Berkeley rises in the Stock Market by almost 14% after having presented the Ministry for the Ecological Transition and the Demographic Challenge (Miteco) a new improvement report that the company claims shows that the construction of a uranium mine in Retortillo (Salamanca) Meets all requirements.
The Australian miner has also requested the Nuclear Safety Council (CSN), which disavowed this project, a new evaluation. After communicating both issues, Berkeley titles lead the rises of the Spanish Stock Market this Thursday when noticing an advance of almost 14% with which it marks intraday highs above 0.20 euros per share.
The company maintains that this technical report shows that the project meets all the requirements of the construction authorization for this uranium concentrate plant that Berkeley projects in Retortillo and that it would be the open pit uranium mine largest in Europe.
More documentation to the CNS
On the other hand, a hearing process has been opened in relation to the CSN’s decision, which gives Berkeley the opportunity to submit documentation that it considers pertinent to Miteco before August 4, 2021. In a statement, Berkeley rejects the CSN assessment and indicates that all the documentation provided by the company throughout the process in which it has been working for more than 10 years has been prepared following the recommendations of independent advisers and consultants, of great national and international recognition and experts in their field.
Berkeley reiterates that the competent authorities at the local, regional, state and European level have granted more than 120 permits and favorable reports in relation to the Salamanca project, among which are nine from the CSN itself.
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