Berkeley Energia Appoints Former Endesa CEO José Bogas to Bolster Spanish Nuclear Project Permitting

José Bogas Gálvez’s Leadership and Legacy at Endesa

José Bogas Gálvez brings significant credibility to Berkeley Energia’s board following a distinguished tenure at Endesa, S.A., one of Spain’s largest multinational electric utilities. As CEO for 12 years, Bogas led Endesa’s transformation and reinforced its leadership in Spain’s electricity sector, notably expanding its nuclear energy footprint through multiple nuclear power plant interests. His extensive operational and strategic expertise aligns closely with Berkeley’s uranium development goals.

Although Bogas stepped down as Endesa CEO in April 2026, he remains a Director. He has also held key roles in energy institutions, including as a former board member of AELEC (Association of Electric Power Companies) and currently serves as Honorary Vice-Chairman and Board Member of the Spanish Energy Club, underscoring his ongoing influence in Spain’s energy sector.

Industry Recognition and Awards Highlighting Bogas’s Influence

Bogas’s contributions have been widely recognized with prestigious awards. In 2024, he received the Influential Award in the Professional Career category from El Confidencial, a leading Spanish business publication. In 2025, Merca2 named him Executive of the Year, affirming his stature among industry peers. Most recently, at the 2026 World Economic Forum in Davos, Forbes España honored him with the Best Vision of the Future 2025 Award, reflecting his strategic foresight in the global energy sector. These accolades reinforce Berkeley’s acquisition of a board member with substantial credibility and influence in Spanish, European, and international energy circles, enhancing its engagement with government and regulatory stakeholders.

Enhancing Berkeley’s Influence in Spain and Regulatory Networks

Berkeley Energia’s strategic appointment of Bogas aims to strengthen the company’s standing within Spain during a critical phase for the Salamanca Project. Bogas’s four decades of experience and extensive networks in the Spanish and European energy sectors are expected to assist Berkeley in navigating the complex permitting landscape. Spain’s uranium regulatory environment poses challenges, and Bogas’s deep understanding of energy policy and governance offers Berkeley a significant advantage.

Robert Behets, Berkeley’s Executive Director, emphasized that securing an executive of Bogas’s calibre will bolster efforts to resolve permitting issues for Salamanca. This underscores that regulatory approvals remain a key bottleneck, and Bogas’s insider knowledge and connections could facilitate constructive dialogue with relevant authorities and stakeholders.

Appointment Terms and Compensation Details

Bogas’s role as Non-Executive Director includes an annual director fee of A$45,000 and an additional A$15,000 committee fee for his service on the Remuneration and Nomination Committee. Complementing cash fees, he will receive 2,000,000 incentive options exercisable at A$0.80 each until 30 September 2028. These options vest after 18 months of continuous board service, aligning his interests with Berkeley’s long-term success and incentivizing sustained contribution.

Overview of Berkeley Energia’s Salamanca Project

Berkeley Energia is an ASX-listed uranium developer focused on the Salamanca Project in Spain. This flagship asset is advancing through development and permitting stages toward production. The company operates from Perth, Australia, while maintaining operational management in Spain near Retortillo, Salamanca. The appointment of Bogas highlights the importance of resolving permitting challenges, which remain a significant milestone and potential constraint on project timelines.

European uranium projects face complex regulatory, environmental, and political hurdles. Berkeley’s investment in high-level strategic guidance through Bogas’s appointment signals management’s view that permitting resolution is critical to unlocking project value and progress.

Strategic Importance of Recruiting a High-Profile Board Member

Bogas’s appointment extends beyond his expertise to reinforce Berkeley’s positioning within Spain’s energy and political landscape. Uranium projects operate in a highly regulated and politically sensitive environment, especially in Europe where nuclear energy policy is actively debated. By appointing a figure of Bogas’s stature, Berkeley demonstrates commitment to operating responsibly and aligns with Spain’s energy sector leadership.

His extensive experience at Endesa, a major player with significant nuclear interests, provides Berkeley with insight into Spanish energy policy, nuclear energy’s role in energy security, and the informal networks crucial for project approvals. His current leadership roles in the Spanish Energy Club further affirm his trusted status, offering Berkeley a credible interface with government, regulatory, and business stakeholders that could expedite Salamanca’s permitting process.

Uranium Market Dynamics and European Energy Policy Context

Berkeley’s uranium development in Spain aligns with growing global and European recognition of nuclear power as a key decarbonization and energy security strategy. Spain’s evolving energy policy increasingly supports nuclear energy, creating favorable conditions for uranium projects. Endesa’s historic nuclear involvement underscores Spain’s nuclear expertise and infrastructure, positioning Berkeley’s Salamanca Project to align with national objectives.

Bogas’s appointment reflects Berkeley’s confidence that his knowledge of Spanish nuclear policy and relationships with decision-makers will aid in advancing Salamanca through permitting to commercial development.

Outlook and Project Timeline Considerations

The company has not provided specific timelines for permitting resolution or intermediate milestones before production. Investors should monitor future updates on regulatory approvals, environmental permits, and development progress. Bogas’s equity incentives vesting over 18 months indicate Berkeley expects his active engagement during this period to add value.

While the company anticipates progress, it acknowledges risks and uncertainties inherent in regulatory and political processes that may affect timelines. Berkeley makes no commitments to update shareholders on permitting status, suggesting potential for extended periods without detailed visibility.

Risks and Permitting Challenges Ahead

Despite this strategic appointment, Berkeley’s update offers limited detail on specific permitting obstacles or resolution timelines. European uranium projects face technical, environmental, political, and public acceptance challenges that can delay approvals. The ongoing description of the permitting situation as "current" indicates significant hurdles remain before Salamanca can proceed to construction and production.

The company’s forward-looking statements caution that outcomes depend on factors beyond management’s control and actual results may differ materially. Investors should recognize that even with Bogas’s influence, permitting timelines for major projects are inherently uncertain, and regulatory or political changes could impact progress. Berkeley does not guarantee updates on permitting developments, requiring shareholders to remain vigilant regarding regulatory risks.