Stranger Holdings (GB:NEO) has released an update.
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Neo Energy Metals PLC is on track to complete the acquisition of the Beisa North and Beisa South Uranium and Gold Projects in South Africa ahead of schedule, with formal documentation and regulatory approvals expected to be finalized by September 30, 2024. The acquisition includes substantial SAMREC Code compliant resources, and the company is actively engaging with B-BBEE groups to promote economic participation and sustainable employment in accordance with South African legislation. This strategic move is aimed at accelerating production and cash flow from its existing projects while exploring long-term growth opportunities in the African uranium sector.
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