REG - Neo Energy Metals - Update on Publication of Annual Accounts

Neo Energy MetalsAnnouncement

03/10/2025 15:45

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RNS Number : 0648C  Neo Energy Metals PLC  03 October 2025

 

 

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

 

3 October 2025

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Update on Publication of Annual Accounts

Neo Energy, the near-term, low-cost uranium developer, provides an update on
publication of its annual report and audit of its accounts for the year ended
30 September 2024 (the "Annual Accounts") and publication of its interim
accounts for the six-month period ending 31 March 2025 ("Interim Accounts"),
and likely timing of resumption in trading of the Company's shares on the
London Stock Exchange.

The Board has been pleased with the progress made over past weeks by its
financial team in the United Kingdom and in South Africa and its independent
auditors, Moore Kingston Smith. The Company now expects the Annual Accounts to
be published within the next two weeks, subject to any last-minute
adjustments, which are not expected.

Publication of the Interim Accounts, which are also currently being finalised,
will proceed very shortly after the Annual Accounts are published.

Upon the Annual and Interim Accounts being published, the Company will request
that the current suspension from trading is lifted.

In parallel with the audit work, the Company continues to progress its mine
and project related activities in South Africa and anticipates that the
regulatory approval processes for the projects acquired in 2024 will be
received in the current quarter.

The Company's United Kingdom based directors and Neo's Chairman, Mr Jason
Brewer, will hold a number of meetings in London over the next two weeks in
anticipation of the resumption of trading in the Company's shares and this
will include an investor presentation for shareholders. The details on the
time and location will be advised shortly.

The Company appreciates the ongoing support and patience of its shareholders.

Further updates will be provided.

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 a  100% interest in the Beisa North
and Beisa South Uranium and Gold Projects and  a 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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