Uranium explorer Extract Resources looks set to fall under Chinese ownership after a widely-anticipated takeover offer for its major shareholder, UK-based Kalahari Minerals, was announced over
Extract Resources has released an updated resource estimate for its Husab project in Namibia, which shows it is the fourth largest uranium deposit in the world.
Extract Resources has put a $US1.48 billion ($A1.43 billion) price tag on its Husab uranium project in Namibia, which it says will be one of the world's three largest uranium mines.
West Perth-based uranium explorer Energy Metals has recommended a proportional takeover bid by a Chinese firm, which will underwrite an $11.7 million rights issue.
