Berkeley se dispara en Bolsa más del 20% en dos sesiones

Berkeley stock surged over 20% in two sessions, marking a significant increase from the previous Friday when it climbed more than 14%. The company announced its intention to appoint Jos� Bogas, former Endesa CEO, as a board member during its shareholder meeting on November 18. Berkeley's stock value increased by 59.82% throughout the year.

The company is planning to launch an open-pit uranium mine in Retortillo, Salamanca, but the project has been stalled due to formal rejection by the Ministry for the Ecological Transition and Demographic Challenge, as well as negative assessments from the Security Council. Berkeley sees Bogas' addition as a substantial boost to the company's standing and influence in Spain, thanks to his expertise in the Spanish and European energy sectors, along with his extensive network of business and government contacts.

Despite Bogas stepping down as Endesa's CEO in April, he remains a part of Berkeley's board of directors. Berkeley has initiated an arbitration process against Spain at the International Centre for Settlement of Investment Disputes (ICSID) over a monetary claim of $1.25 billion, which amounts to more than €1 billion. The mining company accuses Spain of violating the Treaty on the Energy Charter (TEC) by blocking its uranium mine project in Retortillo, Salamanca, through the 2021 Climate Change and Energy Transition Law and by denying the installation's authorization as a radiological facility due to the Ministry for the Ecological Transition.