Berkeley shares surge on media reports

11th January 2019 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

Berkeley shares surge on media reports

Photo by: Bloomberg

PERTH ( – 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.