Berkeley Energia Limited (GB:BKY) has released an update.
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Berkeley Energia Limited, in its March 2024 quarterly report, disclosed its move to international arbitration against Spain over investment disputes related to its Salamanca project, while expressing a continued commitment to the project and openness to dialogue. The company reported a strong financial position with A$78 million in cash reserves and no debt, amidst a backdrop of fluctuating uranium prices and a positive outlook for the nuclear power sector. Berkeley is also progressing with an exploration program focused on battery and critical metals within Spain, alongside finalizing a study for a solar power system to reduce carbon emissions and operating costs for the Salamanca project.
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