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Berkeley Energia inks 'phenomenal' $120mln strategic financing deal

Paul Atherley, managing director of Berkeley Energia Limited (LON:BKY) tells Proactive they've arranged the finance to bring their Salamanca uranium project into production through a US$120mln convertible loan and option package with Oman’s sovereign wealth fund.

The deal will see Oman become a substantial shareholder in the company and have the opportunity to become an offtake partner.

Quick facts: Berkeley Energia Ltd

Price: 15.75 GBX

LSE:BKY
Market: LSE
Market Cap: £40.71 m
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Caution over Berkeley Energia report casting doubt over Spanish government...

Numis Securities analyst Justin Chan chats to Proactive London's Andrew Scott following a Reuters report suggesting Spain’s government will not issue the required permits for construction of Berkeley Energia Ltd 's (LON:BKY) Salamanca mine to go-ahead, even though the project was granted...

on 17/10/18

2 min read