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Berkeley Energia notes progress and recruitment

The company is working to appoint a new Spanish chief executive and is steering the Salamanca mine towards construction

Berkeley Energia Ltd - Berkeley Energia notes progress and recruitment

Berkeley Energia Ltd's(LON:BKY) latest results statement detailed ongoing progress as it works to deliver the Salamanca uranium mine in Spain

During the last financial year it made significant management changes, with chief executive Paul Atherley leaving the company, and, it switched office headquarters to Spain from London.

Recruitment is presently underway with the aim hiring of a suitably qualified Spanish national for the managing director and chief executive.

READ: Berkeley Energia updates on efforts toward Salamanca approval

“These initiatives are aimed at further enhancing the company's strong engagement with its key stakeholders in Spain,” the company in a statement.

Berkeley, meanwhile, continues to work through the permitting process.

“The company continues to engage with the relevant authorities in a collaborative manner in order to facilitate the timely resolution of the pending approvals required to commence construction of the Salamanca mine,” it said.

In terms of financial results, the pre-revenue company reported a US$5.68mln loss for the year. It ended December with cash reserves of US$92.5mln.

Quick facts: Berkeley Energia Ltd

Price: 38 GBX

LSE:BKY
Market: LSE
Market Cap: £98.27 m
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