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."

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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.

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