Neo Energy Metals plc has announced that the temporary suspension of its shares on the London Stock Exchange is expected to be lifted shortly, following the completion and publication of its annual accounts for the year ended 30 September 2024.
The company added that its interim results for the six months to 31 March 2025 will be released within five days of the annual report.
Neo Energy is also progressing its planned secondary listing on the Johannesburg Stock Exchange (JSE), part of a broader strategy to strengthen its presence in key African mining markets.
Regulatory approval is pending from South Africa’s Department of Mineral Resources and Energy for the company’s proposed acquisitions of the Beisa Uranium Project and the Beatrix 4 mine, which together contain an estimated 117 million pounds of U₃O₈ and more than 5 million ounces of gold.
The company said these transformational acquisitions are expected to significantly re-rate Neo Energy’s valuation once trading resumes, positioning it as a major emerging player in both the uranium and gold sectors.
For enquiries contact:
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KENYA |
SOUTH AFRICA |
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Jason Brewer – Executive Chairman
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Theo Botoulas – Chief Executive Officer |
