Comment: All your sources are WP:ORGTRIV qcne (talk) 17:02, 25 December 2024 (UTC)
| Type | Public Limited Company |
|---|---|
| LSE: NEO A2X: NEO | |
| Industry | Mining |
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) |
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
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
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.
References
- 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.
- Haill, Oliver (November 9, 2023). "Uranium explorer Neo Energy Metals says now is opportune time for IPO". Proactive Investors.
- Writer, Staff (November 9, 2023). "Neo Energy Metals stock falls in London debut despite strong uranium market". Minning.com.
- Writer, Staff (August 13, 2024). "Neo Energy to acquire two South African uranium, gold projects". Mining Technology.
- Matthews, Charlotte (December 10, 2024). "Sibanye-Stillwater sells Beatrix 4 and Beisa project but retains uranium exposure". Mining mx.
- Parker, Darren (October 25, 2024). "Neo Energy says paperwork for Henkries South acquisition will be completed by month-end". Minning Weekly.
- de Bruyn, Chanel (August 13, 2024). "Neo Energy Metals to acquire two uranium, gold projects in South Africa's Witwatersrand basin". Minning Weekly.
- writer, Abm (October 25, 2024). "Neo Energy Metals (LON:NEO) Update on Henkries South Acquisition & Share Issue". Share-talk.
- Parker, Darren (December 9, 2024). "Neo Energy acquires Sibanye-Stillwater's Beatrix 4 shaft, including the Beisa uranium project". Minning Weekly.