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LONDON - Neo Energy Metals PLC (LSE:NEO), a uranium developer, announced today the immediate appointment of Mr. Theo Botoulas as its new Chief Executive Officer (CEO) and Executive Director. Based in South Africa, Mr. Botoulas brings over four decades of experience in the mining industry, including senior executive roles across Africa in various commodities.
The appointment coincides with a broader restructuring of Neo Energy’s Board of Directors, aimed at bolstering executive management capabilities to support the company’s growth trajectory, particularly its planned acquisition of the Beisa Uranium Project. This move is part of Neo Energy’s strategy to become a leading uranium producer in South Africa.
Mr. Botoulas’s extensive background includes leadership positions in diamond, tin, tantalum, gold, copper, and uranium mining. His career highlights include serving as CEO of Andiamo Exploration in the UK and as Project Manager for Abyssinian Metals’ lithium project in Ethiopia. His professional credentials include a B.Eng. and M.Sc. in Mining Engineering, as well as certifications from the Engineering Council of South Africa.
In his new role, Mr. Botoulas aims to establish a top-tier executive team to advance the Beisa Uranium Project towards production. He expressed enthusiasm about contributing to the global nuclear energy sector through the secure and safe production of uranium.
The announcement also notes that Mr. Sean Heathcote will transition to the role of Executive Technical Director, leveraging his industry expertise to support the company’s executive management.
Neo Energy Metals, listed on both the London Stock Exchange (LON:LSEG) and A2X Markets, is expanding its uranium portfolio in South Africa. The company has secured conditional agreements for the acquisition of significant uranium and gold projects in the region, including a 100% interest in the Beatrix 4 mine and shaft complex.
The company’s strategy emphasizes rapid development and production to generate cash flow while also planning for long-term exploration and growth within Africa’s uranium district. The information about the new CEO appointment is based on a press release statement.
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