REG - Neo Energy Metals - Update on Audit Progress and Trading Resumption

Neo Energy MetalsAnnouncement

19/09/2025 15:30

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RNS Number : 1160A  Neo Energy Metals PLC  19 September 2025

 

 

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

 

19 September 2025

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Update on Audit Progress and Trading Resumption

Neo Energy, the near-term, low-cost uranium developer, provides a
comprehensive update on the status of its annual report and accounts for the
year ended 30 September 2024 (the "Accounts"), regulatory timelines, and
strategic initiatives.

Further to the Company's announcement on 3 September 2025, the Company
confirms that it continues to make substantive progress towards the completion
of its annual audit and accounts. The Company remains in active and
constructive dialogue with its auditors and the relevant regulatory bodies.

Work on the audit is ongoing, with the accounts of key operating subsidiaries
in South Africa expected to be finalised and signed off next week. The UK
audit process is continuing in parallel and is also expected to be concluded
in the near term.

The Board is focused on resolving all outstanding administrative matters and
remains committed to the resumption of trading of its ordinary shares on the
London Stock Exchange at the earliest opportunity.

Operational Progress

Alongside audit and listing preparations, the Company continues to progress
the regulatory approval processes for the projects acquired in 2024. These
efforts remain a strategic priority and form the foundation for near-term
development activity.

Investor Presentation

Mr Jason Brewer, Neo's Chairman, will be in London during October and
anticipates hosting an Investor Presentation on Tuesday, 14 October 2025.
Further details on the time and location will be advised in due course.

The Company extends gratitude to its shareholders for their continued patience
and support. Further updates will be provided as the Company advances through
the final stages of this process.

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
 Jason Brewer - Executive Chairman                               Theo Botoulas - Chief Executive Officer

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

 Faith Kinyanjui - Investor Relations faith@neoenergymetals.com  Michelle Krastanov - Corporate Advisor - AcaciaCap Advisors
 (mailto:faith@neoenergymetals.com)

                                                               michelle@acaciacap.co.za (mailto:michelle@acaciacap.co.za)

                                                                 Tel: +27 (0) 11 480 8500
                                                                 James Duncan - Media Relations

                                                                 james@jmdwrite.com (mailto:james@jmdwrite.com)

                                                                 Tel: +27 (0) 79 336 4010

 

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