Photo by: Bloomberg
PERTH (miningweekly.com) – The share price of junior Berkeley Energia jumped by more than 63% on Friday, following media reports that its Salamanca uranium project, in Spain, had been approved.
The ASX- and LSE-listed company told shareholders that despite the Spanish media reports, the company had received no official notice with regard to the project approval.
Berkeley is spending €82.3-million on building the Salamanca mine, which will produce 4.4-million pounds a year over ten years – placing the company among the top-ten global uranium producers.
The company’s shares were trading at a high of 46c each on the ASX on Friday, up from a low of 36c a share.