NEO to Complete Fast-Track Listing on the JSE

Neo Energy, the near-term, low-cost uranium developer, is pleased to announce that it is progressing a Fast Track Secondary Listing on the Johannesburg Stock Exchange (JSE), Africa's leading stock exchange.

The move is part of the Company's broader growth and capital markets strategy to enhance liquidity, broaden its shareholder base, and increase visibility amongst African and international investors. The listing will also position Neo Energy more strategically as it advances its uranium projects in Southern Africa.

Neo Energy intends to leverage the fast-track listing route available to companies already listed on the London Stock Exchange. The Company has engaged experienced advisors in South Africa to expedite the listing process, with completion targeted for Q3 2025.

The JSE is the largest and most liquid stock exchange on the African continent, and is home to both local and global companies. The JSE has an average daily traded value over ZAR23 billion (c. GBP 1 billion) and operates on a solid foundation of liquid, robust and well-regulated markets.

It has 50 listed mining companies, of which 33 are dual listed. The basic material sector on the JSE has a market capitalisation of over ZAR5 trillion, which represents 32% of the overall JSE market capitalisation.

Neo Energy Metals Chief Executive Officer Theo Botoulas said:

"Listing on the JSE marks a significant step for Neo Energy as we continue to align ourselves with key African capital markets. The fast-track listing will not only enhance our exposure to South African institutional and retail investors but also strengthen our positioning as we advance our uranium development plans on the continent".