Neo Energy Metals appoints new CEO amid Beisa uranium acquisition
Neo Energy Metals PLC on Friday said it has appointed Theo Botoulas as its chief executive officer, to be based in South Africa.
Neo Energy Metals is a South Africa-focused low-cost uranium developer.
The company said Botoulas has previously held mining executive roles throughout Africa, including as CEO of Andiamo Exploration (UK) Ltd.
Neo Energy said it requires ‘greater executive management capabilities’ on its board due to its ‘rapid growth,’ given the planned acquisition of the Beisa uranium project.
‘The asset base of Neo Energy has a substantial mix of very near-term and well-balanced future production assets,’ said Botoulas. ‘Having been operational at the Oryx/Beisa Mine (now Beatrix 4 Shaft) during my early career, the experience will facilitate rapid reopening of the underground operations.
‘I look forward to assembling a world class team of professionals in order to deliver the stated Neo Energy mission, which is to become an established, safe and profitable uranium production company with multiple uranium mining operations across Africa.’
Shares in Neo Energy Metals were untraded at 0.75 pence in London on Friday. They last traded, for the same price, on January 31.
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