Delay in Publication of Annual Report and Accounts

Neo Energy Metals plc, the near-term, low-cost uranium developer, provides the following update on the Company's audited annual financial statements for the financial year ended 30 September 2025 ("FY2025 Results").

Following the lifting of the Company's suspension on 5 December 2025, the Board and management team have focused on restoring the Company's reporting timetable and strengthening alignment with applicable governance, legislative, and regulatory requirements.

The audit of the FY2025 Results commenced on 18 December 2025. The management team and the Company's external auditors worked continuously through the festive period to meet the Company's target timeline for publication of the FY2025 Results to the market.

The Company confirms that an Audit Committee meeting was held on 29 January 2026, at which the audited annual financial statements were reviewed and approved.

The Company auditors in London is in the last stages of their audit review which should be concluded in the next 2 weeks should no material matters arise. While this process may take some additional time to finalise, the Company remains committed to publishing the FY2025 Results during the month of February 2026.

As a result, the Company listing will be suspended effectively Monday, 2 February 2026 at 7:30am

The Company will then proceed and publish the overdue financial statements and then apply to the FCA for the listing to be restored.

In light of this unfortunate situation, the Company is committed to keeping our shareholders informed during the suspension period.

Therefore, we will take the following actions:

• Provide weekly RNS updates, or more frequently if there are significant changes to the timetable.
• Issue an immediate update if the expected publication date is postponed. The Company will take the necessary steps to apply for the reinstatement or lifting of the suspension immediately after publishing the audited accounts.