REG - Neo Energy Metals - Further Update on Annual Financial Report

Neo Energy MetalsAnnouncement

20/02/2026 18:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260220:nRST9114Ta&default-theme=true

RNS Number : 9114T  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
jason@neoenergymetals.com (mailto:jason@neoenergymetals.com)

 

Theo Botoulas, Chief Executive Officer

theo@neoenergymetals.com (mailto:theo@neoenergymetals.com)

 

Frederik Brand, Head Governance and Legal

frederik@neoenergymetals.com (mailto:frederik@neoenergymetals.com)

 

Michelle Krastanov, Corporate Advisor - AcaciaCap Advisors

michelle@acaciacap.co.za (mailto:michelle@acaciacap.co.za)

 
 

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  SUSPPUMUPUPQGRU



            Copyright 2019 Regulatory News Service, all rights reserved