Neo Energy Metals plc (LSE:NEO) has provided an update on its plans to finance the proposed acquisition of the Beisa Uranium and Gold Project in South Africa, confirming it is actively working with financial advisers to secure the required funding. The company is targeting completion of the transaction by the first quarter of 2026.
Management highlighted that support from its major shareholder, Sibanye-Stillwater, together with improving market fundamentals for both uranium and gold, is expected to play a key role in underpinning the funding strategy. These factors are seen as enhancing investor confidence as the company advances the acquisition process.
In parallel, Neo Energy Metals is in discussions regarding supplementary financing options aimed at supporting operational readiness and future production activities. The company remains optimistic about the long-term prospects of its uranium and gold assets and believes the planned funding arrangements will position it well for the next phase of development.
More about Neo Energy Metals
Neo Energy Metals plc is a uranium development and mining company listed on the Main Market of the London Stock Exchange. The group is focused on expanding its uranium asset base through acquisitions in South Africa, including the Beisa North and Beisa South Uranium and Gold Projects, and holds a significant interest in the Beatrix 4 mine and shaft complex.
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