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Stranger Holdings ( (GB:NEO) ) has provided an update.
Neo Energy Metals plc has entered into a landmark Broad-Based Black Economic Empowerment (B-BBEE) agreement with Siyakhula Sonke Empowerment Corporation (SSC Group) for the acquisition of the Beisa Uranium Project in South Africa. This transaction is part of Neo Energy’s strategy to become South Africa’s leading uranium producer and aligns with the country’s economic transformation policies. The agreement includes transferring 30% of shareholding in the project to local community and employee trusts and SSC Group, supporting local economic empowerment and development. This move is expected to create meaningful opportunities for local communities, including job creation and infrastructure improvements, while advancing Neo Energy’s operational and strategic goals.
More about Stranger Holdings
Neo Energy Metals plc is a uranium developer and mining company listed on the main market of the London Stock Exchange and A2X Markets. The company focuses on uranium and gold mining projects in South Africa, with a portfolio that includes the Beisa Uranium and Gold Projects and the Henkries Uranium Project. Neo Energy is committed to accelerating development and production from these projects to generate cash flow and expand its investor base.
YTD Price Performance: 3.33%
Average Trading Volume: 22,919,407
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £11.95M
Learn more about NEO stock on TipRanks’ Stock Analysis page.
