Debt and commodity based funding.
The Company is advancing these funding discussions positively with several parties and will provide further updates on them in due course
As part of Sibanye-Stillwater's due diligence on the Company, they completed a review of our financing plans and were satisfied with what was proposed and our ability to complete the financial settlement once all conditions are satisfied |
In the meantime more funding required soon.
With the formal acquisition documentation completed on the Beisa Uranium Project, the Company can now finalise its previously announced debt and commodity-based funding. · This funding is proposed to fund the acquisition costs of both the Beisa Uranium Project, the Beisa North and Beisa South Uranium Projects and the Company's working capital costs to complete the various updates to the development studies needed to recommence mining... |
£11m dilution will not occur until completion in 12 months.
On settlement of the acquisition of the 100% interest in the Beisa Uranium Project, which is expected to occur in H2 2025, the Company will pay a cash fee of ZAR250,000,000 (approx. £11 million) and issue loan notes valued at ZAR250,000,000 ('Loan Notes') under a loan note instrument ('Loan Note Instrument'). |
Completion will not be for another 12 months.
Settlement of the acquisition and satisfaction of all outstanding conditions, which are predominantly South Africa regulatory approvals and UK shareholder and regulatory approvals, are expected to be completed in late H2 2025 |
Sibanye will take a big stake in NEO and keep a royalty on production. Great partner for NEO to have. |
Why Sibanye offloading it ??? |
well happy in the way this is panning out awesome gla |
Shhhh. Don't jinx it |
Coming up nicely this morn'.
f |
5p on funding is what I’m thinking. A lot of small caps bagging recently and I think NEO is next. |
Because it is hugely undervalued |
News imminent. Probably Monday or Tuesday. Acquisition announcement with funding news following. |
Well, up 21%. Why? |
Jason says news before Xmas 🚀 |
Why set them as an either or?!! Both worth looking at |
MARU is copper, manganese, lithium and rare earths. Close to generating big revenues.
Much more advanced than NEO,much lower mcap and greater uplift trajectory. |
MARU well worth a look in the 4p level, once it goes back to 12p that's a 200% return |
Think we might get news next week… |
Non dilutive as well |
First 25m funding news it's being done in tranches |
100m funding news close |
I’d love 0.8 to come, I’ve got a £25k top up waiting if it does… |
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