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LONDON - Neo Energy Metals plc (LSE:NEO, A2X:NEO) announced Monday it is progressing a fast-track secondary listing on the Johannesburg Stock Exchange (JSE), with completion targeted for the third quarter of 2025.
The uranium developer said the move is part of its broader growth and capital markets strategy to enhance liquidity, broaden its shareholder base, and increase visibility among African and international investors.
Neo Energy intends to utilize the fast-track listing route available to companies already listed on the London Stock Exchange (LON:LSEG) and has engaged advisors in South Africa to expedite the process.
The JSE, Africa’s largest stock exchange, has an average daily traded value of over ZAR23 billion (approximately £1 billion) and hosts 50 listed mining companies, of which 33 are dual-listed. The basic materials sector on the JSE has a market capitalization exceeding ZAR5 trillion, representing 32% of the exchange’s overall market capitalization.
"Listing on the JSE marks a significant step for Neo Energy as we continue to align ourselves with key African capital markets," said Theo Botoulas, Neo Energy Metals Chief Executive Officer, in the press release.
Neo Energy Metals describes itself as a uranium developer with projects in Southern Africa. According to the company statement, its portfolio includes uranium assets in South Africa, including the Beisa North and Beisa South Uranium and Gold Projects, and the Henkries Uranium Project in South Africa’s Northern Cape Province.
The company’s shares are currently listed on the main market of the London Stock Exchange and on A2X Markets, an independent South African stock exchange.
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