Neo Energy Metals Issues Equity to Advance Uranium Projects and Strengthen Capital Position

 

Neo Energy Metals plc (LSE:NEO) has issued 179,977,808 ordinary shares to its non-executive directors and service providers, who have chosen to receive compensation in equity rather than cash. This strategic decision is designed to bolster the company’s working capital and support ongoing acquisition efforts, particularly in South Africa.

The new shares are set to be admitted for trading on the London Stock Exchange, raising Neo Energy’s total voting rights to over 2.17 billion. This equity issuance aligns with the company’s broader growth strategy, reinforcing its commitment to expanding its footprint in the uranium sector through key projects like Beisa and Henkries.

About Neo Energy Metals

Neo Energy Metals plc is a uranium-focused exploration and development company listed on the London Stock Exchange. With a strategic emphasis on South Africa, the company is advancing a portfolio of uranium and gold assets, including the Beisa North and South projects and the Henkries Uranium Project.

Neo Energy’s mission is to fast-track these assets toward production and generate near-term cash flow, while also planning for long-term exploration and growth in some of Africa’s most resource-rich regions.

• Technical Sentiment: Sell

• Current Market Capitalization: £10.16 million

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