REG - Neo Energy Metals - £8 Million Strategic Investment and Placement

Neo Energy MetalsAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260119:nRSS3954Pa&default-theme=true

RNS Number : 3954P  Neo Energy Metals PLC  19 January 2026

 

 

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

 

19 January 2026

Neo Energy Metals plc

("Neo Energy" or "the Company")

£8 Million Strategic Investment and Placement

Neo Energy, the near-term, low-cost uranium developer, is pleased to announce
that it has entered into a strategic funding agreement with a UK-based
investment group, ("Strategic Investor") under which a total investment of up
to £8 million has been agreed to support the Company's strategy and ongoing
implementation assessment work that has commenced to advance the Beisa Uranium
and Gold Project including the Beatrix 4 mine and shaft complex, the
processing plant complex and associated infrastructure ("Beisa Mine") to
production of uranium and gold (the "Investment Agreement").

The Company is pleased to confirm that an initial amount of £1,500,000 has
now been advanced by the Strategic Investor under the Investment Agreement,
through a placement of 166,666,666 new ordinary shares of nominal value
£0.0001 each ("Ordinary Shares") in the capital of the Company at a price of
0.9 pence per share ("Issue Price"). The Company has also completed a placing
of a further 111,111,111 Ordinary Shares at the Issue Price to raise a further
£1,000,000 (together the "Placing" and the "Placing Shares").

CMC Markets UK Plc ("CMC"), trading as CapX, acted as the Company's sole
placing agent in respect of the Placing.

The Issue Price represents a premium of approximately 16.1% to the closing
mid-market price of 0.775 pence per existing Ordinary Share on 16 January
2026, being the latest practicable date prior to the publication of this
Announcement.

Upon receipt by the Company of the regulatory approvals in South Africa for
the acquisition of the Beisa Mine from New York Stock Exchange-listed
Sibanye-Stillwater Limited ("Sibanye-Stillwater"), the Strategic Investor has,
within the 10 days following receipt of those approvals, the right to invest a
further £6.5 million of convertible loan funding. This funding will be priced
at a 10% discount to the 10-day volume-weighted average price following the
receipt of these regulatory approvals and will also carry a coupon of 5%.

Under the terms of the Investment Agreement, the Strategic Investor will also
be entitled to nominate one Non-Executive Director to the Company's Board and
one Board observer, subject to Board approval and maintaining a minimum
shareholding threshold of 5%.

Receipt of these approvals and completion of the Beisa Mine acquisition is
currently anticipated by the Company to take place in Q1 2026.

The Placing proceeds will be used by the Company's Executive Management team
to fund the costs under the 4-phase implementation assessment programme that
is underway and is considered sufficient to fully fund the Company's working
capital requirements through to completion of the Beisa Mine acquisition from
Sibanye-Stillwater.

The Beisa Mine, which has current SAMREC-compliant measured and indicated
resources of 1.2 million ounces of gold and 26.9 million pounds of uranium, is
located in the Witwatersrand Basin, in the Free State Province of South
Africa. Operations commenced at the Beisa Mine in the early 1980s and both
uranium and gold were produced for over 30 years from the Beatrix 4 Shaft
Complex and adjoining processing facilities up until it was placed in care and
maintenance in late 2023.

The first two phases of work under the implementation assessment programme
includes covering site re-establishment, shaft refurbishment initiation,
workforce recruitment engagement, and shaft equipment upgrades assessment,
underground development work review, gold plant recommissioning as well as
uranium circuit design finalisation work.

The Company's Executive Management team and Sibanye-Stillwater 's local team
will be on site later this month as part of this implementation assessment
programme.

The Company continues to work with its corporate and strategic advisors in the
United Kingdom and South Africa, as well as its joint brokers in the United
Kingdom, CMC and Shore Capital Stockbrokers Limited, to ensure that the
Company has the necessary debt, structured finance and equity funding in place
to complete the acquisition of the Beisa Mine once it has received all
outstanding regulatory and shareholder approvals.

In addition to the Investment Agreement, the Company can also confirm that it
has also agreed with a number of its debt providers to repay £1.176 million,
through the issue of 130,693,548 Ordinary Shares also at the Issue Price (the
"Debt Shares').

Neo Energy CEO, Theo Botoulas, Commented:

"Today's financing progress underscores the growing confidence in Neo Energy's
strategy and commodity portfolio. The investment agreement with the strategic
investor, together with the continued backing of our advisors and brokers in
the UK and South Africa, provides a strong platform to accelerate development
at our uranium and gold projects.

With market conditions for our targeted metals remaining robust, gold prices
which rallied significantly in 2025 and have continued to do so in 2026, amid
geopolitical and macroeconomic uncertainty, strong investment demand, central
bank purchases, and the uranium market showing resilience due to disciplined
production, supply constraints, and long-term nuclear energy demand, these
financing initiatives further strengthen the Company's financial footing.

Neo Energy is well positioned to capitalise on favorable market dynamics and
move confidently into its next phase of growth."

Admission

Application has been made for the Placing Shares and Debt Shares to be
admitted to trading on the Main Market of the London Stock Exchange on or
around 21 January 2026 ("Admission") and will rank pari passu with the
ordinary shares of the Company in issue.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise
2,617,585,135 ordinary shares of 0.01 pence each, with each share carrying
the right to one vote, therefore the total number of voting rights in the
Company will be 2,617,585,135. This figure may be used by shareholders as the
denominator for calculations by which they will determine if they are required
to notify their interest in the Company, or a change to their interest in the
Company, under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

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
 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

 

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  IOEAKCBDQBKKCDD



            Copyright 2019 Regulatory News Service, all rights reserved