Neo Energy Metals plc (LON: NEO, A2X: NEO) has outlined its funding strategy for the planned acquisition of the Beisa Uranium and Gold Project, which it expects to complete in the first quarter of 2026.
The company said it is confident of securing sufficient funding through 2026 and 2027, citing the project’s advanced status, established infrastructure, defined resource base, and supportive uranium and gold market conditions. It also highlighted the backing of a multi-billion-dollar shareholder as a key strength.
Advisers are currently working to secure up to US$25 million of investment, potentially through a royalty or streaming structure. In parallel, Neo Energy is in discussions to raise up to £3 million via convertible notes, with a further £900,000 available under an existing loan facility.
Once the acquisition completes, Sibanye-Stillwater is expected to become Neo Energy’s largest shareholder, holding between 30% and 40% of the company, and bringing substantial financial and operational resources to support the project’s development.
For enquiries contact:
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KENYA |
SOUTH AFRICA |
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Jason Brewer – Executive Chairman |
Theo Botoulas – Chief Executive Officer |
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Faith Kinyanjui – Investor Relations faith@neoenergymetals.com
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Michelle Krastanov – Corporate Advisor – AcaciaCap Advisors Tel: +27 (0) 11 480 8500 |
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James Duncan – Media Relations Tel: +27 (0) 79 336 4010 |
