Westwater Resources Announces Positive Independent Test Results on ULTRA-PMG™
June 02 2020 - 8:00AM
Business Wire
Demonstrates successful simulated full-scale
processing of battery graphite
Westwater Resources, Inc. (Nasdaq: WWR), an energy
materials development company, announced today that independent
testing of its ULTRA-PMG™ battery graphite material has shown
outstanding resistivity values as a conductive additive.
Christopher M. Jones, President and Chief Executive Officer,
said, “This milestone achievement is a critical step in developing
our battery graphite business. We have shown that one of the key
products in our business plan – purified micronized graphite
(ULTRA-PMG™) – can be produced using proprietary processes that we
intend to utilize in our pilot program later this year. Successful
performance testing demonstrates that we can manufacture our
ULTRA-PMG™ as a premium-grade, conductive enhancement material for
all types of batteries at larger scale.”
Westwater’s ULTRA-PMG™ product has been produced by
laboratory-scale equipment simulating the full-scale processing
flowsheet. Westwater has been working with Dorfner AnzaPlan in
Germany to commercialize processing technology to produce various
sizes of ULTRA-PMG™ products. Samples from Dorfner were sent to
Polaris Laboratories, an independent laboratory in the United
States, for testing to evaluate the performance of the product.
This testing consisted of resistivity testing utilizing “4T
sensing”, standard for measuring resistivity for the international
battery industry. The 4T sensing testing method measures the
performance of a sample accurately by using separate pairs of
current carrying and voltage sensing electrodes.
1- Resistivities achieved from our first simulation samples were
very desirable, especially for the finer size ULTRA-PMG™.
2- The results show superior or comparable resistivity values
reported by other manufacturers.
3- Additional optimization of the process flowsheet will further
enhance the resistivity values.
4- Westwater’s ULTRA-PMG™ products can be used by the battery
industry as conductivity enhancement material.
About Westwater Resources
Westwater Resources (NASDAQ: WWR) is focused on developing
energy-related materials. The Company’s battery-materials projects
include the Coosa Graphite Project — the most advanced natural
flake graphite project in the contiguous United States — and the
associated Coosa Graphite Mine located across 41,900 acres (~17,000
hectares) in east-central Alabama. In addition, the Company
maintains lithium mineral properties in prospective lithium brine
basins in Nevada and Utah. Westwater’s uranium projects are located
in Texas and New Mexico. In Texas, the Company has two licensed and
currently idled uranium processing facilities and approximately
11,000 acres (~4,400 hectares) of prospective in-situ recovery
uranium projects. In New Mexico, the Company controls mineral
rights encompassing approximately 188,700 acres (~76,000 hectares)
in the prolific Grants Mineral Belt, which is one of the largest
concentrations of sandstone-hosted uranium deposits in the world.
Incorporated in 1977 as Uranium Resources, Inc., Westwater also
owns an extensive uranium information database of historic drill
hole logs, assay certificates, maps, and technical reports for the
western United States. For more information, visit
www.westwaterresources.net.
Cautionary Statement
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 “expects,”
“estimates,” “projects,” “anticipates,” “believes,” “could,” and
other similar words. All statements addressing events or
developments that WWR expects or anticipates will occur in the
future, including but not limited to statements relating to
developments and future production from the Coosa Project,
including development of a pilot plant in 2020, and the future
performance and optimization of, and market for, the Company’s
graphite products, and the potential for partnering opportunities
or project finance for the Company’s projects, are forward-looking
statements. Because they are forward-looking, they should be
evaluated in light of important risk factors and uncertainties.
These risk factors and uncertainties include, but are not limited
to, (a) the Company’s ability to successfully integrate Alabama
Graphite Corporation’s business into its own, and the risk that
additional analysis of the Coosa Graphite Project may result in
revisions to the findings of WWR’s initial optimization study; (b)
the Company’s ability to raise additional capital in the future;
(c) spot price and long-term contract price of graphite, lithium,
vanadium and uranium; (d) risks associated with our operations and
the operations of our partners such as Dorfner AnzaPlan and Polaris
Laboratories, including the impact of COVID-19; (e) operating
conditions at the Company’s projects; (f) government and tribal
regulation of the graphite industry, the lithium industry, the
vanadium industry, the uranium industry, and the power industry,
and government support for domestic uranium production and nuclear
power; (g) world-wide graphite, lithium, vanadium and uranium
supply and demand, including the supply and demand for
lithium-based batteries; (h) maintaining sufficient financial
assurance in the form of sufficiently collateralized surety
instruments; (i) unanticipated geological, processing, regulatory
and legal or other problems the Company may encounter in the
jurisdictions where the Company operates or intends to operate,
including in Alabama, Texas, New Mexico, Utah, and Nevada; (j) the
ability of the Company to enter into and successfully close
acquisitions or other material transactions; (k) the results of the
Company’s lithium brine exploration activities at the Columbus
Basin and Sal Rica projects, and the possibility that future
exploration results may be materially less promising than initial
exploration result; (i) any graphite, lithium, vanadium or uranium
discoveries not being in high-enough concentration to make it
economic to extract the metals; (m) currently pending or new
litigation or arbitration; and (n) other factors which are more
fully described in the Company’s Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, and other filings with the
Securities and Exchange Commission. Should one or more of these
risks or uncertainties materialize or should any of the Company’s
underlying assumptions prove incorrect, actual results may vary
materially from those currently anticipated. In addition, undue
reliance should not be placed on the Company’s forward-looking
statements. Except as required by law, the Company disclaims any
obligation to update or publicly announce any revisions to any of
the forward-looking statements contained in this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20200602005279/en/
Westwater Resources Contact: Christopher M. Jones, President
& CEO Phone: 303.531.0480 Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481 Email: Info@WestwaterResources.net
Investor Relations Contact: Porter, LeVay & Rose Michael
Porter Matthew Abenante Phone: 212.564.4700 Email:
Westwater@plrinvest.com
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