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.
Idaho Strategic Resources (IDR) has proposed a merger with Westwater Resources (WWR) at an attractive premium of approximately 73%, valuing WWR at $1.36 per share. This merger aims to create a leading critical minerals company in the U.S., focusing on graphite, rare earth elements, and gold. Despite WWR's ongoing zero revenue and past 95% stock decline, Idaho Strategic claims that their leadership team has significant industry experience. They urge WWR's board to seriously consider the offer while highlighting that shareholders deserve better than the current management's track record of stock dilution.
Westwater Resources, Inc. (NYSE American: WWR) has appointed Frank Bakker as its new President and CEO, effective immediately. Bakker, previously the Vice President and General Manager of Alabama Graphite Products, brings extensive experience in engineering and plant management. Terence J. Cryan, Executive Chairman, highlighted Bakker's role in managing the construction of the Kellyton Graphite Processing Plant and his new responsibilities across corporate operations. The Board also promoted other executives, enhancing the management team's capabilities as Westwater focuses on developing battery-grade natural graphite and advancing the Coosa Graphite Deposit.
Westwater Resources, Inc. (NYSE American: WWR) has announced its participation in a Fireside Chat with Water Tower Research on January 19, 2023, at 2:00 pm EST. CFO Steve Cates will discuss the evolving graphite market and the increasing demand for domestic supplies of critical metals. Interested investors can register for the event, which will also be available for replay afterward. Westwater is focused on developing battery-grade natural graphite, with key projects like the Kellyton Graphite Processing Plant in Alabama.
Westwater Resources, Inc. (NYSE American: WWR) announced the signing of its first letter of intent (LOI) to sell Ultra-Purified Micronized Graphite (Ultra-PMG™) from its Kellyton Graphite Processing Plant under construction in Alabama. This LOI covers over 25% of the expected annual production of Ultra-PMG™, which represents half of the plant's output. The company aims to leverage its products in a variety of industrial applications and for lithium-ion batteries, particularly in the wake of the Inflation Reduction Act.
Westwater Resources, Inc. (NYSE American: WWR) has received an unsolicited proposal from Idaho Strategic Resources (NYSE American: IDR) on December 15, 2022. IDR's proposal, disclosed on December 22, lacked critical financial details and raised concerns regarding IDR's capability to fund its business plans. Westwater has determined that pursuing IDR's proposal is not in its best interest, citing IDR's insufficient resources and lack of expertise in graphite production. Westwater is committed to the construction and commissioning of its Kellyton Plant, estimated at $202 million.
Westwater Resources, Inc. (NYSE American: WWR) announced the completion of an Initial Assessment for its Coosa graphite deposit in Alabama. The technical report summary (TRS) indicates indicated mineral resources of 26 million short tons at an average grade of 2.89% graphitic carbon, totaling 754,000 short tons of contained graphite. Inferred resources are estimated at 97 million short tons at 3.08% grade. The Coosa Deposit, situated on 41,965 acres, aims to supply graphite concentrate for the Kellyton Graphite Processing Plant. The potential for further drilling is noted to enhance resource conversion.
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
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.
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