Further Update on Annual Financial Report

Neo Energy Metals PLC

20 February 2026

 

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

20 February 2026

Neo Energy Metals plc

('Neo Energy' or 'the Company')

Update on Publication of Annual Financial Report and Suspension of Listing

The Company is pleased to provide an update on the Company's Annual Financial Report for the fiscal year ended 30 September 2025.

Following further engagement with the Company's external auditors, the Company has been informed that the audit process will not be finalised in time to publish the Annual Financial Report during the week of 16 February 2026, as previously communicated.

Consequently, the Company now expects that the Annual Financial Report will be released during the week commencing 23 February 2026, pending the completion of the auditors' internal review and final audit clearance.

The Board recognises the importance of timely financial reporting and sincerely apologises to shareholders for the need to change the anticipated publication date. This revised schedule is beyond the Company's control and follows notification from the external auditors regarding the additional time required to complete the audit and related internal processes.

The Company will keep shareholders informed and will issue a further announcement once the Annual Financial Report has been published and, where applicable, when trading will resume.

The Board would like to express its sincere appreciation for the patience and understanding shown by shareholders during this challenging time. The new management team is dedicated to establishing strong internal controls and processes, which will include several significant changes. These efforts aim to prevent future issues and enhance stability and reliability moving forward.

Enquiries: 

Jason Brewer, Executive Chairman
[e-mail]

Theo Botoulas, Chief Executive Officer

[e-mail]

Frederik Brand, Head Governance and Legal

[e-mail]

Michelle Krastanov, Corporate Advisor - AcaciaCap Advisors

[e-mail]

Notes:

This announcement contains information which is considered to be inside information for the purposes of the UK Market Abuse Regulation. The person responsible for arranging the release of this announcement on behalf of the Company is Jason Brewer, Executive Chairman

ENDS

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.  A separate agreement, to be renegotiated, was concluded for 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.

 

END