Update on Publication of Annual Financial Report

Neo Energy Metals plc / LSE: NEO, A2X: NEO / Market: Main Market of the London Stock Exchange

13 February 2026

Neo Energy Metals plc

('Neo Energy' or 'the Company')

Update on Publication of Annual Financial Report and Suspension of Listing

The Board of Neo Energy is pleased to provide an update on the Company's Annual Financial Report for the fiscal year ending 30 September 2025.

After extensive work by our finance team and external auditors, the Board is confident that the Directors will sign the Annual Financial Report during the week of 16 February 2026 and that the report will be formally published within the same week as previously communicated.

Once the Annual Financial Report is published and trading activities resume, we will issue a formal announcement to keep our shareholders fully informed.

We sincerely appreciate our shareholders' patience and understanding during this challenging period and we recognise that delays can impact our shareholders. The Board wishes to assure shareholders that the new management team is actively implementing robust internal controls and processes to prevent similar issues from occurring in the future, thereby fostering greater stability and reliability for both the Company and our valued shareholders.

Enquiries:

Jason Brewer, Executive Chairman [email protected]

Theo Botoulas, Chief Executive Officer

[email protected]

Frederik Brand, Head Governance and Legal

[email protected]

Michelle Krastanov, Corporate Advisor - AcaciaCap Advisors

[email protected]

Notes:This announcement contains information which is considered to be inside information for the purposes of the UK Market Abuse Regulation. The person responsible for arranging the release of this announcement on behalf of the Company is Jason Brewer, Executive Chairman

ENDS

About NEO Energy Metals Plc

Neo Energy Metals plc is a Uranium developer and mining company listed on the main market of the London Stock Exchange (LSE: NEO).

The company and its South African Subsidiaries, namely Neo Uranium Resources Beisa Mine (Pty) Limited and Neo Uranium Resources South Africa (Pty) Ltd have continued to strengthen the uranium portfolio through conditional agreements for the acquisitions of; 100% interest in the Beisa North and Beisa South Uranium and Gold Projects and 100% interest in the Beatrix 4 mine and shaft complex, the processing plant complex and associated infrastructure in the Witwatersrand Basin, located in the Free State Province of South Africa. The combined projects total SAMREC Code compliant resource base comprises, 117 million pounds of U₃O₈ and over 5 million ounces of gold.

Additionally, the Company holds up to a 70% stake in the Henkries Uranium Project, an advanced, low-cost mine located in South Africa's Northern Cape Province and a 100% interest in the Henkries South Uranium Project, extending the Henkries Project's strike length by 10km to a total of 46km of shallow paleo-channels proven to host uranium mineralisation through extensive drilling and feasibility studies backed by US$30 million in historic exploration and development expenditure.

The Company is led by a proven board and management team with experience in uranium and mineral project development in Southern Africa. Neo Energy's strategy focuses on an accelerated development and production approach to generate cash flow from Henkries while planning for long-term exploration and portfolio growth in the highly prospective Uranium district of Africa.

The Company's shares are also listed on the A2X Markets (A2X: NEO), an independent South African stock exchange, to expand its investor base and facilitate strategic acquisitions of uranium projects, particularly within South Africa.