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Westwater Resources Inc - WWR STOCK NEWS

Welcome to our dedicated news page for Westwater Resources (Ticker: WWR), a resource for investors and traders seeking the latest updates and insights on Westwater Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Westwater Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Westwater Resources, Inc. (WWR) announces successful execution of the first contract to supply natural purified graphite anode material to a leading EV battery manufacturer. The company achieved critical milestones in 2023, including an increase in anticipated annual Phase I CSPG production to 12,500 MT while maintaining the budget. Over $119 million has been invested in the Kellyton Graphite Plant construction, with positive economic analysis results for the Coosa Graphite Deposit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.21%
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Rhea-AI Summary
Westwater Resources, Inc. (WWR) schedules a conference call to discuss financial results and graphite business update for the year ended December 31, 2023.
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Rhea-AI Summary
Westwater Resources, Inc. (NYSE American: WWR) announces a 25% increase in Phase I production to 12,500 mt per year of battery-grade natural graphite anode material at the Kellyton Graphite Processing Plant. The company remains within the Phase I cost estimate of $271 million and expects this expansion to enhance profitability and meet market demand for 'Made in the USA' battery anode material.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.85%
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Rhea-AI Summary
Westwater Resources, Inc. (WWR) has announced the execution of its first off-take agreement with SK On Co., Ltd., a leading electric vehicle battery manufacturer, to supply natural purified graphite anode products from its Kellyton Graphite Plant to SK On battery plants located within the U.S. The agreement is a critical step in advancing Westwater's graphite business and securing additional financing needed to complete construction of Phase I of the Kellyton Graphite Plant.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.8%
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Rhea-AI Summary
Westwater Resources, Inc. (WWR) announced the availability of an Initial Assessment for the Coosa Graphite Deposit in Coosa County, Alabama. The Coosa Deposit is the largest and most advanced natural graphite deposit in the lower 48 states with an estimated pre-tax NPV of $229 million, estimated pre-tax internal rate of return of 26.7%, and estimated free cash flow of $714 million. The IA was completed by SLR International Corporation and filed with the SEC on December 13, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
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Rhea-AI Summary
Westwater Resources, Inc. (WWR) to Hold Conference Call for Investor Update on December 14, 2023
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Rhea-AI Sentiment
End-of-Day
1.64%
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Rhea-AI Summary
Westwater Resources, Inc. (NYSE American: WWR) announces a 33% increase in Phase I production to 10,000 MT annually at the Kellyton Graphite Processing Plant while maintaining the existing budget. The company also highlights China's export restrictions on graphite products, customer engagement, construction progress at the Kellyton Plant, Coosa Graphite Deposit update, and construction financing efforts. Financially, the company reported a decrease in net cash provided by financing activities and a significant increase in net cash used in investing activities compared to the same period in 2022.
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Rhea-AI Summary
Westwater Resources acknowledges that new Chinese restrictions on the supply of natural graphite will negatively impact the availability of battery anode material for electric vehicles. The United States currently has no domestic production or processing of graphite for EV batteries. Westwater Resources is building a graphite processing plant and planning a graphite mining project in Alabama to provide a domestic supply.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.38%
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Rhea-AI Summary
Westwater Resources announces Q2 results and provides business updates. Construction activities at the Kellyton Graphite Processing Plant continue, with progress made on primary plant buildings and equipment installation. Positive feedback received from SK On on product samples. Negotiations for sales agreement with SK On ongoing. LOI signed with Dainen Material Co., Ltd. for supply and purchase of CSPG. Preliminary economic assessment for Coosa Graphite Deposit underway. Efforts to secure financing for Kellyton Plant ongoing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.02%
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Rhea-AI Summary
Westwater Resources, Inc. will hold a conference call to discuss its financial results for Q2 2023 and provide updates on the construction progress and feedstock supply for the Kellyton graphite plant.
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Rhea-AI Sentiment
End-of-Day
-1.19%
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Westwater Resources Inc

NYSE:WWR

WWR Rankings

WWR Stock Data

26.67M
56.12M
1.51%
7.43%
0.58%
Uranium-Radium-Vanadium Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Centennial

About WWR

westwater resources, inc. operates as a diversified energy materials development company. it primarily explores for lithium, graphite, uranium, and vanadium deposits. the company's principal project is the coosa graphite project covering an area of approximately 41,965 acres situated in east-central alabama. it also holds interest in lithium projects, which include columbus basin project covers an area of approximately 14,200 acres comprise of 2 blocks of unpatented placer claims located in western nevada; and the sal rica project covers an area of approximately 13,260 acres situated in the northwestern utah. it addition, the company holds interests in various uranium projects, including 188,700 acres in the west-central part of the new mexico; and texas. the company was formerly known as uranium resources, inc. and changed its name to westwater resources, inc. in august 2017. westwater resources, inc. was founded in 1977 and is based in centennial, colorado.