Stranger Holdings (GB:NEO) has released an update.
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Neo Energy Metals has announced its acquisition of the Beatrix 4 Shaft Complex and Beisa Uranium Project from Sibanye-Stillwater, marking a major step in its strategy to become a leading uranium producer in South Africa. This deal not only consolidates Neo Energy’s position in the Witwatersrand Basin but also sets the stage for accelerated uranium and gold production, potentially generating significant cash flow and profits. Sibanye-Stillwater will become the largest shareholder in Neo Energy, reflecting a strategic partnership that could benefit both companies’ shareholders.
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