Berkeley Energia Limited (AU:BKY) has released an update.
Berkeley Energia Limited, through its subsidiary, is initiating international arbitration against Spain, alleging breaches of the Energy Charter Treaty, after failing to reach an amicable solution over its Salamanca project. Despite this dispute, the company remains open to dialogue and continues to support the Salamanca project. Concurrently, global nuclear power and uranium markets show signs of growth, with various international developments and a strong company balance sheet featuring A$78 million in cash and no debt.
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