Neo Energy Metals (NEO) investor relations material

Executive summary

• Completed a reverse takeover (RTO) of Neo Uranium Resources South Africa, transforming from a cash shell to an operational uranium and gold exploration group with major South African assets.

• Raised £4.9 million through a placing and subscription, with further £0.5 million via private placement.

• Secured conditional agreements for major acquisitions: Beisa North/South Uranium & Gold Projects, Beisa Uranium and Gold Mine (Beatrix 4 complex), and Henkries South Uranium Project.

• Secondary listing completed on A2X Markets in South Africa; progressing towards a Johannesburg Stock Exchange (JSE) listing.

• Significant board and management changes, including new CEO and executive roles.

Financial highlights

• Group loss after tax: £6.83 million (2023: £2.3k profit), driven by a £6.1 million reverse acquisition expense.

• Net liabilities: £0.30 million (2023: £0.01 million); total assets: £18.4 million (2023: £0.48 million).

• Cash and cash equivalents: £2,585 (2023: £2,304).

• Loss per share: 0.6p (2023: 0.00p).

• Exploration expenses capitalised: €8.13 million (2023: €2,042).

• Share capital increased to £147,913; share premium to £8.66 million.

Outlook and guidance

• Focused on advancing uranium and gold projects in South Africa, with accelerated development at Henkries and Beisa.

• Plans to generate cash flow from Henkries while expanding exploration and portfolio growth.

• Ongoing efforts to secure regulatory approvals and complete pending acquisitions.

• Additional funding required within 12 months to meet liabilities; directors confident of raising finance.