Neo Energy Metals plc / EPIC: NEO / Market: Main Market of the London Stock Exchange
25 March 2024
Neo Energy Metals plc
('Neo Energy' or 'the Company')
Jason Brewer Appointed Execuve Chairman
Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased to announce that Non-Execuve Chairman Jason Brewer has been appointed Execuve Chairman with immediate effect.
Mr. Brewer's move to an execuve role is to support the Company's Chief Execuve, Sean Heathcote, in delivering on the accelerated development plans of the Henkries Uranium Project ("Henkries") and expanding the company's uranium interests around Henkries and throughout Southern Africa.
Mr Brewer has significant experience and experse in the internaonal mining sector, having worked for almost 30 years in internaonal mining, financial markets, and investment banking. This includes holding senior execuve posions with a number of major global investment banks, including Dresdner Kleinwort Benson, NM Rothschild & Sons and Investec and with listed fund management companies focused on the mining and metals sector. He is the co-founder of Gathoni Muchai Investments Limited, an acve African focused private equity-style mining investment company, CEO of London listed Marula Mining plc, and a director of Shuka Minerals plc and Unicorn Mineral Resources plc. Mr Brewer is also the founder of the Mayflower Childrens Foundaon, an organisaon that aims to improve the educaon, health, and wellbeing of African children through a variety of charitable programmes.
Neo Energy CEO Sean Heathcote said, "Jason is part and parcel of Neo Energy's journey, and I am delighted that he has agreed to become Execuve Chairman. His extensive experience and dedicaon to what Neo Energy is striving to achieve makes it a logical move and Jason's leadership is instrumental in driving our growth and achieving our goals in this dynamic market. I look forward to working more closely with Jason as we push forward on our strategy to become an important supplier to the fast-growing uranium sector.
"Having set ambious targets focused on advancing our low-cost Henkries uranium project in South Africa towards a 2-year producon plan, we eagerly ancipate sharing regular updates on the company's progress over the coming months. With experienced leadership and our team's commitment, we are confident in Neo Energy Metals' ability to deliver value to our stakeholders and contribute significantly to the uranium industry."
ENDS
Sean Heathcote | CEO | sean@neoenergymetals.com |
Neo Energy Metals plc | ||
Isabel de Salis / Paul Dulieu / | Financial PR | neo@stbridespartners.co.uk |
Isabelle Morris | St Brides Partners Ltd | |
Notes |
Neo Energy Metals plc aims to become an important supplier to the fast-growing uranium sector. Its inial focus is on its 70% owned Henkries Uranium Project, an advanced, low-cost uranium project in the Northern Cape Province of South Africa with a clear pathway to producon. +US$30m of historical exploraon, drilling, test ping and mining, metallurgical test-work and pilot plant work has been undertaken at the Project, culminang in a published feasibility study.
Headquartered in Nairobi, Kenya, Neo Energy is now focused on increasing the mineral resources at Henkries from the current esmated 4.7 million pounds of uranium, (which is highly probable as less than 10% of prospecve ground is fully tested), and compleng an updated feasibility study ahead of reaching a development decision by November 2025.
Led by a proven board and management team with uranium and other mineral project development experience in Southern Africa, Neo Energy's strategy is layered on a two-year development approach to generate cashflow from Henkries with a view towards building a longer term exploraon and porolio growth strategy to develop the highly prospecve Northern Cape Region of South Africa and, potenally, broader regional expansion into energy metal property holdings globally.
The team includes:
• Jason Brewer, Execuve Chairman: c.30 years' experience in internaonal mining, financial markets, and investment banking with a parcular focus in Africa.
• Sean Heathcote, CEO: +30 years' experience in the mining and exploraon industry in Africa across a broad range of commodies.
• Jackline Muchai, Non-Execuve Director: one of the few Kenyan women serving on a board within London's Main Market on the London Stock Exchange, and CEO of Gathoni Muchai Investments.
• James Longley, Non-Execuve Director: +30 years' experience in finance, whose career has been focused on venture capital, private equity and building growth companies.
• Charles Tatnall, Non-Execuve Director: a seasoned advisor and fundraiser, specialising in small and medium-sized enterprises across diverse industries.
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Neo Energy Metals plc published this content on 25 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2024 12:52:03 UTC.