Reserve Bank approvals nudge Neo Energy’s Beisa uranium buyout forward
The South African Reserve Bank (SARB) has granted key approvals needed for Neo Energy Metals subsidiary Neo Uranium Resources South Africa (Nursa) to acquire the Beisa uranium project from multinational mining and metals processing group Sibanye-Stillwater. London-listed Neo Energy says the SARB has approved a foreign intercompany shareholder loan facility of R1.2-billion for working capital purposes between Neo Energy and Nursa.
The South African Reserve Bank (SARB) has granted key approvals needed for Neo Energy Metals subsidiary Neo Uranium Resources South Africa (Nursa) to acquire the Beisa uranium project from multinational mining and metals processing group Sibanye-Stillwater. London-listed Neo Energy says the SARB has approved a foreign intercompany shareholder loan facility of R1.2-billion for working capital purposes between Neo Energy and Nursa.
