RE: RE: Accounts30 Jan 2026 15:00
This funding looks very good to me!?:
'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 placement of 166,666,666 new ordinary shares of nominal value £0.0001 each ("Ordinary Shares") in the capital of the Company at a price of 0.9 pence per share ("Issue Price"). The Company has also completed a placing of a further 111,111,111 Ordinary Shares at the Issue Price to raise a further £1,000,000 (together the "Placing" and the "Placing Shares").
CMC Markets UK Plc ("CMC"), trading as CapX, acted as the Company's sole placing agent in respect of the Placing.
The Issue Price represents a premium of approximately 16.1% to the closing mid-market price of 0.775 pence per existing Ordinary Share on 16 January 2026, being the latest practicable date prior to the publication of this Announcement.'
GL.