REG - Neo Energy Metals - Neo Announces Appointment of CFO

Neo Energy MetalsAnnouncement

20/09/2024 12:30

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RNS Number : 0853F  Neo Energy Metals PLC  20 September 2024

Neo Energy Metals plc / LSE: NEO, A2X: NEO / Market: Main Market of the London
Stock Exchange

 

20 September 2024

Neo Energy Metals plc

('Neo Energy' or 'the Company')

 

Appointment of new Chief Financial Officer

 

Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased
to announce the appointment of Mr Andrew Searle as the Company's new Chief
Financial Officer.

 

Mr Searle is a highly experienced accountant and business consultant with over
30-years' experience in accounting, taxation and financial reporting with
major United kingdom {'UK') and European accountancy firms for both publicly
listed and private companies across a broad spectrum of industries including
mining companies in Africa. In addition, Mr Searle has provided in house
corporate advisory and financial management services for a number of
'blue-chip' companies including BAT Plc and Reuters Plc as well as for a
number of high-growth start-ups and small to mid-tier listed companies in the
UK.

 

The appointment of a new Chief Financial Officer is part of the Company's
focus on ensuring it has the necessary in-house resources to ensure it is able
to not only deliver on its planned development of the Henkries Uranium Project
in South Africa, but also on its broader growth strategy in the uranium
sector. This growth strategy has been most recently demonstrated with the
acquisition of the Beisa North and Beisa South Uranium Projects, as announced
on 13 August 2024, and which also includes a number of additional proposed
acquisitions that are also being finalised by the Company's executive
management team and corporate advisors.

 

Mr Searle, who will be based in the United Kingdom, will report to the
Company's Executive Chairman and Chief Executive Officer.

 

The position of Chief Financial Officer is a non-Board position.

 

Jason Brewer, Neo Energy Metals Executive Chairman said:

 

"I am pleased to confirm the appointment of Andrew Searle as Neo's new Chief
Financial Officer.

 

Andrew brings tremendous experience not just from the accounting and financial
management side but also from a corporate advisory perspective, which will be
invaluable for us as we continue to look to grow our business in South
Africa's uranium sector and seek to establish Neo as one of Africa's major
uranium mine operators and mine development companies.

 

The Neo Team all look forward to working closely with Andrew in the coming
months and years with the delivery of our corporate strategy and at the outset
to assist in the finalisation of the acquisition of the Beisa North and Beisa
South Uranium Projects as well as the two additional mine and project
acquisitions that are currently underway."

 

The Directors of the Company are responsible for the contents of this
announcement.

 

 

ENDS

 

About NEO Energy Metals Plc

Neo Energy is a Uranium developer and mining company listed on the main market
of the London Stock Exchange (LSE: NEO). The Company holds up to a 70% stake
in the Henkries Uranium Project, an advanced, low-cost mine located in South
Africa's Northern Cape Province. It has been estimated by some that the
historical investment in the project was over US$30 million in exploration and
feasibility studies. Neo Energy aims to increase the project's mineral
resources and complete an updated feasibility study with the aim of bringing
Henkries into production in the shortest possible timeframe.

 

The Company also holds a 100% interest in the Beisa North and Beisa South
Uranium and Gold Projects in the Witwatersrand Basin, located in the Free
State Province of South Africa. The combined projects record a total SAMREC
Code compliant resources of 90.24 million pounds ('Mlbs') of U₃O₈ and 4.17
million ounces ('Mozs') of gold.

 

The Company is led by a proven board and management team with experience in
uranium and mineral project development in Southern Africa. Neo Energy's
strategy focuses on an accelerated development and production approach to
generate cash flow from Henkries while planning for long-term exploration and
portfolio growth in the highly prospective Uranium district of Africa.

 

The Company's shares are also listed on the A2X Markets (A2X: NEO), an
independent South African stock exchange, to enable the Company to expand its
investor base and facilitate strategic acquisitions of uranium projects,
particularly within South Africa.

 

For Enquiries Contact:

 

 Sean Heathcote              Chief Executive Officer  sean@neoenergymetals.com

 Jason Brewer                Executive Chairman       jason@neoenergymetals.com

 Faith Kinyanjui Mumbi       Investor Relations       faith@neoenergymetals.com

 Tel: +44 (0) 20 7236 1177

 Tel: +44 (0) 77 1242 4838

 

 Michelle Krastanov          Corporate Advisor - AcaciaCap Advisors  michelle@acaciacap.co.za

 Tel: +27 (0) 11 480 8500

 

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