I google and get...

I google and get this:
http://www.cmemarkets.com/v3/2010/07/08/dj-itochu-to-buy-interest-in-aussie-resource-developer-extract-resources-nikkei/

DJ Itochu To Buy Interest In Aussie Resource Developer Extract Resources -Nikkei

Thu Jul 08 18:38:14 2010 EDT

TOKYO (Nikkei)--Itochu Corp. (8001.TO) has decided to buy a roughly 10% stake
in Australia's Extract Resources Ltd. (EXT.AU), which is developing uranium
mines in Namibia, the Nikkei reported in its Friday morning edition.

The trading company will purchase shares held by an investment firm for an
estimated Y15 billion. A sales agreement is expected this week.

Itochu took a 15% stake in Extract Resource's top shareholder, Kalahari
Minerals Plc, this past spring. The British company owns 40% of the resource
developer.

Extract Resource is developing the Rossing South mine in central Namibia,
which is scheduled to begin churning out 5,800 metric tons a year in 2013,
representing more than 10% of global uranium production. By investing in the
lead developers, Itochu hopes to clinch sales rights for the output, mainly for
supply to Japanese electric utilities.

With annual uranium sales of 4,000 tons a year, the trading house is the
world's No. 2 seller. Uranium demand is expected to soar due to a string of
nuclear power projects worldwide.

(END) Dow Jones Newswires

07-08-10 1838ET

18:38 070810

8001-TSE, EXT-ASX, ITOCY,