REG - Neo Energy Metals - Resignation of Director

Neo Energy MetalsAnnouncement

03/07/2025 15:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250703:nRSC6730Pa&default-theme=true

RNS Number : 6730P  Neo Energy Metals PLC  03 July 2025

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

 

3 July 2025

Neo Energy Metals plc

('NEO Energy' or 'the Company')

Resignation of Director

NEO Energy, the near-term, low-cost uranium developer, announces that Mr
Quinton van der Burgh has resigned from the Board of Directors with immediate
effect.

The Board wishes to thank Mr van der Burgh for his contributions to the
Company and wishes him well in his future endeavours.

The Company does not intend to appoint a replacement director at this stage,
given the advanced stage of a number of key uranium acquisitions in South
Africa, under which a number of  new appointments to its Board of Directors
is planned.

Theo Botoulas, CEO of Neo Energy Metals, said:

"On behalf of the Board, I would like to sincerely thank Quinton for his
support and contributions during his time with Neo Energy Metals. His insights
and experience have been valuable to the Company as we continue to position
ourselves within the uranium sector. We wish him every success in his future
endeavours.

We look forward to strengthening the Board with the appointment of a number of
new directors as we look to finalise the regulatory and financing aspects of a
number of major uranium project acquisitions in South Africa this current
quarter".

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.

ENDS

 

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:

 

 KENYA                                                          SOUTH AFRICA
 NEO ENERGY METALS                                              NEO ENERGY METALS

 Jason Brewer - Executive Chairman                              Theo Botoulas - Chief Executive Officer

 jason@neoenergymetals.com (mailto:jason@neoenergymetals.com)   theo@neoenergymetals.com (mailto:theo@neoenergymetals.com)

 INVESTOR RELATIONS                                             CORPORATE ADVISOR

 Faith Kinyanjui                                                Michelle Krastanov - AcaciaCap Advisors

 faith@neoenergymetals.com (mailto:faith@neoenergymetals.com)   michelle@acaciacap.co.za (mailto:michelle@acaciacap.co.za)

                                                                Tel: +27 (0) 11 480 8500
 LONDON                                                         MEDIA RELATIONS

 Bacchus Capital Advisers Ltd                                   James Duncan

 Richard Allan - Managing Director                              james@jmdwrite.com (mailto:james@jmdwrite.com)

 Tel: +44 203 848 1642                                          Tel: +27 (0) 79 336 4010

 Shore Capital Ltd

 Toby Gibbs - Director

 Tel: +44 207 408 4090

 Harry Davies-Ball - Manager

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOARJMITMTTMBLA