2nd Sep 2021 06:55
Berkeley Energia Ltd - clean energy company focused on bringing wholly owned Salamanca project in Spain into production - Pretax loss in year to June 30 widens to USD55.0 million from USD42.9 million year before. Exploration & evaluation expenses slips to USD5.3 million from USD5.8 million and fair value movement on liabilities down to USD18.3 million charge from USD41.1 million charge, but books USD20.4 million impairment charge versus zero year before.
"Subsequent to the end of the year, the company reported that the board of the Nuclear Safety Council had issued an unfavourable report for the grant of the Nuclear Safety Council II," company says.
It adds: "The company has however taken steps to overturn the NSC II decision following the submission of an 'Improvement Report' to supplement the company's initial NSC II application, along with the corresponding arguments that address all of the issues raised by the NSC, and has requested its reassessment by the NSC.
"The Improvement Report includes technical arguments that, in the company's view, will clearly demonstrate that the project is compliant with all requirements for NSC II."
Current stock price: 15.52 pence
Year-to-date change: down 52%
By Paul McGowan; [email protected]
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