Delay in Publication of Annual Report and Accounts
Summary by AI BETAClose X
Neo Energy Metals plc / LSE: NEO, A2X: NEO / Market: Main Market of the London Stock Exchange
2 February 2026
Neo Energy Metals plc
('Neo Energy' or 'the Company')
Delay in Publication of Annual Report and Annual Accounts
Neo Energy Metals plc, the near-term, low-cost uranium developer, provides the following update on the Company's audited annual financial statements for the financial year ended 30 September 2025 ("FY2025 Results").
Following the lifting of the Company's suspension on 5 December 2025, the Board and management team have focused on restoring the Company's reporting timetable and strengthening alignment with applicable governance, legislative, and regulatory requirements.
The audit of the FY2025 Results commenced on 18 December 2025. The management team and the Company's external auditors worked continuously through the festive period to meet the Company's target timeline for publication of the FY2025 Results to the market.
The Company confirms that an Audit Committee meeting was held on 29 January 2026, at which the audited annual financial statements were reviewed and approved.
The Company auditors in London is in the last stages of their audit review which should be concluded in the next 2 weeks should no material matters arise. While this process may take some additional time to finalise, the Company remains committed to publishing the FY2025 Results during the month of February 2026.
As a result, the Company listing will be suspended effectively Monday, 2 February 2026 at 7:30am
The Company will then proceed and publish the overdue financial statements and then apply to the FCA for the listing to be restored.
In light of this unfortunate situation, the Company is committed to keeping our shareholders informed during the suspension period.
Therefore, we will take the following actions:
1. Provide weekly RNS updates, or more frequently if there are significant changes to the timetable.
2. Issue an immediate update if the expected publication date is postponed. The Company will take the necessary steps to apply for the reinstatement or lifting of the suspension immediately after publishing the audited accounts.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation, and the Directors of the Company are responsible for the release of this announcement.
END
About NEO Energy Metals Plc
Neo Energy Metals plc is a Uranium developer and mining company listed on the main market of the London Stock Exchange (LSE: NEO).
The company and its South African Subsidiaries, namely Neo Uranium Resources Beisa Mine (Pty) Limited and Neo Uranium Resources South Africa (Pty) Ltd have continued to strengthen the uranium portfolio through conditional agreements for the acquisitions of; 100% interest in the Beisa North and Beisa South Uranium and Gold Projects and 100% interest in the Beatrix 4 mine and shaft complex, the processing plant complex and associated infrastructure in the Witwatersrand Basin, located in the Free State Province of South Africa. The combined projects total SAMREC Code compliant resource base comprises, 117 million pounds of U₃O₈ and over 5 million ounces of gold.
Additionally, 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 and a 100% interest in the Henkries South Uranium Project, extending the Henkries Project's strike length by 10km to a total of 46km of shallow paleo-channels proven to host uranium mineralisation through extensive drilling and feasibility studies backed by US$30 million in historic exploration and development expenditure.
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 expand its investor base and facilitate strategic acquisitions of uranium projects, particularly within South Africa.
For Enquiries Contact:
|
Jason Brewer |
Executive Chairman |
jason@neoenergymetals.com |
|
Theo Botoulas |
Chief Executive Officer |
|
|
Faith Kinyanjui |
Investor Relations |
faith@neoenergymetals.com |
|
Michelle Krastanov
|
Corporate Advisor - AcaciaCap Advisors |
michelle@acaciacap.co.za |
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