£8 Million Strategic Investment and Placement
Neo Energy, the near-term, low-cost uranium developer, is pleased to announce that it has entered into a strategic funding agreement with a UK-based investment group, (“Strategic Investor”) under which a total investment of up to £8 million has been agreed to support the Company’s strategy and ongoing implementation assessment work that has commenced to advance the Beisa Uranium and Gold Project including the Beatrix 4 mine and shaft complex, the processing plant complex and associated infrastructure (“Beisa Mine”) to production of uranium and gold (the “Investment Agreement”).
The Company is pleased to confirm that an initial amount of £1,500,000 has now been advanced by the Strategic Investor under the Investment Agreement, through a…
