Extracting value for Husab

EXTRACT Resources is running the ruler over alternative investment proposals for its massive Husab uranium project in Namibia while urging shareholders to take no action over a downstream cash proposal from China Guangdong Nuclear Power Corporation, which values Extract at around $A2.2 billion.

Extracting value for Husab Extracting value for Husab Extracting value for Husab Extracting value for Husab Extracting value for Husab

Yesterday, Kalahari Minerals, Extract’s largest shareholder with a 42.74% stake, agreed to a formal offer from CGNPC, through its subsidiary CGNPC Uranium Resources, of 243.

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