REG - Neo Energy Metals - Shore Capital Appointed as New Corporate Broker

Neo Energy MetalsAnnouncement

30/01/2025 11:45

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RNS Number : 3129V  Neo Energy Metals PLC  30 January 2025

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

 

30 January 2025

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Appointment of Shore Capital as New Corporate Broker

Neo Energy Metals plc ('Neo Energy' or the 'Company'), the near term,
low-cost uranium developer, is pleased to announce the appointment of Shore
Capital Stockbrokers Limited ("Shore Capital") as its corporate broker.

Shore Capital will work alongside the Company's recently appointed strategic
and financial adviser Bacchus Capital Advisers Limited ("Bacchus Capital").

Neo Energy Metals Executive Chairman, Jason Brewer said:

"We are pleased to announce the appointment of Shore Capital as our corporate
broker, marking a significant milestone for NEO.

The Board is confident that the appointment of both Shore Capital and 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.

Both Shore Capital and Bacchus Capital will be conducting a site visit to the
Beatrix 4 Shaft Complex as well as the Beisa Uranium Mine later this week as
part of their ongoing assessment and engagement with the project. The visit
aims to provide firsthand insights into the site's operations and potential
development opportunities.

With their deep expertise in capital markets and strategic advisory, Shore
Capital brings a wealth of knowledge that will enhance our ability to navigate
market dynamics and unlock new growth opportunities. Shore Capital will be an
integral partner in our journey toward delivering long-term value to
shareholders and solidifying our position as a leader in the industry."

END

About Shore Capital

Shore Capital is an independent UK investment bank offering institutional and
corporate clients leading Corporate Advisory & Broking, Research, Equity
Sales, Investment Funds, Fixed Income, Execution and Market Making services.

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

 

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