Neo Energy Metals PLC on Friday announced it has appointed Andrew Searle as chief financial officer.

Neo Energy Metals is a South Africa-focused low-cost uranium developer. It said the appointment of a new CFO is part of its ‘focus on ensuring it has the necessary in-house resources to ensure it is able to not only deliver on its planned development of the Henkries Uranium Project in South Africa, but also on its broader growth strategy in the uranium sector’.

Andrew Searle has more than 30 years experience in accounting, taxation and financial reporting with accountancy firms in the UK and Europe for both publicly listed and private companies. In addition, Searle has provided in-house corporate advisory and financial management services for a number of ’blue-chip’ companies such as British American Tobacco PLC and Reuters Group PLC.

Executive Chair Jason Brewer said: ‘Andrew brings tremendous experience not just from the accounting and financial management side but also from a corporate advisory perspective, which will be invaluable for us as we continue to look to grow our business in South Africa’s uranium sector and seek to establish Neo as one of Africa’s major uranium mine operators and mine development companies.

‘The Neo team all look forward to working closely with Andrew in the coming months and years with the delivery of our corporate strategy and at the outset to assist in the finalisation of the acquisition of the Beisa North and Beisa South Uranium Projects as well as the two additional mine and project acquisitions that are currently underway.’

Shares in Neo Energy Metals were up 10% at 1.32 pence each in London on Friday afternoon.

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