This is in line with the firm’s strategy to capture the significant potential synergies that could be generated from a joint development of the two projects.

Extract is developing a 15-million-pound a year uranium oxide operation at Husab, and has recently secured an environmental approval from the Namibian government.

In addition, Extract is in talks with Kalahari Minerals for exploring various options that might simplify the Extract/Kalahari shareholding structure.

Extract Resources is an international uranium exploration and development company.