Berkeley Energia advances Spanish critical minerals push amid US$1.25bn arbitration with Spain

Berkeley Energia ( (AU:BKY) ) has shared an update.

Berkeley Energia advanced its Conchas critical minerals project in western Spain during the March quarter, confirming shallow, thick lithium and rubidium mineralisation hosted in muscovitic leucogranite with notable intercepts from recent reverse circulation and diamond drilling. Preliminary metallurgical tests showed strong lithium and rubidium recoveries using flotation and magnetic separation, while 3D modelling and a comprehensive geological model were completed as precursors to a maiden resource estimate.

The company also pressed ahead with its US$1.25 billion arbitration claim against Spain over alleged Energy Charter Treaty breaches affecting the Salamanca uranium project, even as it signalled willingness to pursue an amicable permitting solution. Against a backdrop of renewed debate over nuclear power in Spain, evolving regulatory decisions on nuclear plants and fuel facilities, and growing recognition of rubidium as a critical material, Berkeley closed the quarter with A$64 million in cash and no debt, underpinning its work on both legal and exploration fronts.

More about Berkeley Energia

Berkeley Energia is an Australia-listed resources company focused on critical minerals and nuclear-fuel-related projects in Spain. Its portfolio includes the Salamanca uranium project and the Conchas project in western Salamanca province, where it is targeting lithium, rubidium, tin, tungsten and other battery and strategic metals aligned with European critical raw materials priorities.

See more data about BKY stock on TipRanks’ Stock Analysis page.