PERTH (miningweekly.com) – The governing body for all nuclear fuel transactions in the European Union has given consent for ASX-listed Berkeley Energia to sell uranium from its Salamanca mine, in Spain.
Berkeley Energia in November of last year inked a sales agreement with Curzon Resources for a total of two-million pounds of uranium over a five-year period, with the scope to increase offtake to three-million punds.
The agreement was priced at an average of $43.78/lb of contracted and optional volumes.
Berkeley Energia told shareholders on Tuesday that the company is in discussions with other potential offtakeers for contracts on similar terms.
Construction of the Salamanca mine has started and first production is scheduled for late 2018. The Salamanca project is expected to deliver about 4.3-million pounds a year of uranium oxide over a mine life of 18 years.