Neo Energy Metals | Drill | Acquisitions | Debt Funding | Production Plans [Video]

Jason Brewer, Chairman of Neo Energy, provides further updates on ongoing activities.

Neo Energy Metals, a uranium mining company listed on the London Stock Exchange, has acquired the Henkries South Uranium Project in South Africa’s Northern Cape Province.

This acquisition expands the company’s existing Henkries Project by 1,050 km², bringing its total landholding to nearly 1,800 km². The Henkries South site contains several uranium-rich anomalies and shallow deposits, which are expected to complement Neo Energy’s current resource base.

The purchase follows the company’s recent acquisitions of the Beisa North and Beisa South Uranium and Gold Projects, as part of its strategy to establish itself as a leading uranium producer in Africa. Under the terms of the deal with Eagle Uranium SA, Neo Energy will issue shares to finance the acquisition, pending regulatory approval anticipated in October 2024.

This move significantly bolsters Neo Energy’s uranium portfolio and enhances its near-term production …