Berkeley Energia
Berkeley Energia Limited is a publicly listed uranium mining company developing its wholly owned Salamanca Project in western Spain, planning to produce 4.4 million pounds of U3O8 per annum via in-situ recovery for sale under long-term offtake agreements to European and global nuclear utilities.
- Company typePublic
- Founded-
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Berkeley Energia does
Berkeley Energia Limited (BKY on the London Stock Exchange main market, ASX, and Spanish Bolsas) is a publicly listed uranium developer focused on advancing its wholly owned Salamanca Project in the Salamanca province of western Spain into commercial production. The company's core product is the Salamanca uranium mine, which based on a 2016 Definitive Feasibility Study targets 4.4 million pounds of uranium concentrate (U3O8) per annum for an initial 10 years, with all-in cash costs of US$15.06 per pound — positioning it among the world's lowest-cost producers once commissioned. The project uses in-situ recovery (ISR) mining methodology and is anchored by the Zona 7 deposit containing more than 30 million pounds of high-grade uranium located approximately four meters below the surface.
The company makes money by producing and selling uranium concentrate to nuclear power utilities under long-term offtake agreements, with a doubled-volume first-production agreement signed with Interalloys and additional engagement with European and Chinese nuclear utility customers. Go-to-market is a direct enterprise sales motion to nuclear utilities, and the project is sized to deliver roughly 10% of total European uranium consumption or more than a third of Spain's energy generation from a single mine. Berkeley holds ISO 14001, OHSAS 18001, and UNE 22470-80 sustainable mining certifications and operates through Berkeley Minera España, its wholly owned Spanish operating subsidiary.
Capital has been assembled in tranches: a US$5 million royalty and equity package with Resource Capital Funds in 2016, a ~US$30 million institutional share placement in late 2016 (with participation from Blackrock and JP Morgan), and a landmark US$120 million convertible facility from the Sultanate of Oman Sovereign Wealth Fund in 2017 that fully funded the project to production. The company has 51-100 employees with approximately 70 staff and contractors at site during construction, and over 23,000 documented job applications for the project, reflecting its labor-market footprint in an economically depressed region. The company is currently operating but pre-revenue, with Salamanca permitting in Spain actively disputed via a $1.25 billion arbitration claim.
Berkeley Energia firmographics
Firmographics- Name
- Berkeley Energia
- Legal name
- Berkeley Energia Limited
- Website
- https://berkeleyenergia.com
- Company type
- Public
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Berkeley Energia Limited is a publicly listed uranium mining company developing its wholly owned Salamanca Project in western Spain, planning to produce 4.4 million pounds of U3O8 per annum via in-situ recovery for sale under long-term offtake agreements to European and global nuclear utilities.
- Ownership category
- akta.pro rank
Berkeley Energia industry classification
Industry- Product category
- Uranium Mining
- akta.pro primary industry
- Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB)
- akta.pro secondary industry
- Uranium Exploration & Resource Development (EUAKACAA)
Keywords
Where Berkeley Energia is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Berkeley Energia business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Others
Revenue model
- Uranium Sales: Production and sale of uranium concentrate (U3O8) to nuclear power utilities through long-term offtake agreements. First production committed via doubled-volume agreement with Interalloys. Projected to produce 4.4 million pounds per annum for initial 10 years.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Uranium commodity pricing |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Berkeley Energia product offering
Product offeringCore offering
Berkeley Energia is developing its wholly owned Salamanca uranium project in western Spain to produce and sell uranium concentrate (U3O8) to nuclear power utilities. The project is designed to produce 4.4 million pounds of U3O8 per annum for an initial 10-year mine life with all-in cash costs of US$15.06 per pound. Long-term offtake agreements with nuclear utilities, including a doubled-volume agreement with Interalloys, secure the customer base for first production.
Product overview
Berkeley Energia Limited is a high-impact clean energy company focused on bringing its wholly owned Salamanca uranium project into production. The company is developing a world-class uranium project in an historic mining area in western Spain. The Salamanca Project represents the company's primary product, designed to supply over four million pounds of uranium annually, equivalent to 10% of European consumption or more than a third of Spain's energy generation.
Differentiator
Problem solved
Functional benefit
Products and services
- Salamanca Project A world-class uranium mining project located in the Salamanca province of western Spain, approximately three hours west of Madrid, designed to produce over four million pounds of uranium concentrate (U3O8) per year for sale to nuclear power utilities through long-term offtake agreements.
Quantifiable outcome
- 4.4 million pounds per annum uranium production
- +4 more outcomes
Companies that use Berkeley Energia
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles1 record
Berkeley Energia technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Berkeley Energia partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered major, core and minor.
- José Bogas GálvezmajorFormer CEO of Endesa for 12 years, appointed as independent Non-Executive Director. Brings 40+ years experience in Spanish and European energy sectors to support project permitting in Spain.
- InteralloyscoreOfftake agreement for first production uranium from Salamanca mine, with volume doubled from original agreement - significant endorsement of uranium market rebound prospects.
- Amec Foster WheelerminorEngineering consultancy appointed for project development support.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Berkeley Energia competitors and assessment
Company assessmentDirect peers
- Boss Energy: Australia-listed uranium developer that brought the Honeymoon ISR mine in South Australia back into production. Closely comparable as an ISR-focused uranium developer at a similar stage of transitioning from construction to first production, targeting term offtake contracts with utilities.
- Paladin Energy: Australia-listed uranium developer restarting the Langer Heinrich mine in Namibia with comparable single-asset, multi-jurisdiction developer profile to Berkeley. Both target uranium offtake into European and Asian utility markets at similar development stage.
- Uranium Energy Corp: US-listed uranium producer focused on ISR mining across permitted projects in Texas, Wyoming, and New Mexico. Comparable to Berkeley as an ISR-focused uranium developer building production capacity to serve nuclear utilities, with similar offtake-driven GTM.
- Denison Mines: Canadian uranium developer focused on the high-grade Wheeler River project using ISR mining, the same extraction method planned at Salamanca. Closely comparable as a publicly listed ISR uranium developer at DFS/permitting stage targeting first production.
- Peninsula Energy: Australia and US-listed uranium developer operating the Lance ISR project in Wyoming. Directly comparable to Berkeley as an ISR uranium developer with a Western utility customer focus and similar production-ramp profile.
- Energy Fuels: US-based uranium and rare earth producer operating the White Mesa Mill, transitioning from conventional to ISR uranium production. Comparable to Berkeley as a uranium developer with active permitting and production ambitions targeting North American/European utility markets.
- NexGen Energy: Canadian uranium developer advancing the high-grade Rook I/Arrow project in Saskatchewan toward production. Comparable to Berkeley as a single-asset, advanced-stage uranium developer with DFS-stage economics and similar offtake-driven business model.
Broad incumbents
- Kazatomprom: National uranium producer of Kazakhstan and the world's largest uranium miner by volume, using ISR technology similar to Berkeley's planned Salamanca approach. Comparable as the dominant low-cost ISR producer and benchmark for global uranium supply economics.
- Cameco Corporation: World's largest publicly traded uranium producer operating tier-one assets (Cigar Lake, McArthur River) and downstream fuel services. Directly comparable to Berkeley as a primary uranium supplier to nuclear utilities, but at vastly larger scale and with diversified geographic footprint.
Emerging players
- enCore Energy: US-based ISR uranium producer with multiple permitted assets in Texas and the Southwest, ramping production through the current uranium upcycle. Adjacent comparable to Berkeley as a smaller, ISR-focused uranium producer targeting similar utility customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Berkeley Energia social profiles
Digital presenceBerkeley Energia compliance and trust
Trust signalCompliance3 records
Berkeley Energia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Berkeley Energia leadership team
Management profileNumber of profiles
Profiles1 record
Berkeley Energia subsidiaries and ownership
Company hierarchySubsidiaries1 record
Berkeley Energia funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Berkeley Energia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Berkeley Energia
What does Berkeley Energia do?
Berkeley Energia is developing its wholly owned Salamanca uranium project in western Spain to produce and sell uranium concentrate (U3O8) to nuclear power utilities. The project is designed to produce 4.4 million pounds of U3O8 per annum for an initial 10-year mine life with all-in cash costs of US$15.06 per pound. Long-term offtake agreements with nuclear utilities, including a doubled-volume agreement with Interalloys, secure the customer base for first production.
Is Berkeley Energia a public or private company?
Berkeley Energia is a public company. It is classified as public and is currently operating.
When was Berkeley Energia founded?
Berkeley Energia was founded in -1. It employs 51 to 100 people.
Where is Berkeley Energia based?
Berkeley Energia is headquartered in London, United Kingdom, in the Europe region.
How does Berkeley Energia make money?
One revenue line is on record: uranium Sales.
Who are Berkeley Energia's main competitors?
Direct peers on record are Boss Energy, Paladin Energy, Uranium Energy Corp, Denison Mines, Peninsula Energy, Energy Fuels and NexGen Energy. Broad incumbents are Kazatomprom and Cameco Corporation. enCore Energy is listed as an emerging player.
Does Berkeley Energia have an API?
No public API is recorded for Berkeley Energia.
What industry is Berkeley Energia in?
Berkeley Energia's product category is Uranium Mining. Its primary akta.pro industry code is EUAKACAB, Uranium Mining & Milling (Yellowcake/U3O8 Production), with a secondary code of EUAKACAA, Uranium Exploration & Resource Development.