Gold prices edge lower; heading for weekly losses ahead of U.S.-Russia talks
LONDON - Neo Energy Metals plc (LSE:NEO, A2X:NEO) announced Thursday that director Quinton van der Burgh has resigned from the board with immediate effect.
The uranium developer said it does not plan to appoint a replacement director at this time, citing the advanced stage of several key uranium acquisitions in South Africa that are expected to bring new board appointments.
"On behalf of the Board, I would like to sincerely thank Quinton for his support and contributions during his time with Neo Energy Metals," said Theo Botoulas, CEO of Neo Energy Metals, in a statement based on the company’s press release.
The company indicated that it expects to strengthen its board with several new directors as it works to finalize regulatory and financing aspects of uranium project acquisitions in South Africa during the current quarter.
Neo Energy Metals describes itself as a uranium developer with interests in several South African projects. The company holds stakes in the Henkries Uranium Project and Henkries South Uranium Project, and has conditional agreements to acquire the Beisa North and Beisa South Uranium and Gold Projects, as well as the Beatrix 4 mine complex.
The company is listed on both the main market of the London Stock Exchange (LON:LSEG) and South Africa’s A2X Markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.