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 (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.
Westwater Resources Inc. (NYSE American: WWR) has announced an update regarding its Definitive Feasibility Study (DFS) for the Coosa Graphite Project in Alabama. Due to increasing demand for battery-grade graphite, the company has requested its consultants to evaluate higher production rates. This decision has slightly delayed the DFS completion to Q4 2021. The company's marketing efforts have engaged over 40 potential customers, resulting in 15 new non-disclosure agreements and the testing of 10 samples for electrical properties.
Westwater Resources, Inc. (WWR) has announced updates on its graphite processing plant in Alabama and second quarter financial results. The company is set to receive up to $36M in incentives from Alabama and has leased 70 acres for the facility. A Definitive Feasibility Study is underway, expected by Q3 2021. In Q2 2021, Westwater reported a net loss of $3.5M, or $0.11 per share, compared to a net loss of $2.5M in Q2 2020. Product development expenses soared 1,900% due to increased pilot program costs. CEO Chris Jones highlighted achievements in battery-grade graphite production.
Westwater Resources (NYSE American: WWR) is set to hold a conference call on August 12, 2021, at 11:00 AM EDT to discuss its Q2 financial results and progress at the Coosa Graphite Project. Significant milestones will be highlighted, including a recent press conference attended by state officials announcing incentives for an advanced graphite processing plant in Alabama. The call will feature insights from top executives, including updates on financial conditions and operations.
Westwater Resources (NYSE American: WWR) appointed Chad M. Potter as its new Chief Operating Officer, effective immediately. Potter brings nearly 20 years of experience from American Consolidated Industries and Nucor Steel, where he excelled in operational leadership and safety. His expertise is expected to enhance the implementation of modern processes and revenue maximization as the company prepares to build a groundbreaking graphite processing plant in Alabama. This facility aims to create over 100 jobs, enhancing local economic development and reducing reliance on foreign graphite.
Westwater Resources (NYSE American: WWR) announced plans to construct an advanced graphite processing plant in Alabama, supported by incentive agreements signed by Governor Kay Ivey. The initial investment of over $80 million is expected to create at least 100 jobs with average wages of $21.15 per hour. The facility aims to produce 7,500 tons of battery-grade graphite annually, boosting local electric vehicle production. Additional local and state incentives totaling approximately $34.6 million will assist in job training and infrastructure. Construction is set to commence later this year.
FAQ
What is the current stock price of Westwater Res (WWR)?
What is the market cap of Westwater Res (WWR)?
What does Westwater Resources, Inc. specialize in?
Where is Westwater Resources' primary graphite project located?
What are the key lithium projects Westwater Resources is working on?
Where are Westwater Resources' uranium projects situated?
When was Westwater Resources founded?
What was Westwater Resources' former name?
Where is Westwater Resources headquartered?
What is the focus of the Coosa Graphite Project?
How does Westwater Resources contribute to sustainability?
What market demands drive Westwater Resources' focus?
