Westwater Res Stock Price, News & Analysis

Westwater Resources, Inc. (NYSE American: WWR) has announced its participation in a Fireside Chat with Water Tower Research on January 19, 2023, at 2:00 pm EST. CFO Steve Cates will discuss the evolving graphite market and the increasing demand for domestic supplies of critical metals. Interested investors can register for the event, which will also be available for replay afterward. Westwater is focused on developing battery-grade natural graphite, with key projects like the Kellyton Graphite Processing Plant in Alabama.

Westwater Resources, Inc. (NYSE American: WWR) announced the signing of its first letter of intent (LOI) to sell Ultra-Purified Micronized Graphite (Ultra-PMG™) from its Kellyton Graphite Processing Plant under construction in Alabama. This LOI covers over 25% of the expected annual production of Ultra-PMG™, which represents half of the plant's output. The company aims to leverage its products in a variety of industrial applications and for lithium-ion batteries, particularly in the wake of the Inflation Reduction Act.

Westwater Resources, Inc. (NYSE American: WWR) has received an unsolicited proposal from Idaho Strategic Resources (NYSE American: IDR) on December 15, 2022. IDR's proposal, disclosed on December 22, lacked critical financial details and raised concerns regarding IDR's capability to fund its business plans. Westwater has determined that pursuing IDR's proposal is not in its best interest, citing IDR's insufficient resources and lack of expertise in graphite production. Westwater is committed to the construction and commissioning of its Kellyton Plant, estimated at $202 million.

Westwater Resources, Inc. (NYSE American: WWR) announced the completion of an Initial Assessment for its Coosa graphite deposit in Alabama. The technical report summary (TRS) indicates indicated mineral resources of 26 million short tons at an average grade of 2.89% graphitic carbon, totaling 754,000 short tons of contained graphite. Inferred resources are estimated at 97 million short tons at 3.08% grade. The Coosa Deposit, situated on 41,965 acres, aims to supply graphite concentrate for the Kellyton Graphite Processing Plant. The potential for further drilling is noted to enhance resource conversion.

Westwater Resources (NYSE American: WWR) will participate in a Fireside Chat with Water Tower Research on December 13, 2022, at 11:30 a.m. EDT. Jay Wago, Vice President of Sales & Marketing, will discuss trends in the U.S. battery and EV market, especially the increasing demand for graphite battery materials. The event aims to address the supply-demand imbalance in the battery-grade graphite market. Interested participants can register for the event and access a replay afterward through the provided link.

Summit Materials has announced that Karli Anderson will expand her role as Executive Vice President, now overseeing human resources and communications functions in addition to her existing responsibilities as Chief ESG Officer and Head of Investor Relations. This strategic move aims to enhance the Company’s ESG initiatives and optimize value for both employees and shareholders. Anderson brings a wealth of experience, having previously held significant roles at Royal Gold and Westwater Resources.

Westwater Resources (AMEX: WWR) reported third-quarter results for the period ending September 30, 2022, highlighting significant progress in constructing the Kellyton graphite plant in Alabama. The company's cash balance stood at $100.3 million, with working capital at $80.1 million. Net loss decreased to $3.5 million, or $0.07 per share, reflecting a 24% reduction year-over-year. Increased customer interest, driven by the Inflation Reduction Act, is expected to benefit long-term growth.

Westwater Resources, Inc. (NYSE American: WWR) will host a conference call on November 10, 2022, at 11:00 AM EDT, to discuss its Q3 financial results and provide updates on the construction of its Kellyton graphite plant. CEO Chad M. Potter will lead the discussion, focusing on recent developments at the facility while CFO Steven M. Cates reviews financial conditions. The company is advancing its battery-grade natural graphite project in Alabama.

Westwater Resources, Inc. (NYSE: WWR) announced significant management changes to fuel future growth. Effective October 1, 2022, Cevat Er has been promoted to Chief Technology Officer, overseeing the Kellyton Graphite Plant's design and engineering. Frank Bakker joins as Vice President and General Manager, focusing on the plant's construction and operations. Allison Trembly is appointed Communications and Investor Relations Manager. Both Bakker and Trembly received restricted stock units as inducement awards. These appointments aim to enhance operational leadership as Westwater advances its graphite development projects.