Westwater Res Stock Price, News & Analysis

Westwater Resources, Inc. (NYSE American: WWR) announces the retirement of Jeffrey L. Vigil, CFO, effective August 26, 2022. He served over nine years and significantly contributed to the financial strategy for the ongoing construction of the Kellyton graphite processing facility in Alabama. Steven M. Cates, previously Chief Accounting Officer, is appointed as the new CFO. Cates has been integral to the company’s financial operations since joining in May 2021.

Westwater Resources, Inc. (NYSE American: WWR) has received its air permit from the Alabama Department of Environmental Management (ADEM), allowing vertical construction of the Kellyton graphite processing plant to commence. This achievement follows a seven-month permitting process and signifies that Westwater has all necessary permits for the facility. The company aims to advance the construction while ensuring compliance with environmental regulations.

Westwater Resources, Inc. (NYSE American: WWR) announced that Executive Chairman Terence J. Cryan and Chief Accounting Officer Steven M. Cates will participate in a Fireside Chat with Water Tower Research on June 9, 2022, at 1:00 pm EDT. Interested parties can register for the chat and access the replay via a provided link. Westwater focuses on developing battery-grade, natural graphite products, with a key project being the Kellyton graphite processing plant in Alabama. For more details, visit www.westwaterresources.net.

Westwater Resources (NYSE American: WWR) announced updates on its Kellyton graphite processing plant and financial results for Q1 2022. The company reported a net loss of $(2.8 million), a decrease of $(2.6 million) from Q1 2021, with cash balance stable at $116 million. Construction continues at Kellyton, where civil work has started. The company has prioritized ordering equipment amidst supply chain challenges. Additionally, drilling was completed at the Coosa graphite deposit, with core samples under evaluation for resource reporting.

Westwater Resources, Inc. (AMEX: WWR) announced a conference call on May 11, 2022, at 11:00 a.m. ET to discuss its Q1 financial results ending March 31, 2022, and update on the Kellyton graphite processing plant and Coosa graphite deposit. Key figures include continued construction of the Kellyton facility and the Coosa deposit, which spans 41,900 acres in Alabama. The call will feature CEO Chad Potter, Executive Chairman Terence Cryan, and CFO Jeffrey Vigil, providing insights into the company's financial status.

Westwater Resources, Inc. (NYSE American: WWR) announced its participation in the Planet MicroCap Showcase on May 4, 2022, at 1:30 p.m. PDT. The presentation will be led by Executive Chairman Terence Cryan and Chief Accounting Officer Steve Cates, addressing investors and answering questions. The company is focused on developing battery-grade natural graphite, with its main project being the Kellyton graphite processing plant in Alabama, expected to finish construction in Q2 2023. Westwater has refined 13 metric tonnes of product and signed a letter of intent for graphite delivery in 2023.

Westwater Resources has commenced construction of a $202 million graphite processing plant in Kellyton, Alabama, aimed at supplying battery-grade graphite for electric vehicles and electronics. The facility, expected to create 100 jobs with an average wage of over $21 per hour, will produce 7,500 metric tons of graphite annually. This move positions Alabama as a key player in the U.S. EV supply chain, which currently relies on imported graphite, primarily from China. The plant is set to begin operations by mid-2023, with plans for future mining activities in Coosa County.

Westwater Resources, Inc. (AMEX: WWR) praises President Biden for invoking the Defense Production Act to boost domestic production of crucial materials for electric vehicle batteries. The initiative aims to reduce U.S. dependence on imports, particularly from China, addressing rising energy prices and climate goals for 2035. Westwater is progressing with its Kellyton graphite processing plant in Alabama, which will provide battery-grade graphite. The company is also exploring the Coosa graphite deposit to supply the growing demand for battery materials.

Westwater Resources (NYSE American: WWR) has announced the construction of a commercial-scale facility in Coosa County, Alabama, following the receipt of a National Pollutant Discharge Elimination System (NPDES) permit for site grading. The construction plan remains on schedule for completion in 2023. In 2021, the company achieved key milestones, including the completion of a Definitive Feasibility Study for the Coosa Plant, and is positioned to become a leading producer of battery-grade graphite in the U.S. Financially, the company reported a net loss of $16.1 million for 2021, down from $23.6 million in 2020.