TIDMNEO
Neo Energy Metals PLC
06 December 2023
Neo Energy Metals plc / EPIC: NEO / Market: Main Market of the
London Stock Exchange
6 December 2023
Neo Energy Metals plc
('Neo Energy' or 'the Company')
CEO Interview
Declaration at COP28 to Triple Nuclear Energy Capacity by
2050
Neo Energy Metals plc, the near term, low-cost uranium
developer, is pleased to announce that an interview with CEO Sean
Heathcote has been published regarding the new declaration to
triple nuclear energy capacity by 2050:
https://youtu.be/-AR-jEve21Q
Launched at COP28 by more than 20 countries including the UK,
the Declaration to Triple Nuclear Energy (full declaration outlined
below) is a landmark event that recognises the key role of nuclear
energy in reaching net zero. A two-day intensive Net Zero Nuclear
Summit will commence on 7 December to explore how the nuclear
industry can best align and collaborate with governments to
accelerate growth in nuclear energy and reflect on activity earlier
in the week at COP28.
"This is great news.... everybody is committed to make nuclear
the new base load, which is fundamental for the uranium mining
sector," said Neo Energy CEO Sean Heathcote.
Neo Energy is positioned to become a supplier to the nuclear
industry as it fast-tracks its advanced Henkries Uranium Project in
the Northern Cape Province of South Africa towards production.
Newly published research on the Company can be found at:
https://bit.ly/3NeBbij
Declaration to Triple Nuclear Energy
Recognizing the key role of nuclear energy in achieving global
net-zero greenhouse gas emissions / carbon neutrality by or around
mid-century and in keeping a 1.5degC limit on temperature rise
within reach and achieving Sustainable Development Goal 7;
Recognizing the importance of the applications of nuclear
science and technology that contribute to monitoring climate change
and tackling its impacts, and emphasizing the work of the
International Atomic Energy Agency (IAEA) in this regard;
Recognizing that nuclear energy is already the second-largest
source of clean dispatchable baseload power, with benefits for
energy security;
Recognizing that analyses from the OECD Nuclear Energy Agency
and World Nuclear Association show that global installed nuclear
energy capacity must triple by 2050 in order to reach global
net-zero emissions by the same year;
Recognizing that analysis from the Intergovernmental Panel on
Climate Change shows nuclear energy approximately tripling its
global installed electrical capacity from 2020 to 2050 in the
average 1.5degC scenario;
Recognizing that analysis from the International Energy Agency
shows nuclear power more than doubling from 2020 to 2050 in global
net-zero emissions by 2050 scenarios and shows that decreasing
nuclear power would make reaching net zero more difficult and
costly;
Recognizing that new nuclear technologies could occupy a small
land footprint and can be sited where needed, partner well with
renewable energy sources, and have additional flexibilities that
support decarbonization beyond the power sector, including
hard-to-abate industrial sectors;
Recognizing the IAEA's activities in supporting its Member
States, upon request, to include nuclear power in their national
energy planning in a sustainable way that adheres to the highest
standards of safety, security, and safeguards and its
"Atoms4NetZero" initiative as an opportunity for stakeholders to
exchange expertise;
Recognizing the importance of financing for the additional
nuclear power capacity needed to keep a 1.5degC limit on
temperature rise within reach;
Recognizing the need for high-level political engagement to spur
further action on nuclear power;
The Participants in this pledge:
Commit to work together to advance a global aspirational goal of
tripling nuclear energy capacity from 2020 by 2050, recognizing the
different domestic circumstances of each Participant;
Commit to take domestic actions to ensure nuclear power plants
are operated responsibly and in line with the highest standards of
safety, sustainability, security, and non-proliferation, and that
fuel waste is responsibly managed for the long term;
Commit to mobilize investments in nuclear power, including
through innovative financing mechanisms;
Invite shareholders of the World Bank, international financial
institutions, and regional development banks to encourage the
inclusion of nuclear energy in their organizations' energy lending
policies as needed, and to actively support nuclear power when they
have such a mandate, and encourage regional bodies that have the
mandate to do so to consider providing financial support to nuclear
energy;
Commit to supporting the development and construction of nuclear
reactors, such as small modular and other advanced reactors for
power generation as well as wider industrial applications for
decarbonization, such as for hydrogen or synthetic fuels
production;
Recognize the importance of promoting resilient supply chains,
including of fuel, for safe and secure technologies used by nuclear
power plants over their full life cycles;
Recognize the importance, where technically feasible and
economically efficient, of extending the lifetimes of nuclear power
plants that operate in line with the highest standards of safety,
sustainability, security, and non-proliferation, as
appropriate;
Commit to supporting responsible nations looking to explore new
civil nuclear deployment under the highest standards of safety,
sustainability, security, and non-proliferation;
Welcome and encourage complementary commitments from the private
sector, non-governmental organizations, development banks, and
financial institutions;
Resolve to review progress towards these commitments on an
annual basis on the margins of the COP;
Call on other countries to join this declaration.
ENDS
Sean Heathcote CEO sean@neoenergymetals.com
Neo Energy Metals plc
Paul Dulieu Financial PR neo@stbridespartners.co.uk
Isabel de Salis St Brides Partners Ltd
Isabelle Morris
Notes
Neo Energy Metals plc aims to become an important supplier to
the fast-growing uranium sector. Its initial focus is on its 70%
owned Henkries Uranium Project, an advanced, low-cost uranium
project in the Northern Cape Province of South Africa with a clear
pathway to production. +US$30m of historical exploration, drilling,
test pitting and mining, metallurgical testwork and pilot plant
work has been undertaken at the Project, culminating in a published
feasibility study.
Headquartered in Nairobi, Kenya, Neo Energy is now focused on
increasing the mineral resources at Henkries from the current
estimated 4.7 million pounds of uranium, which is highly probable
as less than 10% of prospective ground is fully tested, and
completing an updated feasibility study ahead of reaching a
development decision by November 2025.
Led by a proven board and management team with uranium and other
mineral project development experience in Southern Africa, Neo
Energy's strategy is layered on a two-year development approach to
generate cashflow from Henkries with a view towards building a
longer term exploration and portfolio growth strategy to develop
the highly prospective Northern Cape Region of South Africa and,
potentially, broader regional expansion into energy metal property
holdings globally.
The team includes:
-- Jason Brewer, Non-Executive Chairman : c.30 years' experience
in international mining, financial markets, and investment banking
with a particular focus in Africa.
-- Sean Heathcote, CEO : +30 years' experience in the mining and
exploration industry in Africa across a broad range of
commodities.
-- Jackline Muchai, Non-Executive Director : one of the few
Kenyan women serving on a board within London's Main Market on the
London Stock Exchange, and CEO of Gathoni Muchai Investments.
-- Bongani Raziya, Non-Executive Director: +20 years' experience
in oil and gas and mining in Africa with various directorships held
in well-established profitable companies.
-- James Longley, Non-Executive Director: +30 years' experience
in finance, whose career has been focused on venture capital,
private equity and building growth companies.
-- Charles Tatnall, Non-Executive Director: a seasoned advisor
and fundraiser, specialising in small and medium-sized enterprises
across diverse industries.
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END
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