REG - Neo Energy Metals - Bacchus Capital Appointed as Strategic Adviser

Neo Energy MetalsAnnouncement

16/01/2025 07:00

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RNS Number : 4834T  Neo Energy Metals PLC  16 January 2025

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

 

16 January 2025

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Neo Energy Appoints Bacchus Capital as Strategic and Financial Adviser

Neo Energy, the near-term, low-cost uranium mine developer, is pleased to
announce the appointment of Bacchus Capital Advisers Limited ("Bacchus
Capital") as its strategic and financial adviser.

Bacchus Capital is a leading independent investment and merchant banking
boutique specialising in strategic and corporate finance advice, mergers and
acquisitions, capital raisings and natural resource sector ventures. Bacchus
Capital is headquartered in Central London, with representation
in Asia, North America and Australia. Further information on Bacchus
Capital can be obtained from their website: https://www.bacchuscapital.co.uk
(https://www.bacchuscapital.co.uk)

Bacchus Capital was established in 2017 and is led by Peter Bacchus, former
Global Head of Mining and Metals at Jefferies and Morgan Stanley. Its team has
over 100 years of combined investment banking and global mining sector
experience and has led some of the mining industry's most transformational
transactions, including the defence and sale of WMC in Australia (which
included the Olympic Dam mine); the recapitalisation of Anglo American; the
defence of Rio Tinto; the bond financing to build Fortescue in WA; the pre-IPO
funding, IPO, and merger of Glencore; and First Quantum's contested public
takeover of Inmet.

In 2018, Bacchus Capital founded and established Yellow Cake Plc (AIM: YCA)
("Yellow Cake") on the London Stock Exchange, an AIM listed investment vehicle
operating in the uranium sector with a view to holding physical uranium for
the long-term and providing investors with pure exposure to the uranium
sector.

Bacchus Capital successfully completed the IPO for Yellow Cake in 2018, has
overseen and advised on multiple oversubscribed financings for them in the
past five years for an aggregate amount in excess of £500 million. It further
advised, structured and currently oversees the management of Yellow Cake's
contract with the largest, and one of the lowest cost, producers of uranium
globally under which Yellow Cake has purchased over £500 million of physical
uranium. Yellow Cake is currently trading at a market capitalisation of
approx. £1.2 billion, 600% above its initial valuation and its performance
since listing positions it as one of the best performing metals and mining
stocks on the London Stock Exchange over the last five years.

The Board is confident that the appointment of Bacchus Capital will greatly
assist the Company as it looks to deliver on its strategy to establish itself
as South Africa's leading uranium mining company with the recommencement of
mining at the Beatrix 4 Shaft Complex and Beisa Uranium-Gold Mine located in
the world-class Witwatersrand Basin in the Free State Province of South
Africa.

 

Neo Energy Metals Executive Chairman Jason Brewer said:

"The appointment of Bacchus Capital Advisers represents an important milestone
for Neo Energy Metals as we focus completing the recently announced uranium
mine acquisitions in South Africa. Bacchus Capital's extensive experience in
the global resources sector, their in-depth knowledge of the uranium sector
and their extensive corporate finance and capital raising credentials,
positions them as the ideal partner to assist us in achieving our strategic
goals."

Richard Allan, Managing Director and COO of Bacchus Capital Advisers said:

"We are pleased to work with Neo Energy Metals and provide the necessary
strategic and corporate financial advice to them as they look to advance and
fast-track their major uranium and gold assets into production at the Beatrix
4 and Beisa Uranium-Gold Mine in South Africa.

"Through our successful involvement with Yellow Cake PLC we have a broad and
extensive knowledge and understanding of the global uranium sector. This will
greatly assist us as we leverage our expertise in investment banking and the
global mining sector to meet Neo Energy Metals' immediate and long-term
objectives."

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

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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