Westwater Resources Announces Business Update Conference Call
May 14 2024 - 4:30PM
Business Wire
Westwater Resources, Inc. (NYSE American: WWR), an energy
technology and battery-grade natural graphite development company,
today announced it will hold a conference call to provide a
business update related to its graphite business in the first part
of June 2024 following its Annual Shareholder Meeting.
Westwater held an investor call on March 20, 2024, at which time
it provided an update to investors on first quarter business
matters. Specifically, the execution of its first off-take
agreement with SK On for Coated Spherical Purified Graphite
(“CSPG”), and the completion of a debottlenecking study, resulting
in anticipated Phase I production of CSPG to 12,500 mt per year
while maintaining the Phase I construction budget of the Kellyton
Graphite Plant at $271 million.
On the next investor call, Westwater plans to discuss the
results of its Annual Shareholder Meeting, provide an update on
customer engagement and offtake agreements, financing for Phase I,
and the outcome of the feasibility study for Phase II.
Conference call information related to this business update will
be announced ahead of the call.
About Westwater Resources, Inc.
Westwater Resources, Inc. (NYSE American: WWR) is focused on
developing battery-grade natural graphite products. The Company’s
primary project is the Kellyton advanced graphite processing plant
that is under construction in east-central Alabama. In addition,
the Company’s Coosa graphite deposit is the most advanced natural
flake graphite deposit in the contiguous United States — and is
located across 41,965 acres (~17,000 hectares) in Coosa County,
Alabama. For more information, visit
www.westwaterresources.net.
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 “plans,” “updates”
and other similar words. Forward looking statements include, among
other things, statements concerning: the off-take agreement with SK
On; plans with regard to customer engagement; potential financing
arrangements; the anticipated annual production from Phase I and
Phase II of the Kellyton Graphite Plant; and the construction and
operation of the Kellyton Graphite Plant, and the costs, schedules,
production and economic projections associated with them. The
Company cautions that there are factors that could cause actual
results to differ materially from the forward-looking information
that has been provided. The reader is cautioned not to put undue
reliance on this forward-looking information, which is not a
guarantee of future performance and is subject to a number of
uncertainties and other factors, many of which are outside the
control of the Company; accordingly, there can be no assurance that
such suggested results will be realized. The following factors, in
addition to those discussed in Westwater’s Annual Report on Form
10-K for the year ended December 31, 2023, and subsequent
securities filings, could cause actual results to differ materially
from management expectations as suggested by such forward-looking
information: (a) the spot price and long‑term contract price of
graphite (both flake graphite feedstock and purified graphite
products) and vanadium, and the world-wide supply and demand of
graphite and vanadium; (b) the effects, extent and timing of the
entry additional competition in the markets in which we operate;
(c) our ability to obtain contracts or other agreements with
customers; (d) available sources and transportation of graphite
feedstock; (e) the ability to control costs and avoid cost and
schedule overruns during the development, construction and
operation of the Kellyton Graphite Plant; (f) the ability to
construct and operate the Kellyton Graphite Plant in accordance
with the requirements of permits and licenses and the requirements
of tax credits and other incentives; (g) effects of inflation,
including labor shortages and supply chain disruptions; (h) rising
interest rates and the associated impact on the availability and
cost of financing sources; (i) the availability and supply of
equipment and materials needed to construct the Kellyton Graphite
Plant; (j) stock price volatility; (k) government regulation of the
mining and manufacturing industries in the United States; (l)
unanticipated geological, processing, regulatory and legal or other
problems we may encounter; (m) the results of our exploration
activities at the Coosa Graphite Deposit, and the possibility that
future exploration results may be materially less promising than
initial exploration results; (n) any graphite or vanadium
discoveries at the Coosa Graphite Deposit not being in high enough
concentration to make it economic to extract the minerals; (o)our
ability to finance growth plans; (p) our ability to obtain and
maintain rights of ownership or access to our mining properties;
(q) currently pending or new litigation or arbitration; (r) our
ability to maintain and timely receive mining, manufacturing, and
other permits from regulatory agencies; and (s) other factors which
are more fully described in our Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, and other filings with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240514116159/en/
Westwater Resources, Inc. Email:
Info@WestwaterResources.net
Investor Relations Email:
Investorrelations@westwaterresources.net
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