Neo Energy Metals CEO Provides More Details on the Recent #uranium Acquisition #neo

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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 finalize this funding by the end of September and proceed with updating the mineral resource estimates and further drilling. The Bison 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. By Alan Green Recorded 16/8/2024