Berkeley closes Oman financing transaction

Following shareholder approval announced on Thursday, uranium project developer Berkeley Energia has completed a strategic investment of up to $120-million with the sovereign wealth fund of the Sultanate of Oman, which means that Berkeley can now bring the Spain-based Salamanca uranium mine into production. The ASX- and Aim-listed miner noted that all precedent conditions had been met and that the company had received the initial $65-million tranche of funding.