Welcome to our dedicated page for Westwater Res news (Ticker: WWR), a resource for investors and traders seeking the latest updates and insights on Westwater Res stock.
Westwater Resources Inc (NYSE: WWR) operates at the forefront of energy materials exploration, specializing in battery-grade graphite, lithium, and uranium development. This news hub provides investors and industry observers with direct access to official corporate communications and material updates.
Comprehensive Resource: Track all regulatory filings, project advancements, and operational decisions through verified press releases. Our curated collection includes exploration milestones from the Coosa Graphite Project in Alabama, lithium prospect evaluations, and uranium resource assessments.
Strategic Insights: Monitor updates across three critical areas: mineral resource estimates, partnership announcements with industrial buyers, and technical developments in materials processing. Each update is categorized for efficient navigation between financial disclosures and operational progress reports.
Investor-Centric Formatting: Quickly identify time-sensitive materials through chronologically organized entries, with clear labeling of SEC filings versus corporate announcements. Bookmark this page for real-time access to Westwater Resources' evolving position in the energy materials sector.
Westwater Resources (NYSE American: WWR) reported its Q1 2021 financial results, announcing net cash used in operations of $4.85 million, up 40% from Q1 2020. Product development expenses surged to $1.82 million, highlighting investment in its Coosa Graphite Project. The net loss for the quarter was $5.39 million, or $0.19 per share, a 64% increase compared to the prior year. Despite these losses, the company had $117.9 million in cash and $115.1 million in working capital, signaling strong financial backing. The feasibility study for the Coosa Project is ongoing, with exploration drilling efforts initiated.
Westwater Resources, Inc. (NYSE American: WWR) has appointed Steven M. Cates as Chief Accounting Officer & Controller, effective May 10, 2021. Cates will oversee the company's accounting operations and report to CFO Jeffrey L. Vigil. Both executives emphasize Cates' financial expertise as crucial for the company's anticipated growth in the graphite sector, particularly the Coosa Graphite Project in Alabama. Westwater is focused on developing battery-grade graphite resources, navigating challenges such as raising capital and operational risks.
Westwater Resources (NYSE American: WWR) will hold a conference call on May 13, 2021, at 11:00 AM EDT to discuss the financial results for Q1 FY 2021 and business updates. Management will cover progress on the Coosa Graphite Project in Alabama and recent milestones at the pilot plant. Key executives include Christopher M. Jones (CEO) and Jeffrey L. Vigil (CFO). The call will provide insights into the company's financial status and operations. A recording will be available on the company's website following the call.
Westwater Resources (NYSE American: WWR) will present at the Planet MicroCap Showcase: VIRTUAL on April 22, 2021, at 12:00 PM EDT. CEO Chris Jones will lead the presentation and engage with investors.
The Company focuses on developing battery-grade graphite, with significant projects like the Coosa Graphite Project, which spans 41,900 acres in Alabama. To watch the presentation, register for the event here.
Westwater Resources (NYSE American: WWR) announced a Virtual Non-Deal Roadshow on April 7, 2021, at 4:00 PM EST. CEO Christopher M. Jones will present and answer investor questions. The event can be accessed via this link. The company aims to develop a sustainable battery graphite process, producing three types of materials, minimizing waste through a unique reprocessing system. Their Coosa Graphite Project is the most advanced of its kind in the contiguous U.S., covering 41,900 acres in Alabama.
Westwater Resources (NYSE American: WWR) announced a production milestone in its pilot plant operations, achieving over 11 metric tonnes of battery-grade graphite products. As of March 18, production includes 9.7 metric tonnes of ULTRA-PMG™, 1.5 metric tonnes of precursor for ULTRA-CSPG™, and 0.2 metric tonnes of ULTRA-DEXDG™. These products are intended for testing by potential customers, with shipments expected within 30-90 days. The pilot program supports a Definitive Feasibility Study aimed at finalizing plans for a commercial production facility, slated for commissioning in Q4 2022.
Westwater Resources (NYSE: WWR) announced that its common stock will begin trading on the NYSE American exchange starting March 19, 2021. CEO Christopher M. Jones heralded this move as a crucial milestone and an opportunity to attract a larger investor base amidst rising global interest in mineral investments. Westwater is positioned to capitalize on the growing electric vehicle and battery markets, especially with recent announcements from major industry players like General Motors regarding new battery facilities in the U.S. The company's Coosa Graphite Project is the most advanced flake graphite project in the continental U.S.
Westwater Resources (NASDAQ: WWR) announced its transfer from the Nasdaq Capital Market to the NYSE American, effective March 19, 2021. CEO Christopher M. Jones emphasized the NYSE's prestigious platform for growing companies. With a rising demand for battery-grade materials, particularly from the electric vehicle market, Westwater's Coosa Graphite Project aims to capitalize on this trend. The last trading day on Nasdaq is March 18, 2021, and the stock will maintain its symbol 'WWR'.
Westwater Resources (Nasdaq: WWR) commends the President's Executive Order from February 24, 2021, aimed at enhancing supply chains for high-capacity batteries essential for electric vehicles. This initiative seeks to reduce U.S. dependency on imports for battery-grade graphite, with the Coosa Graphite Deposit in Alabama positioned to meet this demand. CEO Christopher M. Jones highlights potential benefits for financing and project permitting. The order emphasizes collaboration among government agencies to safeguard critical mineral supply, placing graphite as a focus due to current reliance on China.
Westwater Resources (Nasdaq: WWR) reported its 2020 results, emphasizing a strategic shift to battery-grade graphite after selling uranium assets for $1.8 million in shares. The company aims to produce commercial quantities of graphite by 2023. Net cash used in operations totaled $15.2 million, up from $10 million in 2019, primarily due to increased development expenses. Westwater's cash position improved significantly to $50.3 million as of December 31, 2020, from $1.8 million the previous year. The company plans to raise additional funds for its graphite project.
FAQ
What is the current stock price of Westwater Res (WWR)?
What is the market cap of Westwater Res (WWR)?
