Welcome to our dedicated page for Westwater Res news (Ticker: WWR), a resource for investors and traders seeking the latest updates and insights on Westwater Res stock.
Westwater Resources, Inc. (WWR) is a diversified energy materials development company with a focus on exploring and developing a range of critical materials including lithium, graphite, uranium, and vanadium. The company’s primary project, the Coosa Graphite Project, spans approximately 41,965 acres in east-central Alabama, dedicated to the mining and production of high-purity natural graphite key for battery applications.
Westwater Resources also manages significant lithium projects such as the Columbus Basin Project covering around 14,200 acres in western Nevada and the Sal Rica Project covering approximately 13,260 acres in northwestern Utah. Apart from these, the company holds interests in various uranium projects, including extensive properties in New Mexico and Texas.
The company initially started as Uranium Resources, Inc., focusing primarily on uranium exploration and development. In August 2017, it rebranded to Westwater Resources, Inc. to better reflect its expanded scope into other energy materials.
Based in Centennial, Colorado, Westwater Resources is poised at the forefront of the evolving energy materials sector, especially with the growing demand for battery-grade materials driven by the electric vehicle and renewable energy markets. The company is committed to advancing its projects responsibly, ensuring sustainability and environmental stewardship in its operations.
Recent achievements include substantial progress in the Coosa Graphite Project, advancements in lithium extraction technologies, and strategic partnerships aimed at enhancing resource development and market reach. The company continues to explore new opportunities and remains focused on delivering long-term value to its shareholders.
Westwater Resources (NYSE American: WWR) has entered into exclusivity with a global financial institution for a $150 million secured debt facility to complete Phase I construction of the Kellyton Plant. This milestone follows the company's second offtake agreement announced in July. Westwater aims to close the debt financing in Q4 2023, subject to customary terms, due diligence, and conditions.
The company has engaged McDermott Will & Emery as counsel and Cantor Fitzgerald as its investment banker to support the closing process. Additionally, Westwater will present at the 2024 Annual Gateway Conference on September 4th at 12:30 p.m. PT, providing an investor update as promised in their Q2 press release.
Westwater Resources (NYSE American: WWR), an energy technology and battery-grade natural graphite development company, is set to present at the 2024 Annual Gateway Conference in San Francisco. The company's management team will deliver a presentation on September 4th at 12:30 p.m. Pacific Time, which will be available via live webcast and replay.
In addition to the presentation, Westwater executives will be available for one-on-one meetings throughout the conference. This event provides an opportunity for investors and analysts to gain insights into Westwater's operations and future plans in the growing battery materials sector.
Westwater Resources (NYSE: WWR), a company focused on energy technology and battery-grade natural graphite development, is set to participate in the 2024 Annual Gateway Conference in San Francisco. The event, scheduled for September 4-5 at the Four Seasons Hotel, will feature a presentation by Westwater's management team on September 4th at 12:30 p.m. Pacific Time.
The presentation will be webcast live and available for replay. In addition to the formal presentation, Westwater's executives will be available for one-on-one meetings throughout the conference. Interested parties can request invitations or schedule meetings by emailing conference@gateway-grp.com.
Westwater Resources (NYSE American: WWR) announced key updates for Q2 2024. Highlights include:
1. Secured off-take agreements for 100% of planned Phase I production (12,500 MT) of battery-grade natural graphite.
2. Invested over $120 million in the Kellyton Graphite Plant construction.
3. Started installing a qualification line at Kellyton to produce 5-10 MT batches of CSPG for customer qualification.
4. Progressing on debt financing negotiations for the remaining $150 million of the $271 million Phase I capital costs.
5. Cash balance of $3.2 million as of August 12, 2024.
Westwater is positioning itself as a key U.S.-based natural graphite producer, aligning with new government regulations on battery components for electric vehicle tax credits.
Westwater Resources (NYSE American: WWR) has announced a binding off-take agreement with Fiat Chrysler Automobiles (FCA), part of Stellantis, to supply natural graphite anode material from its Kellyton Graphite Plant in Alabama. This agreement, combined with a previous deal with SK ON, secures off-take for 100% of Kellyton Phase 1 capacity. FCA will purchase a percentage of their forecasted volume annually. Westwater has invested over $120 million in the Kellyton plant and is now seeking debt financing to complete construction. The company views this as a important step in establishing a U.S.-based supply chain for natural graphite anode material in the electric vehicle industry.
Westwater Resources (NYSE American: WWR), an energy technology and battery-grade natural graphite development company, has announced details for its upcoming conference call on July 18, 2024, at 10:00 am Eastern Time. The management team plans to discuss:
- Recent progress at the Kellyton Graphite Plant
- Customer engagement
- Future plans
Investors and interested parties can join the live conference call using the following details:
- USA and Canada: 1-844-763-8274
- International: 1-647-484-8814
- Conference ID: Westwater Resources Conference Call
A webcast will also be available on the company's website. For those unable to attend the live call, a replay will be accessible using the provided access codes.
Westwater Resources (NYSE American: WWR), an energy technology and battery-grade natural graphite development company, has announced a business update conference call scheduled for July 18, 2024. The call, set for 10:00 AM Eastern Time, aims to share recent progress and future plans. Details pertaining to the conference call will be released prior to the event.
Westwater Resources, an energy technology and battery-grade natural graphite company, announced that Institutional Shareholder Services (ISS) has recommended voting
Westwater Resources (NYSE American: WWR), a company specializing in battery-grade natural graphite, has expressed its support for recent actions by the US Trade Representative and the White House regarding tariffs on electric vehicles (EV) and critical minerals from China. On May 14, 2024, the White House revealed its decision to increase tariffs on imported Chinese EVs from 25% to 100% starting in 2024 and impose a 25% tariff on natural graphite imports from China beginning in 2026. This move is seen as a strategic effort to bolster domestic production of EVs and critical minerals, reducing reliance on Chinese imports. Westwater’s executives believe these tariffs will enhance the competitive edge of the U.S.-based natural graphite industry, affirming the company’s commitment to building a domestic supply chain.
Westwater Resources (NYSE American: WWR) has announced a conference call in June 2024 for a business update following its Annual Shareholder Meeting. In the previous investor call on March 20, 2024, the company highlighted its first off-take agreement with SK On for CSPG and the completion of a debottlenecking study. This study anticipates Phase I production of CSPG to reach 12,500 mt per year while keeping the Phase I construction budget of the Kellyton Graphite Plant at $271 million. The upcoming call will discuss the Annual Shareholder Meeting results, customer engagement, offtake agreements, financing for Phase I, and the Phase II feasibility study.
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