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LONDON - Neo Energy Metals plc (LSE:NEO, A2X:NEO) reported Friday that it continues to make "substantive progress" toward completing its annual audit for the fiscal year ended September 30, 2024, as the uranium developer works to resume trading of its shares on the London Stock Exchange.
According to a company press release, the accounts of key operating subsidiaries in South Africa are expected to be finalized and signed off next week, while the UK audit process continues in parallel and is anticipated to conclude shortly thereafter.
The company’s shares were suspended from trading following delays in publishing its annual report and accounts. Neo Energy stated it remains in "active and constructive dialogue" with its auditors and relevant regulatory bodies.
While addressing these administrative matters, Neo Energy reported it continues to advance regulatory approval processes for projects acquired in 2024, which the company described as a strategic priority for near-term development activities.
The company also announced that Chairman Jason Brewer plans to host an investor presentation in London on October 14, 2025, with further details to be provided at a later date.
Neo Energy Metals describes itself as a uranium developer with projects in South Africa, including the Beisa North and South Uranium and Gold Projects, the Beatrix 4 mine complex, and the Henkries Uranium Project. The company claims its combined projects contain 117 million pounds of U₃O₈ and over 5 million ounces of gold in SAMREC Code compliant resources.
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