Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Stranger Holdings ( (GB:NEO) ) has shared an update.
Neo Energy Metals plc has received key regulatory approvals from the South African Reserve Bank for its acquisition of the Beisa Uranium Project from Sibanye-Stillwater Limited. This approval includes a ZAR 1.2 billion shareholder loan facility for working capital, facilitating the inflow of funds into South Africa. The transaction will see Sibanye-Stillwater become the largest shareholder in Neo Energy, holding approximately 40% of the company. The acquisition includes significant uranium and gold resources and is expected to complete in the second half of 2025, marking a significant step in Neo Energy’s strategic development plans.
More about Stranger Holdings
Neo Energy Metals plc is a uranium developer and mining company listed on the London Stock Exchange. The company focuses on strengthening its uranium portfolio through acquisitions in South Africa, including the Beisa North and South Uranium and Gold Projects and the Beatrix 4 mine. Neo Energy also holds a significant stake in the Henkries Uranium Project, aiming for accelerated development and production to generate cash flow while planning for long-term growth in Africa’s uranium district.
Technical Sentiment Signal: Sell
Current Market Cap: £10.16M
See more data about NEO stock on TipRanks’ Stock Analysis page.