Westwater Resources Supports Executive Order to Increase American Mineral Production
Westwater Resources (NYSE American: WWR) has expressed support for a new U.S. presidential executive order aimed at boosting domestic critical mineral production. The order, effective March 20, 2025, leverages the Defense Production Act and U.S. International Development Finance to provide financing and investment support for domestic mineral processing.
The initiative targets 15 critical minerals, including graphite, which is currently dominated by Chinese suppliers. According to CFO Steve Cates, this directive could potentially expedite the permitting process for Westwater's Coosa Deposit, recognized as the largest known graphite deposit in the contiguous United States, while potentially improving the company's access to financing.
Westwater Resources (NYSE American: WWR) ha espresso supporto per un nuovo ordine esecutivo presidenziale degli Stati Uniti volto a potenziare la produzione interna di minerali critici. L'ordine, che entrerà in vigore il 20 marzo 2025, sfrutta il Defense Production Act e il U.S. International Development Finance per fornire finanziamenti e supporto agli investimenti per la lavorazione dei minerali domestici.
L'iniziativa si concentra su 15 minerali critici, tra cui grafite, attualmente dominato dai fornitori cinesi. Secondo il CFO Steve Cates, questa direttiva potrebbe accelerare il processo di autorizzazione per il Coosa Deposit di Westwater, riconosciuto come il più grande deposito di grafite conosciuto negli Stati Uniti contigui, migliorando potenzialmente l'accesso dell'azienda ai finanziamenti.
Westwater Resources (NYSE American: WWR) ha expresado su apoyo a una nueva orden ejecutiva presidencial de EE. UU. destinada a impulsar la producción nacional de minerales críticos. La orden, que entrará en vigor el 20 de marzo de 2025, utiliza la Ley de Producción de Defensa y el U.S. International Development Finance para proporcionar financiamiento y apoyo a la inversión en el procesamiento de minerales nacionales.
La iniciativa se dirige a 15 minerales críticos, incluyendo grafito, que actualmente está dominado por proveedores chinos. Según el CFO Steve Cates, esta directiva podría acelerar el proceso de permisos para el Coosa Deposit de Westwater, reconocido como el mayor depósito de grafito conocido en los Estados Unidos contiguos, mejorando potencialmente el acceso de la empresa a financiamiento.
Westwater Resources (NYSE American: WWR)는 국내 중요 광물 생산을 촉진하기 위한 새로운 미국 대통령 행정명령을 지지한다고 밝혔습니다. 이 명령은 2025년 3월 20일부터 시행되며, 방위 생산법과 미국 국제 개발 금융을 활용하여 국내 광물 가공을 위한 자금 지원 및 투자 지원을 제공합니다.
이 이니셔티브는 흑연을 포함한 15개의 중요 광물을 목표로 하고 있으며, 현재는 중국 공급업체가 지배하고 있습니다. CFO 스티브 케이트에 따르면, 이 지침은 Westwater의 Coosa Deposit에 대한 허가 절차를 가속화할 수 있으며, 이는 미국 본토에서 알려진 가장 큰 흑연 매장지로 인정받고 있으며, 회사의 자금 조달 접근성을 개선할 가능성이 있습니다.
Westwater Resources (NYSE American: WWR) a exprimé son soutien à un nouvel ordre exécutif présidentiel américain visant à stimuler la production nationale de minéraux critiques. L'ordre, qui entrera en vigueur le 20 mars 2025, utilise la Defense Production Act et le U.S. International Development Finance pour fournir un financement et un soutien à l'investissement pour le traitement des minéraux domestiques.
L'initiative cible 15 minéraux critiques, y compris le graphite, qui est actuellement dominé par des fournisseurs chinois. Selon le CFO Steve Cates, cette directive pourrait potentiellement accélérer le processus d'autorisation pour le Coosa Deposit de Westwater, reconnu comme le plus grand gisement de graphite connu des États-Unis contigus, tout en améliorant potentiellement l'accès de l'entreprise au financement.
Westwater Resources (NYSE American: WWR) hat seine Unterstützung für eine neue US-Präsidentielle Exekutivverordnung zum Ausdruck gebracht, die darauf abzielt, die heimische Produktion kritischer Mineralien zu steigern. Die Verordnung, die am 20. März 2025 in Kraft tritt, nutzt das Defense Production Act und die U.S. International Development Finance, um Finanzierungs- und Investitionsunterstützung für die heimische Mineralverarbeitung bereitzustellen.
Die Initiative konzentriert sich auf 15 kritische Mineralien, darunter Graphit, das derzeit von chinesischen Anbietern dominiert wird. Laut CFO Steve Cates könnte diese Richtlinie den Genehmigungsprozess für das Coosa Deposit von Westwater beschleunigen, das als das größte bekannte Graphitvorkommen in den angrenzenden Vereinigten Staaten anerkannt ist, und könnte potenziell den Zugang des Unternehmens zu Finanzierungen verbessern.
- Executive order could accelerate permitting process for Coosa Deposit development
- Potential improved access to federal financing and investment support
- Company owns largest known graphite deposit in contiguous U.S.
- Strategic positioning to benefit from government initiative to reduce Chinese mineral dependence
- Project development still pending permitting approval
- Current complete dependence on Chinese graphite supply chain
The
Steve Cates, Westwater’s Chief Financial Officer, commented, “Importantly, the action affects both the mining of critical minerals and the processing of those materials after they are mined. The directive has the potential to positively impact the permitting process related to the development of our Coosa Deposit - which is the largest known graphite deposit in the contiguous
About Westwater Resources, Inc.
Westwater Resources is an energy technology company that is focused on developing battery-grade natural graphite. Westwater Resources’ primary project is the Kellyton Graphite Processing Plant that is under construction in east-central
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “increase,” “almost entirely,” “affects,” “expect,” “accelerate,” “improve,” “potential,” “positively impact,” “development,” and other similar words or phrases. Forward looking statements include, among other things, statements concerning: the importance of critical minerals including battery-grade graphite; establishing a graphite industry in the
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