ISS, an Independent Proxy Solicitation Firm, Recommends Voting “FOR” Each of the Five Proposals at Westwater’s 2024 Annual Shareholder Meeting Scheduled for May 30th

Rhea-AI Summary

Westwater Resources, an energy technology and battery-grade natural graphite company, announced that Institutional Shareholder Services (ISS) has recommended voting

Positive

• ISS recommends voting in favor of all five proposals.
• Re-election of five directors ensures continuity.
• Proposal to increase shares for employee incentive plan could enhance staff motivation.
• Ratifying Moss Adams as independent auditor could ensure reliable financial reporting.
• Increasing authorized shares of common stock may support future fundraising and growth.

Negative

• Increasing authorized shares of common stock could lead to shareholder dilution.
• Advisory vote on executive compensation may highlight underlying discontent with pay structures.
• Proposal to increase shares available for awards might dilute existing shareholders' equity.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Westwater Resources, Inc. (NYSE American: WWR) an energy technology and battery-grade natural graphite development company, today announced that an independent proxy solicitation firm – Institutional Shareholder Services Inc. (“ISS”) – has recommended voting “FOR” each of the five proposals pending before the shareholders at Westwater’s 2024 Annual Meeting (“Annual Meeting”) scheduled for May 30, 2024.

As detailed in the proxy statement filed on April 5, 2024 for the Annual Meeting, there are five proposals that are being presented to Westwater’s shareholders for approval: (1) to re-elect the five directors; (2) to increase the number of shares available for award, and the limit on such awards, under Westwater’s employee incentive plan; (3) an advisory vote on executive compensation; (4) to ratify Moss Adams as the company’s independent auditor; and (5) to increase the number of authorized shares of common stock. ISS has recommended a vote “FOR” each proposal.

The Westwater 2024 Annual Meeting will be held virtually at 8 am mountain time on Thursday, May 30, 2024. Shareholders are reminded to vote their shares – by internet or telephone – as specified on the proxy card that was mailed to them along with the proxy statement. Following the Annual Meeting, Westwater will disclose the results of the shareholder voting.

About Westwater Resources, Inc.

Westwater Resources, Inc. (NYSE American: WWR) is focused on developing battery-grade natural graphite products. The Company’s primary project is the Kellyton advanced graphite processing plant that is under construction in east-central Alabama. In addition, the Company’s Coosa graphite deposit is the most advanced natural flake graphite deposit in the contiguous United States — and is located across 41,965 acres (~17,000 hectares) in Coosa County, Alabama. For more information, visit www.westwaterresources.net.

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Westwater Resources, Inc.

Email: Info@WestwaterResources.net

Investor Relations

Email: Investorrelations@westwaterresources.net

Source: Westwater Resources, Inc.

FAQ

What are the proposals for the Westwater 2024 Annual Shareholder Meeting?

The proposals include re-electing five directors, increasing shares for the employee incentive plan, an advisory vote on executive compensation, ratifying Moss Adams as the independent auditor, and increasing authorized shares of common stock.

When and where is the Westwater 2024 Annual Shareholder Meeting?

The meeting is scheduled for May 30, 2024, and will be held virtually at 8 am mountain time.

What is ISS's recommendation for Westwater's proposals?

ISS recommends voting 'FOR' each of the five proposals.

What is the stock symbol for Westwater?

The stock symbol for Westwater is WWR.

How can shareholders vote for the proposals at Westwater's 2024 Annual Meeting?

Shareholders can vote their shares by internet or telephone as specified on the proxy card mailed to them.