1st Jul 2025 15:31
(Alliance News) - Uranium project developer Neo Energy Metals PLC on Monday said it will move towards a fast-track listing on the Johannesburg Stock Exchange.
Neo Energy said the move is part of its aim 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 said.
"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."
Neo Energy noted the JSE has around 50 listed miners, with the basic material sector accounting for about a third of the exchange's market capitalisation.
Neo Energy 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."
Shares in the company have been suspended in London since the start of February amid a delay to annual accounts.
By Eric Cunha, Alliance News news editor
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