Tag Archives: neo

Stockbox spoke to Sean Heathcote, CEO of Neo Energy Metals #NEO following the recent RNS on the acquisition of the 90MLB uranium resource project and giving an update on the project. Watch below.

The company plans to advance the project by securing a commodity-linked debt facility tied to the gold within the deposits, allowing them to retain the uranium. The aim is to finalise this funding by the end of September and proceed with updating the mineral resource estimates and further drilling.

The Biesa project is unique in that both gold and uranium can be mined simultaneously, making the uranium effectively free from a cost perspective, as the gold revenue is expected to cover most operating and processing costs.