Westwater Resources, Inc. develops a U.S. mine-to-market platform for battery-grade natural graphite. Its recurring updates center on the Coosa Graphite Deposit in Alabama and the Kellyton Graphite Plant, a processing facility designed to produce coated spherical purified graphite, or CSPG, for lithium-ion battery anodes.
Company news commonly covers Kellyton construction and qualification-line activity, CSPG product sampling, customer and commercial developments, financial results, conference presentations, and strategic priorities. Westwater also reports on Coosa permitting and environmental review, including federal and state regulatory processes, as well as graphite purification technology, intellectual property, and trade-policy developments affecting graphite-based anode materials.
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.
Westwater Resources, Inc. (NYSE American: WWR) announced a Fireside Chat on June 27, 2022, at 10:00 am EDT featuring Terence J. Cryan, Executive Chairman, and Steven M. Cates, Chief Accounting Officer. The discussion will address the retirement of Jeffrey L. Vigil, CFO, and Cates' appointment as new CFO effective August 26, 2022. Investors can register to attend the chat, with a replay available post-event. Westwater focuses on developing battery-grade graphite and is constructing the Kellyton graphite processing plant in Alabama.
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.