Neo Energy Metals becomes the first uranium "pure exploration play" on the LSE main board
London, UK
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November 13, 2023 06:51 AM Eastern Standard Time
Neo Energy Metals (LSE:NEO) CEO Sean Heathcote speaks to Thomas Warner from Proactive London after the company became the "first pure exploration play" for uranium to list on the London Stock Exchange's main board.
Heathcote describes the uranium market as the strongest in three decades before going on to give an overview of its flagship project, the Henkries Project in South Africa.
The company boasts 4.7 million pounds of shallow uranium deposits, with potential for rapid production expansion due to ease of mining and processing, backed by extensive pilot plant testing and trial mining.
Heathcote underscores the strategic plan to bolster the project's sustainability through renewable energy integration, leveraging the site's proximity to the Orange River for potential hydropower generation.
He goes on to detail next steps for Neo Energy Metals, aiming to augment the deposit size significantly, potentially adding up to 2 million pounds from unanalyzed surface samples and targeting a 10 million pound uranium resource through further drilling.
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Proactive UK Ltd
Proactive UK Ltd
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