Draft:NEO Energy Metals
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| Company type | Public Limited Company |
|---|---|
| LSE: NEO A2X: NEO | |
| Industry | Mining |
| Founded | 2015 |
| Headquarters | , Kenya |
Area served | South Africa |
Key people | Sean Heathcote (CEO) Jason Brewer (Chairman) Quinton Van Der Burgh (Executive Director) |
| Products | Uranium Gold |
| Total assets |  £5.1 million (2024) |
Number of employees | < 10 (2024) |
| Subsidiaries | Neo Uranium Resources South Africa (Pty) Ltd (NURSA) Neo Uranium Resources Beisa Mine (Pty) Ltd (NURB) |
| Website | neoenergymetals.com |
Neo Energy Metals
[edit]Neo Energy Metals is a mining explorer and developer focused on acquiring uranium projects[1] in South Africa. The company is based in Kenya, and is a dual-listed company on the Main Market of the London Stock Exchange (LSE) and A2X Markets with ticker symbol NEO.
History
[edit]Neo Energy Metals was founded in 2015 under the name Stanger Holdings and is headquartered in Nairobi, Kenya. In November 2023 the company completed a Reverse Take-Over for 70% of the Henkries Uranium project and changed its name to Neo Energy Metals, listing on the LSE for £15million[2]. In February 2024, Neo Energy Metals listed on the A2X Markets as well. The Henkries Uranium project contains an estimated 4.7million lbs of Uranium[3].
In September 2024, the company, through its wholly owned subsidiary (NURB), acquired a 100% interest in the Beisa North and Beisa South projects from Sunshine Mineral Reserves. These projects contained 90.24million lbs of Uranium (U₃O₈) and 4.17million ounces of Gold resource[4].
In October 2024, the company, through its wholly owned subsidiary (NURSA), acquired a 100% interest in the Henkries South Project from Eagle Uranium SA (Pty) Ltd. Surface Uranium mineralisation has been discovered through studies but a resource estimate is yet to be known.
In December 2024, the company, through its wholly owned subsidiary (NURB), acquired a 100% interest in the Beisa Central project from Sibanye-Stillwater. This acquisition included the Beatrix 4 mine and shaft complex, as well as 26.9million lbs of Uranium (U₃O₈) and 1.2million ounces of Gold resource. In addition to the sale of the mine, Sibanye-Stillwater acquired a 40% stake in Neo Energy Metals [5].
Developments
[edit]NEO Energy Metals has several developments across South Africa, including:
- Henkries Uranium Project [6]
- Beisa North and Beisa South Projects [7]
- Henkries South Project [8]
- Beisa Central Project (including the Beatrix 4 mine and shaft complex)[9]
As of December 2024, NEO Energy Metals Ltd, across the above developments, has acquired a total inferred resource of 121.84million lbs of Uranium and 5.37million Ounces of Gold resources.
External Links
[edit]
References
[edit]- ^ Watson-Mitchell, Mark (August 23, 2024). "Neo Energy Metals – Immediate Low-Cost Exposure To The Uranium Sector, Shares Predicted To Rise Nearly Twenty-Fold". UK Investor Magazine.
{{cite web}}: CS1 maint: url-status (link) - ^ Haill, Oliver (November 9, 2023). "Uranium explorer Neo Energy Metals says now is opportune time for IPO". Proactive Investors.
{{cite web}}: CS1 maint: url-status (link) - ^ Writer, Staff (November 9, 2023). "Neo Energy Metals stock falls in London debut despite strong uranium market". Minning.com.
{{cite web}}: CS1 maint: url-status (link) - ^ Writer, Staff (August 13, 2024). "Neo Energy to acquire two South African uranium, gold projects". Mining Technology.
{{cite web}}: CS1 maint: url-status (link) - ^ Matthews, Charlotte (December 10, 2024). "Sibanye-Stillwater sells Beatrix 4 and Beisa project but retains uranium exposure". Mining mx.
{{cite web}}: CS1 maint: url-status (link) - ^ Parker, Darren (October 25, 2024). "Neo Energy says paperwork for Henkries South acquisition will be completed by month-end". Minning Weekly.
{{cite web}}: CS1 maint: url-status (link) - ^ de Bruyn, Chanel (August 13, 2024). "Neo Energy Metals to acquire two uranium, gold projects in South Africa's Witwatersrand basin". Minning Weekly.
{{cite web}}: CS1 maint: url-status (link) - ^ writer, Abm (October 25, 2024). "Neo Energy Metals (LON:NEO) Update on Henkries South Acquisition & Share Issue". Share-talk.
{{cite web}}: CS1 maint: url-status (link) - ^ Parker, Darren (December 9, 2024). "Neo Energy acquires Sibanye-Stillwater's Beatrix 4 shaft, including the Beisa uranium project". Minning Weekly.
{{cite web}}: CS1 maint: url-status (link)