Westwater Resources Announces Transfer to the NYSE American Stock Exchange
March 08 2021 - 8:00AM
Business Wire
Ticker to Remain “WWR”
Westwater Resources, Inc. (“Westwater”) (NASDAQ: WWR), a
battery graphite development company, announced today that it will
change its listing from the Nasdaq Capital Market to the NYSE
American stock exchange on March 19, 2021.
Christopher M. Jones, President and Chief Executive Officer of
Westwater, said, “The New York Stock Exchange has been trading
stocks for over 225 years and is the global leader in listings for
a range of sectors, including technology and energy. As our company
continues to grow, we want to see our shareholders benefit from
this historic and prestigious platform. This is an exciting time
for Westwater.”
With recent announcements by global automobile and battery
makers, including a major announcement by General Motors (March 4,
2021) that they are looking to build a second battery factory in
the United States, electric vehicles and the batteries that power
them are a growing market. Westwater’s planned battery graphite
business is well timed to take advantage of these markets in the
United States and abroad.
The last day of trading on the Nasdaq Capital Market is expected
to be March 18, 2021. Westwater’s common stock will continue to
trade under its existing “WWR” symbol.
About Westwater Resources
Westwater Resources (NASDAQ: WWR) is focused on developing
battery-grade graphite. The Company’s projects include the Coosa
Graphite Project — the most advanced natural flake graphite project
in the contiguous United States — and the associated Coosa Graphite
Deposit located across 41,900 acres (~17,000 hectares) in
east-central Alabama. Ongoing operations of the pilot program are
producing ULTRA-PMG™, ULTRA-DEXDG™ and ULTRA-CSPG™ in quantities
that facilitate qualification testing at potential customers. 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,"
“scheduled,” 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 the transfer of the
Company’s common stock listing from the Nasdaq Capital Market to
the NYSE American stock exchange, including the timing of the
effectiveness of the transfer, and the anticipated timing of WWR’s
planned graphite business. These risk factors and uncertainties
include, but are not limited to, (a) the Company’s ability to
implement the Coosa Graphite Project business plan; (b) the
Company’s ability to raise additional capital in the future
including the ability to utilize existing financing facilities; (c)
spot price and long-term contract price of graphite and vanadium;
(d) risks associated with our operations and the operations of our
partners such as Samuel Engineering, Dorfner Anzaplan and others,
including the impact of COVID-19 and its potential impacts to the
capital markets; (e) operating conditions at the Company’s
projects; (f) government regulation of the graphite industry and
the vanadium industry; (g) world-wide graphite and vanadium supply
and demand, including the supply and demand for lithium-based
batteries; (h) 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 and Colorado; (i) any graphite or vanadium
discoveries not being in high-enough concentration to make it
economic to extract the minerals; (j) currently pending or new
litigation or arbitration; and (k) 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/20210308005218/en/
Westwater Resources Contacts: Christopher M. Jones,
President & CEO Phone: 303.531.0480
Jeff Vigil, VP Finance & CFO Phone: 303.531.0481 Email:
Info@WestwaterResources.net
Product Sales Contact: Jay Wago, Vice President – Sales and
Marketing Phone: 303.531.0472 Email:
Sales@westwaterresources.net
Investor Relations Contact: Porter, LeVay & Rose
Michael Porter Phone: 212.564.4700 Email:
Westwater@plrinvest.com
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