Neo Energy Acquires Major Uranium Assets

Stranger Holdings (GB:NEO) has released an update.

Neo Energy Metals plc has announced the formal acquisition of the Beisa North and Beisa South Uranium Projects in South Africa, comprising over 90 million pounds of uranium and 4 million ounces of gold. This strategic move aims to establish Neo Energy as a leading uranium mining company in South Africa, enhancing its position in a region with a 70-year history of uranium production. The acquisition marks a significant advancement in the company’s strategy to consolidate in a major uranium-producing region and to grow its portfolio for future value creation.

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