REG - Neo Energy Metals - Directorate Change

Neo Energy MetalsAnnouncement

25/03/2024 07:00

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RNS Number : 0184I  Neo Energy Metals PLC  25 March 2024

Neo Energy Metals plc / EPIC: NEO / Market: Main Market of the London Stock
Exchange

 

25 March 2024

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Jason Brewer Appointed Executive Chairman

 

Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased
to announce that Non-Executive Chairman Jason Brewer has been appointed
Executive Chairman with immediate effect.

 

Mr. Brewer's move to an executive role is to support  the Company's Chief
Executive, Sean Heathcote, in delivering on the accelerated development plans
of the Henkries Uranium Project ("Henkries") and expanding the company's
uranium interests around Henkries and throughout Southern Africa.

 

Mr Brewer has significant experience and expertise in the international mining
sector, having worked for almost 30 years in international mining, financial
markets, and investment banking. This includes holding senior executive
positions with a number of major global investment banks, including Dresdner
Kleinwort Benson, NM Rothschild & Sons and Investec and with listed fund
management companies focused on the mining and metals sector. He is the
co-founder of Gathoni Muchai Investments Limited, an active African focused
private equity-style mining investment company, CEO of London listed Marula
Mining plc, and a director of Shuka Minerals plc and Unicorn Mineral Resources
plc. Mr Brewer is also the founder of the Mayflower Childrens Foundation, an
organisation that aims to improve the education, health, and wellbeing of
African children through a variety of charitable programmes.

 

Neo Energy CEO Sean Heathcote said, "Jason is part and parcel of Neo Energy's
journey, and I am delighted that he has agreed to become Executive Chairman.
His extensive experience and dedication to what Neo Energy is striving to
achieve makes it a logical move and Jason's leadership is instrumental in
driving our growth and achieving our goals in this dynamic market. I look
forward to working more closely with Jason as we push forward on our strategy
to become an important supplier to the fast-growing uranium sector.

 

"Having set ambitious targets focused on advancing our low-cost Henkries
uranium project in South Africa towards a 2-year production plan, we eagerly
anticipate sharing regular updates on the company's progress over the coming
months. With experienced leadership and our team's commitment, we are
confident in Neo Energy Metals' ability to deliver value to our stakeholders
and contribute significantly to the uranium industry."

 

ENDS

 

 Sean Heathcote                                   CEO                      sean@neoenergymetals.com

                                                  Neo Energy Metals plc
 Isabel de Salis / Paul Dulieu / Isabelle Morris  Financial PR             neo@stbridespartners.co.uk

                                                  St Brides Partners Ltd

 

 

Notes

 

Neo Energy Metals plc aims to become an important supplier to the fast-growing
uranium sector.  Its initial focus is on its 70% owned Henkries Uranium
Project, an advanced, low-cost uranium project in the Northern Cape Province
of South Africa with a clear pathway to production. +US$30m of historical
exploration, drilling, test pitting and mining, metallurgical test-work and
pilot plant work has been undertaken at the Project, culminating in a
published feasibility study.

 

Headquartered in Nairobi, Kenya, Neo Energy is now focused on increasing the
mineral resources at Henkries from the current estimated 4.7 million pounds of
uranium, (which is highly probable as less than 10% of prospective ground is
fully tested), and completing an updated feasibility study ahead of reaching a
development decision by November 2025.

 

Led by a proven board and management team with uranium and other mineral
project development experience in Southern Africa, Neo Energy's strategy is
layered on a two-year development approach to generate cashflow from Henkries
with a view towards building a longer term exploration and portfolio growth
strategy to develop the highly prospective Northern Cape Region of South
Africa and, potentially, broader regional expansion into energy metal property
holdings globally.

 

The team includes:

·    Jason Brewer, Executive Chairman: c.30 years' experience in
international mining, financial markets, and investment banking with a
particular focus in Africa.

·    Sean Heathcote, CEO: +30 years' experience in the mining and
exploration industry in Africa across a broad range of commodities.

·    Jackline Muchai, Non-Executive Director: one of the few Kenyan women
serving on a board within London's Main Market on the London Stock Exchange,
and CEO of Gathoni Muchai Investments.

·    James Longley, Non-Executive Director: +30 years' experience in
finance, whose career has been focused on venture capital, private equity and
building growth companies.

·    Charles Tatnall, Non-Executive Director: a seasoned advisor and
fundraiser, specialising in small and medium-sized enterprises across diverse
industries.

 

 

 

 

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