Shore Capital Appointed as New Corporate Broker

Neo Energy Metals plc ('Neo Energy' or the 'Company'), the near term, low-cost uranium developer, is pleased to announce the appointment of Shore Capital Stockbrokers Limited ("Shore Capital") as its corporate broker.

Shore Capital will work alongside the Company's recently appointed strategic and financial adviser Bacchus Capital Advisers Limited ("Bacchus Capital").

Neo Energy Metals Executive Chairman, Jason Brewer said:

"We are pleased to announce the appointment of Shore Capital as our corporate broker, marking a significant milestone for NEO.

The Board is confident that the appointment of both Shore Capital and Bacchus Capital will greatly assist the Company as it looks to deliver on its strategy to establish itself as South Africa's leading uranium mining company with the recommencement of mining at the Beatrix 4 Shaft Complex and Beisa Uranium-Gold Mine located in the world-class Witwatersrand Basin in the Free State Province of South Africa.

Both Shore Capital and Bacchus Capital will be conducting a site visit to the Beatrix 4 Shaft Complex as well as the Beisa Uranium Mine later this week as part of their ongoing assessment and engagement with the project. The visit aims to provide firsthand insights into the site's operations and potential development opportunities.

With their deep expertise in capital markets and strategic advisory, Shore Capital brings a wealth of knowledge that will enhance our ability to navigate market dynamics and unlock new growth opportunities. Shore Capital will be an integral partner in our journey toward delivering long-term value to shareholders and solidifying our position as a leader in the industry."

About Shore Capital

Shore Capital is an independent UK investment bank offering institutional and corporate clients leading Corporate Advisory & Broking, Research, Equity Sales, Investment Funds, Fixed Income, Execution and Market Making services.