Neo Appoints Scott Stout as Chief Revenue Officer

(NASDAQ:NEO) Neo announced the appointment of Scott Stout as Chief Revenue Officer. Scott Stout will lead Neo’s global revenue strategy, overseeing sales and channel partnerships as the company expands adoption of its agentic software security platform. Stout brings over two decades of cybersecurity experience, having previously served as Chief Revenue Officer of Cisco Security and spent 10 years at Palo Alto Networks. He has also held leadership positions at Halcyon, Deep Instinct, Imperva, and Forcepoint. At Neo, Stout will focus on growing the company’s sales team and developing routes to market to meet enterprise demand for agentic software security. Nick Warner, CEO and co-founder of Neo, stated that Scott’s experience building global teams and partner ecosystems will help Neo meet the growing demand for security capabilities as enterprises adopt AI agents and agentic software. Neo emerged from stealth in July with $100 million in funding to help enterprises identify agentic capabilities within their IT environments, understand associated risks, attribute actions, and enforce policy in real time. The Neo platform addresses AI agents, AI-enabled applications, browsers, plugins, and traditional software as these tools gain the ability to act on behalf of users. Stout expressed enthusiasm about joining Neo and working with Nick Warner and the team to grow customer relationships and the partner network, helping enterprises adopt agentic software securely. Neo is described as the Agentic Software Control company built for modern AI-driven enterprises. The Neo platform provides SecOps teams with inventory, intelligence, attribution, and policy control to govern agentic software across AI agents, AI-enabled applications, browsers, identities, and traditional software as enterprise applications become autonomous. Neo was founded by SentinelOne veterans and is backed by Andreessen Horowitz, Bessemer Venture Partners, Craft Ventures, and Merlin Ventures.

Neo Energy Metals — New Beisa Transaction Update

(LSE:NEO) Neo Energy Metals plc confirms that the Minister of Mineral and Petroleum Resources has granted Sibanye Stillwater Limited's wholly owned subsidiary Sibanye Gold Limited the consent required in terms of Section 11 of the Mineral and Petroleum Resources Development Act to take transfer of the Southern Free State Mining Right from Witwatersrand Gold Consolidated Limited. The Section 102 consents under the MPRDA, relating to the separation of the New Beisa Node from the remainder of the Sibanye Stillwater Beatrix mining operation, are currently being processed by the Department of Mineral and Petroleum Resources. Neo Energy will file a Section 11 application to take transfer of the New Beisa Node Mining Right once the Sibanye Stillwater Section 102 has been approved. Neo Energy and Sibanye signed an agreement to extend the deadlines for the approvals of the Sibanye Stillwater Section 11 Consent and Section 102 consents to 6 December 2026, and therefore extend the approval for Neo Energy's Section 11 Consent to 6 June 2027. Neo Energy's operational planning and project preparation activities continue uninterrupted, and first production of gold remains targeted for December 2027, followed by uranium. On 24 July 2026, Neo Energy signed a site access and contractorship agreement with Sibanye-Stillwater, granting the Company access to the mining area in order to begin a self-funded assessment programme. Neo Energy Metals plc has secured two uranium projects in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5 million pounds of uranium and 1.2 million ounces of gold.

New Company Website

(LSE:NEO) Neo Energy Metals plc, the uranium and gold developer with assets in South Africa, has launched a new, updated corporate website at www.neoenergymetals.com. The company has secured two uranium projects in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5 million pounds of uranium and 1.2 million ounces of gold. The New Beisa Node project is being acquired from Sibanye-Stillwater, which operated the Beatrix 4 shaft complex until 2022 and will have a significant shareholding in Neo Energy. The New Beisa Node asset carries more than US$500 million in historical capital investment and includes a gold processing plant with 135,000 tonne-per-month milling capacity. Measured and Indicated resources at New Beisa stand at 26.8Mlb of uranium at 1,100ppm and 1.2Moz of gold at 3.27 g/t (SAMREC Code, 2016). Initial annual production at New Beisa is targeted at approximately 810,000lbs uranium and 52,000 ounces of gold, at an all-in sustaining cost below US$30 per pound uranium equivalent after gold credits, with an estimated mine life of 17 years. The Henkries Node project has JORC compliant resources totaling 4.7Mlb of uranium at an average grade of 399ppm, and a 2024 Feasibility Study indicates annual production of approximately 260,000lbs U/yr of uranium at a cash cost of approximately US$40/lb, with an NPV (10%) of US$15.1 million and an IRR in excess of 15% at US$57.7/lb.

Neo Energy Metals — Site Access Agreement & Implementation Assessment

(LSE: NEO) Neo Energy Metals plc announced that its 70%-owned South African subsidiary, Neo Uranium Resources Beisa Mine Proprietary Limited, has signed a site access and contractorship agreement with Sibanye Gold Proprietary Limited, granting Neo Energy access to the Beatrix 4 Shaft Mining Area to begin a fully funded assessment programme. The three-workstream implementation assessment is budgeted at approximately GBP 3,151,852 and is expected to take approximately eight months to complete. The New Beisa Node project has a combined JORC- and SAMREC-compliant resource of 31.5 million pounds of uranium and 1.2 million ounces of gold, with measured and indicated resources at 26.8Mlb of uranium at 1,100ppm and 1.2Moz of gold at 3.27 g/t. Initial annual production is targeted at approximately 810,000lb uranium and 52,000 ounces of gold, with an all-in sustaining cost below US$30 per pound uranium equivalent after gold credits, and an estimated mine life of 17 years. The asset carries more than US$500 million in historical capital investment and includes a gold processing plant with 120,000 tonne-per-month milling capacity. The Henkries Uranium Project has JORC-compliant resources of 4.7Mlb of uranium at an average grade of 399ppm, with a 2024 Feasibility Study indicating annual production of approximately 260,000lbs U/yr at a cash cost of approximately US$40/lb, an NPV (10%) of US$15.1 million, and an IRR in excess of 15% at US$57.7/lb. The company projects first gold production for December 2027, followed by uranium, and targets a JSE Main Board listing for 2026.

Implementation of Strate’s Cross-border Removals

(LSE:NEO) Neo Energy Metals plc announced the implementation of Strate's cross-border removals process, effective 1 July 2026, enabling cross-border removals through its direct CSD link with Euroclear Bank. The company is advancing uranium development projects in South Africa and has secured two uranium projects in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5 million pounds of uranium and 1.2 million ounces of gold. The New Beisa Node project has Measured and Indicated resources of 26.8Mlb of uranium at 1,100ppm and 1.2Moz of gold at 3.27 g/t, with initial annual production targeted at approximately 810,000lbs uranium and 52,000 ounces of gold, and an estimated mine life of 17 years. The Henkries Node project has JORC compliant resources of 4.7Mlb of uranium at an average grade of 399ppm, with a 2024 Feasibility Study indicating annual production of approximately 580,000lbs of uranium at a cash cost of approximately US$33/lb, an NPV (8%) of US$60 million, and an IRR in excess of 25% at US$85/lb. The process route for Henkries was proven through an Anglo American pilot plant that processed more than 200 test pits at a cost of over US$30 million. The total initial capital requirement for Henkries is approximately US$65 million. The company targets a JSE Main Board listing for 2026, with first production at New Beisa Node targeted for December 2027.

Suspension of CFO

(LSE: NEO) Neo Energy Metals plc announced that its Board has suspended its Chief Financial Officer, De Wet Schutte, while investigating potential misconduct. The company stated that the misconduct allegation is not in respect to any financial mismanagement, impropriety or wrongdoing and the Company's financial position has not been impacted. Martin Westerman has been appointed to oversee the Company's financial function from immediate effect. Neo Energy Metals plc is a uranium and gold company listed on the London Stock Exchange Main Market (LSE: NEO) and the A2X Markets (A2X: NEO), with a JSE Main Board listing targeted for 2026. The Company has secured two uranium projects in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5 million pounds ("Mlb") of uranium and 1.2 million ounces ("Moz") of gold. The company projects a JSE Main Board listing targeted for 2026. A further announcement will be made as appropriate.

Update on Regulatory Approval Processes

(LSE: NEO) Neo Energy Metals plc announced an update on the regulatory approval processes for its acquisition of the Beatrix 4 Shaft (now the New Beisa Node) from Sibanye-Stillwater Limited. The transaction involves two regulatory approval steps under the Mineral and Petroleum Resources Development Act (MPRDA), with Phase 1 approval deadline extended by 6 months to 6 December 2026 and Phase 2 to 6 June 2027. The company has secured two uranium projects in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5 million pounds of uranium and 1.2 million ounces of gold. The New Beisa Node project has more than US$500 million in historical capital investment, a gold processing plant with 120,000 tonne-per-month milling capacity, and measured and indicated resources of 26.8Mlb uranium at 1,100ppm and 1.2Moz gold at 3.27 g/t. Initial annual production is targeted at approximately 810,000lb uranium and 52,000 ounces of gold, with an all-in sustaining cost below US$30 per pound uranium equivalent after gold credits, and an estimated mine life of 17 years. The Henkries Node project has JORC-compliant resources of 4.7Mlb uranium at 399ppm, a 2024 Feasibility Study indicating annual production of approximately 580,000lb uranium at a cash cost of approximately US$33/lb, NPV (8%) of US$60 million, IRR in excess of 25% at US$85/lb, and a total initial capital requirement of approximately US$65 million. The company targets first production of gold for December 2027, followed by uranium.

Non-Executive Director Share Purchase

Neo Energy Metals plc (LSE: NEO), a uranium and gold development company focused on South Africa, announced that non-executive director Sajjad Sabur purchased 982,349 ordinary shares at 1.0125 pence per share and 780,023 shares at 1.02 pence per share on the open market. Following these transactions, Sajjad Sabur holds 2,192,372 shares, representing 0.1% of the company's issued share capital. The company has secured two uranium projects in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5 million pounds of uranium and 1.2 million ounces of gold. The New Beisa Node project is being acquired from Sibanye-Stillwater and carries more than US$500 million in historical capital investment, with initial annual production targeted at approximately 810,000lb uranium and 52,000 ounces of gold. The Henkries Node project has a 2024 Feasibility Study indicating annual production of approximately 580,000lb of uranium at a cash cost of approximately US$33/lb, with an NPV (8%) of US$60 million and an IRR in excess of 25% at US$85/lb. The Beatrix Mining Right is being transferred to Neo Energy under Section 11 of the Mineral Resources and Petroleum Development Act, with ministerial consent required on or before 6 December 2026 and first production targeted for December 2027. These developments indicate significant progress in Neo Energy's project pipeline and capital structure.

Announcement of Interim Consolidated Results

Neo Energy Metals plc (LSE:NEO) announced its Interim Consolidated Results for the six-month period ended 31 March 2026. The company has secured two uranium projects in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5 million pounds of uranium and 1.2 million ounces of gold. The New Beisa Node project is being acquired from Sibanye-Stillwater and carries more than US$500 million in historical capital investment. The Henkries Node project has a JORC-compliant resource of 4.7Mlb of uranium and a 2024 Feasibility Study indicates an NPV (8%) of US$60m and an IRR in excess of 25% at US$85/lb. Total initial capital requirement for Henkries is approximately US$65m.