Berkeley Energia Limited (LON:BKY) shares jumped in early trading Friday after it said it has received no official notice regarding official approvals for its Salamanca uranium project after reports emerged in the Spanish media.
In a brief statement, the miner said it would update shareholders when any formal notice regarding approvals for the project, which is located around three hours west of Madrid.
It isn’t the first time the company has had to battle media speculation around potential approval for the Salamanca project after a Reuters report in October suggested the mine would not receive approval from the Spanish government despite already being given preliminary approval.
The firm was then forced to refute media speculation once again that month when more press reports emerged that the government was intending to deny permits for the mine, with Spain’s Nuclear Safety Council saying it was not the source.
In a note to clients, analysts at broker Shore Capital said that the Spanish press had "apparently" reported that approval for the project had been granted, adding that a Reuters report yesterday had said "Spain’s nuclear watchdog CSN had “endorsed” two nuclear safety studies, in “a preliminary step in the approval process”".
Shares were up 17.3% at 24.7p
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