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Berkeley Energia ( (AU:BKY) ) just unveiled an update.
Berkeley Energia reported further progress at its Conchas project in Spain, where recent metallurgical test work on lithium- and rubidium-bearing muscovitic leucogranite showed promising recoveries using flotation and magnetic separation, underpinning plans for 3D geological modelling and a second phase of metallurgical optimisation ahead of resource estimation. The company also updated on its US$1 billion arbitration claim against Spain over alleged Energy Charter Treaty breaches affecting the Salamanca uranium project, while noting it remains open to an amicable permitting resolution, and highlighted the intensifying debate over nuclear power in Spain amid potential life extensions for the Almaraz plant and a post-blackout reassessment of nuclear’s role in grid stability, all against a backdrop of a solid balance sheet with A$68 million in cash and no debt.
The most recent analyst rating on (AU:BKY) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Berkeley Energia stock, see the AU:BKY Stock Forecast page.
More about Berkeley Energia
Berkeley Energia is an Australia- and UK-listed resources company focused on critical minerals and uranium, with key projects in Spain. Its assets include the Salamanca uranium project and the Conchas project, which hosts lithium, rubidium and associated critical metals, positioning the company within the energy transition and advanced technology supply chains.
Average Trading Volume: 173,894
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$261.1M
For detailed information about BKY stock, go to TipRanks’ Stock Analysis page.