Neo Energy Metals: Admission of Shares and Total Voting Rights

14 August 2026

Neo Energy Metals plc

Admission of Shares and Total Voting Rights

Neo Energy Metals plc (LSE: NEO; A2X: NEO) (LEI: 213800WE14587VRQ5Y10), ("Neo" or the "Company"), the uranium and gold development company focused on South Africa, announces that the Company has applied for admission of 30,000,000 new ordinary shares of £0.0001 each in the capital of the Company ("Ordinary Shares") ("New Shares") to trading on the Main Market of the London Stock Exchange plc ("LSE") ("Admission"). The New Shares are being issued to a former director of the Company within the limits of the authority granted to the Company at its annual general meeting held on 18 May 2026 (the "AGM"). The Board intends that future share issuances to directors or members of staff will be made in accordance with shareholder approvals received by the Company at the AGM, including in accordance with the approved LTIP 2026 plan.

Admission is expected to take place at 8:00 a.m. on 19 August 2026.

The New Shares are fully paid and rank pari-passu in all respects with the Company's Ordinary Shares currently admitted to the Equity Shares (Transition) category of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the LSE and are fungible with the Ordinary Shares already admitted to trading.

Total voting rights

Following Admission, there will be 2,822,628,023 Ordinary Shares each in issue with voting rights admitted to the Official List of the FCA and to trading on the Main Market of the LSE. No shares are held in treasury. This figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

About Neo Energy Metals Plc

Neo Energy Metals plc is a uranium and gold company listed on the London Stock Exchange Main Market (LSE: NEO) and the A2X Markets (A2X: NEO), with a JSE Main Board listing targeted for 2026. The Company has secured two uranium projects in South Africa with a combined JORC- and SAMREC-compliant resource of 31.5 million pounds ("Mlb") of uranium and 1.2 million ounces ("Moz") of gold.

New Beisa Node - Free State Goldfields

The New Beisa Uranium/Gold Project, to be known as the New Beisa Node, is a brownfields uranium and gold development located on the Beatrix 4 shaft property near Virginia in the Free State Goldfields, one of the highest-grade uranium-bearing regions in the world.

The project is being acquired from Sibanye-Stillwater, which operated the Beatrix 4 shaft complex until 2022 and will hold a significant shareholding in Neo Energy.

The asset carries more than US$500 million in historical capital investment and benefits from existing surface infrastructure including headgear and winding systems, a gold processing plant with 135,000 tonne-per-month milling capacity, primary ventilation, a tailings storage facility and all major utilities. Underground development is in place, with the Beisa Reef accessible from the existing shaft at depths of 300 to 1,000 metres.

Measured and Indicated resources stand at 26.8Mlb of uranium at 1,100ppm and 1.2Moz of gold at 3.27 g/t (SAMREC Code, 2016).

Initial annual production is targeted at approximately 810,000lb uranium and 52,000 ounces of gold, at an all-in sustaining cost below US$30 per pound uranium equivalent after gold credits, with an estimated mine life of 17 years on current Measured and Indicated resources.

The Beatrix 4 Shaft Mining Right is being transferred to Neo Energy under Section 11 of the MPRDA; ministerial consent is required on or before 6 December 2026, with first production targeted for December 2027.

Henkries Node - Northern Cape

The Henkries Uranium Project, to be known as The Henkries Node, is a near-surface, paleochannel-hosted uranium deposit in the Northern Cape Province. Mineralisation occurs in unconsolidated sands from surface to a maximum depth of eight metres, requiring no drilling or blasting.

JORC-compliant resources total 4.7Mlb of uranium at an average grade of 399ppm, with 25 kilometres of identified paleochannel remaining undrilled on the licence area.

The process route - conventional acid leach to yellowcake - has been proven through an Anglo American pilot plant that processed more than 200 test pits at a cost of over US$30 million.

A 2024 Feasibility Study for the Henkries project indicates annual production of approximately 260,000lbs U/yr of uranium at a cash cost of approximately US$40/lb, with an NPV (10%) of US$15.1 million and an IRR in excess of 15% at US$57.7/lb. Total initial capital requirement is approximately US$65 million.

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