Ownership

As far as i know we have the following top Shareholders:
Shenghe Resources Holdings 125M shares
Global X Uranium EFT 88M shares
Tracor Limited 53M Shares

Shares outstanding 1105M

The rest of the Shares might be in other Hands. So to take a stake of 60% it needs at least some capital increase or
some other Party which will sell theire Shares. And for a capital increase at least in switzerland you Need an approval from the shareholders.

So im very relaxed about that. And im sure we will Need some capital to start with the building of the whole infrastructure etc. And this Money will come certainly from Shenghe. But i think the board and the Management wont give the whole Company away..and even they will do.. the "normal shareholders" still will benefit with the ML approval and also with the start of the mining. This Project is huge in my opinion and we will be very satisfyed with the Progress they will achieve.

For me now is important that the EIA will soon be published...and then we hoppefully get the waiting license ..which i wait since many years.