Neo Energy Metals plc / EPIC: NEO / Market: Main Market of the London Stock Exchange

14 February 2024

Neo Energy Metals plc

('Neo Energy' or 'the Company')

Appointment of Non-Executive Director

Quinton van der Burgh brings significant experience & expertise in the international mining sector

Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased to announce a strengthening of its board with the appointment of Quinton van der Burgh as a Non-Executive Director, effective immediately.

Mr van der Burgh is a leading mining serial entrepreneur in South Africa. He is founder and CEO of Q Global Commodities ('QGC'), one of South Africa's largest privately owned mining houses that has established more than 45 mines throughout Sub-Saharan Africa from greenfield status through to production and exports of materials to the global commodity markets.  QGC is actively expanding its metal mining interests throughout Southern and East Africa through direct equity investments and partnership and co-development agreements with a number of emerging mining and exploration companies including Neo Energy in which it is a cornerstone investor. 

Furthermore, through his foundation, QVDBF, and in association with and ownership in Generosity Water, Mr van der Burgh has provide communities and schools throughout Southern Africa with access to safe and clean drinking water; to date, this ongoing initiative has helped over 415,000 South Africa's exercise their human right to water. Other projects the foundation supports include addressing the skill gap in underprivileged communities and assisting selected applicants with the support they need to rebuild their lives, from settling credit card debt, to paying for operations or schooling.

Neo Energy CEO Sean Heathcote said, "We are delighted to welcome Quinton to the team as a Non-Executive Director at this critical juncture as we look to accelerate our strategy to become an important supplier to the fast-growing uranium sector. We are fortunate to have found someone of his calibre with years of operational experience, sector knowledge, and extensive network and are grateful for the support his company, QGC, has provided Neo Energy as a cornerstone investor. 

"While arguably, Quinton has generated significant goodwill from his business endeavours, he has also positively impacted many African lives through his work with his foundation, QVDBF; these sustainable values resonate with the rest of the team at Neo Energy as we aim to deliver value to all stakeholders.

"Having set ambitious targets focused on advancing our low-cost uranium project in South Africa, Henkries, towards a 2-year production plan, we eagerly anticipate sharing regular updates on the company's progress over the coming months."

Quinton van der Burgh said, "I am looking forward to helping shape the future of Neo Energy, working with its team to take advantage of the strong uranium market as it moves Henkries towards production, and explore other exciting opportunities that align with our commitment to contribute to and support the global de-carbonisation drive."

Further information on Mr Quinton van der Burgh's appointment

The following details in relation to the appointment of Mr. Quinton van der Burgh as the Non- Executive Director are disclosed in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.

Quinton van der Burgh (aged 46) has held the following directorships and/or partnerships in the past 5 years:

Mr. Quinton van der Burgh holds 180,000,000 ordinary shares in the company acquired through Q Global Commodities affiliate, AUO Commercial Brokerage LLC.

ENDS