REG - Neo Energy Metals - Appointment of New South African based CEO

Neo Energy MetalsAnnouncement

16/05/2025 07:00

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RNS Number : 9907I  Neo Energy Metals PLC  16 May 2025

Neo Energy Metals plc / LSE: NEO, A2X: NEO / Market: Main Market of the London
Stock Exchange

 

16 May 2025

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Appointment of New South African based Chief Executive Officer

Board Restructured with Broader Executive Roles

Neo Energy, the near term, low-cost uranium developer, is pleased to announce
the appointment of Mr. Theo Botoulas as its new Chief Executive Officer
('CEO') and Executive Director of the Board, effective immediately.

Mr. Botoulas, who is based in South Africa, is a seasoned mining executive
with over 40 years of international experience in mining operational, finance
and asset management.  He holds a B.Eng. and M.Sc. in Mining Engineering, as
well as Mine Manager and Mine Overseer's Certificates of Competency
(Metalliferous Mines), and is registered as a Professional Engineer with the
Engineering Council of South Africa.

Mr. Botoulas has held senior mining executive roles throughout Africa,
including as both CEO and COO of multiple listed and unlisted companies
involved in diamond, tin, tantalum, gold, copper, and uranium mine production
and exploration. He has led numerous restructuring initiatives, delivered
turnarounds of underperforming assets, and participated in the successful
listing of several mining companies. His most recent roles include CEO of
Andiamo Exploration (UK), focused on volcanogenic massive sulphide /orogenic
deposits in Arabian-Nubian shield in East Africa, and as a Project Manager for
Abyssinian Metals' Kenticha lithium project in Ethiopia. In addition, Mr
Botoulas has significant experience in the construction and management of
mining operations in both the Free State and Northern Cape Provinces of South
Africa.

In conjunction with this appointment, the Company is also announcing a further
restructure of its Board of Directors. Given the rapid growth of the Company,
driven by its planned acquisition of the Beisa Uranium Project, the Board
believes it requires greater executive management capabilities at this level
and as part of this Mr. Sean Heathcote, will transition to the role of
Executive Technical Director, continuing to support the Company, Mr. Botouas
and its executive management with his deep industry knowledge and technical
expertise. Mr. Botoulas will also, as part of his role in South Africa, look
to establish a broad and experienced executive team to advance the Beisa
Uranium Project through to production in accordance with the Company's
strategy of establishing itself as South Africa's largest uranium producer.

NEO Energy Metals new CEO Theo Botoulas said,

"I look forward to an exciting journey with Neo Energy in a world where
nuclear energy generation and the associated secure and safe production and
supply of uranium will become increasingly more relied upon as base load
energy to meet increasing demand. The asset base of Neo Energy has a
substantial mix of very near-term and well-balanced future production assets.
Having been operational at the Oryx/ Beisa Mine (now Beatrix 4 Shaft) during
my early career, the experience will facilitate rapid reopening of the
underground operations. I look forward to assembling a world class team of
professionals in order to deliver the stated  Neo Energy mission, which is to
become an established, safe and profitable uranium production company with
multiple uranium mining operations across Africa".

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation, and the Directors of the Company are responsible for
the release of this announcement.

END

Regulatory Disclosures

Further information on the appointment of Mr. Theo Botoulas

Full list of present and past directorships (within the last five years) is as
follows:

 CURRENT       PAST (within the last five years)
 UK
 -             Andiamo Exploration Limited
 South Africa
 -             Union Atlantic Minerals Limited

 Mr. Botoulas currently holds no shares in the Company.

About NEO Energy Metals Plc

Neo Energy Metals plc is a Uranium developer and mining company listed on the
main market of the London Stock Exchange (LSE: NEO).

The company and its South African Subsidiaries', namely Neo Uranium Resources
Beisa Mine (Pty) Limited and Neo Uranium Resources South Africa (Pty)
Ltd have continued to strengthen the uranium portfolio through conditional
agreements for the acquisitions of; 100% interest in the Beisa North
and Beisa South Uranium and Gold Projects and 100% interest in the Beatrix
4 mine and shaft complex, the processing plant complex and associated
infrastructure in the Witwatersrand Basin, located in the Free State Province
of South Africa. The combined projects total SAMREC Code compliant resource
base comprises, 117 million pounds of U₃O₈ and over 5 million ounces of
gold.

Additionally, the Company holds up to a 70% stake in the Henkries Uranium
Project, an advanced, low-cost mine located in South Africa's Northern Cape
Province and a 100% interest in the Henkries South Uranium Project,
extending the Henkries Project's strike length by 10km to a total of 46km of
shallow paleo-channels proven to host uranium mineralisation through extensive
drilling and feasibility studies backed by US$30 million in historic
exploration and development expenditure.

The Company is led by a proven board and management team with experience in
uranium and mineral project development in Southern Africa. Neo Energy's
strategy focuses on an accelerated development and production approach to
generate cash flow from Henkries while planning for long-term exploration and
portfolio growth in the highly prospective Uranium district of Africa.

The Company's shares are also listed on the A2X Markets (A2X: NEO), an
independent South African stock exchange, to expand its investor base and
facilitate strategic acquisitions of uranium projects, particularly within
South Africa.

 

 

 

 

For Enquiries Contact:

 Jason Brewer                Executive Chairman                      jason@neoenergymetals.com
 Sean Heathcote              Chief Executive Officer                 sean@neoenergymetals.com
 Faith Kinyanjui             Investor Relations                      faith@neoenergymetals.com
 Michelle Krastanov          Corporate Advisor - AcaciaCap Advisors    michelle@acaciacap.co.za

 Tel: +27 (0) 11 480 8500

 

 

 

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