REG - Neo Energy Metals - Non-Executive Director Share Purchase

Neo Energy MetalsAnnouncement

21/05/2026 07:00

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RNS Number : 1717F  Neo Energy Metals PLC  21 May 2026

Neo Energy Metals plc

("Neo Energy" or the "Company")

Non-Executive Director Share Purchase

 

Neo Energy Metals plc (LSE: NEO; A2X: NEO), the uranium and gold development
company focused on South Africa, announces that the Company was notified on 19
May 2026 that, Sajjad Sabur, one of the Company's non-executive directors, has
purchased 982,349 Neo Energy ordinary shares of £0.0001 each ("Shares") at a
purchase price of 1.0125 pence per Share and 780,023 Shares at a purchase
price of 1.02 pence per Share. The Shares were purchased on the open market
on 15 May 2026 and 18 May 2026 respectively.

Following these purchases, Sajjad Sabur holds 2,192,372 shares in the Company,
representing 0.1% of the Company's issued share capital.

ENDS

About Neo Energy Metals plc

Neo Energy Metals plc is a uranium and gold company listed on the London Stock
Exchange Main Market (LSE: NEO) and the A2X Markets (A2X: NEO), with a JSE
Main Board listing targeted for 2026. The Company has secured two uranium
projects in South Africa with a combined JORC- and SAMREC-compliant resource
of 31.5 million pounds ("Mlb") of uranium and 1.2 million ounces ("Moz") of
gold.

New Beisa Node - Free State Goldfields

The New Beisa Uranium/Gold Project, to be known as the New Beisa Node, is a
brownfields uranium and gold development located on the Beatrix 4 shaft
property near Virginia in the Free State Goldfields, one of the highest-grade
uranium-bearing regions in the world.

The project is being acquired from Sibanye-Stillwater, which operated the
Beatrix 4 shaft complex until 2022 and will have a significant shareholding in
Neo Energy.

The asset carries more than US$500 million in historical capital investment
and benefits from existing surface infrastructure including a headgear and
winding systems, a gold processing plant with 120,000 tonne-per-month milling
capacity, primary ventilation, a tailings storage facility and all major
utilities. Underground development is in place, with the Beisa Reef accessible
from the existing shaft at depths of 300 to 1,000 metres.

Measured and Indicated resources stand at 26.8Mlb of uranium at 1,100ppm and
1.2Moz of gold at 3.27 g/t (SAMREC Code, 2016).

Initial annual production is targeted at approximately 810,000lb uranium and
52,000 ounces of gold, at an all-in sustaining cost below US$30 per pound
uranium equivalent after gold credits, with an estimated mine life of 17 years
on current Measured and Indicated resources.

The Beatrix Mining Right is being transferred to Neo Energy under Section 11
of the Mineral Resources and Petroleum Development Act; ministerial consent is
required on or before 6 December 2026 with first production targeted for
December 2027.

Henkries Node - Northern Cape

The Henkries Uranium Project, to be known as The Henkries Node, is a
near-surface, palaeochannel-hosted uranium deposit in the Northern Cape
Province. Mineralisation occurs in unconsolidated sands from surface to a
maximum depth of eight metres, requiring no drilling or blasting.

JORC compliant resources total 4.7Mlb of uranium at an average grade of
399ppm, with 25 kilometres of identified palaeochannel remaining undrilled on
the licence area.

The process route - conventional acid leach to yellowcake - has been proven
through an Anglo-American pilot plant that processed more than 200 test pits
at a cost of over US$30 million.

A 2024 Feasibility Study for the Henkries project indicates annual production
of approximately 580,000lb of uranium at a cash cost of approximately
US$33/lb, with an NPV (8%) of US$60 million and an IRR in excess of 25% at
US$85/lb. Total initial capital requirement is approximately US$65 million

Enquiries

 Neo Energy Metals plc

 Theo Botoulas, Chief Executive Officer                via james.duncan@neoenergymetals.com (mailto:james.duncan@neoenergymetals.com)

 De Wet Schutte, Chief Financial Officer               +27 (0) 79 336 4010

 James Duncan, Investor Relations and Communications

 Financial PR / Investor Relations                     +44 (0) 20 7920 3150

 Tavistock                                             neoenergymetals@tavistock.co.uk

 Jos Simson / Gareth Tredway

 Corporate Advisor                                     +27 (0) 11 480 8500

 AcaciaCap Advisors                                    michelle@acaciacap.co.za

 Michelle Krastanov

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further details.

 Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1.                          Details of the person discharging managerial responsibilities / person closely
                             associated
 a.                          Name                                                                        Sajjad Sabur
 2.                          Reason for the notification
 a.                          Position/status                                                             Non-executive director
 b.                          Initial notification/Amendment                                              Initial notification
 3.                          Details of the issuer, emission allowance market participant, auction
                             platform, auctioneer or auction monitor
 a.                          Name                                                                        Neo Energy Metals plc
 b.                          LEI                                                                         213800WE14587VRQ5Y10
 4.                          Details of the transaction(s): section to be repeated for (i) each type of
                             instrument; (ii) each type of transaction; (iii) each date; and (iv) each
                             place where transactions have been conducted
 a.                          Description of the Financial instrument, type of instrument Identification  Ordinary Shares of £0.0001 each
                             code

                                                                                                         GB00BYWLRL80

 b.                          Nature of the transaction                                                   Purchase of shares
 c.                          Price(s) and volume(s)

Price    Volume
                                                                                                         1.0125p  982,349 780,023

                                                                                                         1.02p

 d.                          Aggregated information

                             -      Aggregated volume        1,762,372

                                                             1.0158195 pence

                             -      Price
 e.                          Date of the transactions        15 May 2026

                                                             18 May 2026
 f.                          Place of the transactions       London

 

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