Welcome to our dedicated page for Westwater Resources news (Ticker: WWR), a resource for investors and traders seeking the latest updates and insights on Westwater Resources 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. (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.
Westwater Resources (AMEX: WWR) announced the completion of its Definitive Feasibility Study (DFS) for the Coosa Graphite Project and plans for Phase I construction with an estimated capital cost of
Westwater Resources, Inc. (NYSE American: WWR) will hold a conference call on November 11, 2021, at 10:00 AM EDT, to discuss financial results for the third quarter ended September 30, 2021, and updates on the Coosa Graphite Project. CEO Christopher M. Jones and financial officers will lead the call, covering recent progress and financial conditions. A live webcast will be available at www.westwaterresources.net. Replay options will also be provided for access afterwards.
Westwater Resources (NYSE: WWR) announced a special conference call on October 14, 2021, at noon EDT to discuss the results of its Definitive Feasibility Study (DFS) for a battery graphite production facility. The conference will highlight the acquisition of 90,000 square feet of commercial property near the Kellyton site. The Coosa Graphite Project aims to utilize patented technology to produce battery-grade graphite products.
Westwater Resources (NYSE American: WWR) announces a $202 million investment to initiate Phase I of the Coosa Graphite Project in Kellyton, Alabama. Construction is set to begin by year-end 2021, with a capacity to process 8,050 metric tons of graphite concentrate annually, aiming for battery-grade graphite products. The acquisition of two 90,000 sq ft buildings for administrative and operational purposes is also approved, enhancing logistical efficiency. The project promises over 100 jobs, affirming its socioeconomic benefits for the region.
Westwater Resources Inc. (NYSE American: WWR) announced the results of its Definitive Feasibility Study (DFS) for the Coosa Graphite Project in Alabama. The total capital cost for Phase I is estimated at $202 million, expected to be completed over 17 months. The facility aims to produce battery-grade graphite, crucial for lithium-ion batteries in electric vehicles. Phase I will process 8,050 metric tons of graphite concentrate per year, with projections showing positive economic viability, including a pre-tax NPV of $119 million and an IRR of 15% over 35 years.
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