Extract Resources Ltd. (EXT.AU), which is developing one of the world's largest unmined uranium deposits, said Friday it continues with the process of securing a possible partner and interest has been expressed by several partners in its project.

The Perth-based company also said discussions continue on debt financing and an offtake deal to sell production from the planned Husab uranium mine in Namibia.

Extract's largest shareholder with a 43% stake is Kalahari Minerals PLC (KAH.LN), which this week said it had restarted talks regarding a possible takeover by China Guangdong Nuclear Power Holding Co. Rio Tinto PLC (RIO), which owns the Rossing uranium mine that neighbors Husab, has a 14% stake in Extract.

-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com

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