Westwater Res Stock Price, News & Analysis

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.

Westwater Resources, Inc. (NYSE American: WWR) announced its participation in H.C. Wainwright’s 24th Annual Global Investment Conference. Management will present on September 14, 2022, at 8:30 AM Eastern Time, with one-on-one meetings available on September 13 and 14. A live audio webcast will be accessible on the company's investor website, with a replay available for 90 days. Westwater focuses on developing battery-grade natural graphite, with its Kellyton processing plant under construction in Alabama and the Coosa graphite deposit being a key asset in the U.S.

Westwater Resources (NYSE American: WWR) highlights the advantages of the Inflation Reduction Act signed by President Biden on August 16, 2022. The legislation includes a $369 billion investment in climate programs, which will directly benefit Westwater through a 10% Production Tax Credit for critical minerals like graphite and vanadium. The Kellyton Graphite Plant is expected to produce battery-grade graphite eligible for the credit. Additionally, the Clean Vehicle Credit is anticipated to raise demand for domestically produced materials, benefiting Westwater's Coosa Graphite Deposit.

Westwater Resources (NYSE American: WWR) reported progress on its Kellyton graphite processing plant in Alabama. The company completed significant earthwork and received necessary permits. In Q2 2022, net cash used in operations decreased to $(5.9 million), while cash on hand was $109 million. The net loss narrowed to $(3.2 million) from $(3.5 million) year-over-year. Challenges persist with supply chain issues, but the company aims to begin commissioning the facility by mid-2023.

Westwater Resources, Inc. (NYSE American: WWR) announced a conference call for August 11, 2022, at 11:00 am EDT, to discuss the financial results for Q2 2022 and provide updates on the Kellyton Graphite Processing Plant. CEO Chad M. Potter will lead the discussion along with other key executives. A live webcast will be available on the company’s website, and a replay can be accessed afterward.