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, 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.
Westwater Resources, Inc. (NYSE American: WWR) has announced the retirement of Christopher M. Jones as President and CEO, effective
Westwater Resources, Inc. (AMEX: WWR) plans to hold a conference call on February 14, 2022, at 11:00 am EDT, to discuss its financial results for the year ended December 31, 2021, along with a business update. Management will share insights into recent developments at the Coosa Graphite Project, the most advanced natural graphite project in the contiguous United States. Key executives will present financial results and operational updates. The call will also include a live webcast and an option for replay afterwards.
Westwater Resources, Inc. (NYSE American: WWR) announced that it has received the NPDES Permit essential for commencing site grading at the Coosa Graphite Processing Facility in Kellyton, Alabama. This Permit, issued by the State of Alabama, ensures compliance with the Federal Clean Water Act. Site grading is set to begin in March 2023, paving the way for building construction. The company is focused on production of battery-grade graphite materials for Lithium-Ion batteries, and construction progress is aligned with planned timelines.
Westwater Resources, Inc. (NYSE American: WWR) has made significant progress in developing the Coosa Graphite Project, with construction activities starting in December 2021. The Definitive Feasibility Study completed in October 2021 anticipates Phase I production of 3,700 mt of Coated Spherical Purified Graphite per year, beginning in 2023, with plans for Phase II production scaling up by 2025. The internal rate of return for the project is projected at 20.5%. The company has secured strategic partnerships for engineering and construction, along with favorable tax incentives and community support in Alabama.
Westwater Resources (NYSE: WWR) has signed a letter of intent to sell 125-250 metric tons of Coated Spherical Purified Graphite (CSPG) for lithium-ion batteries in 2023, with an option for an additional 16,000 metric tons in 2025. The deliveries will originate from the planned Coosa Graphite Project in Alabama, pending definitive agreements. The project aims to meet the growing demand for battery-grade graphite, further validated by ongoing customer evaluations and construction plans for the production facility.
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