Westwater Resources to Join Russell Microcap® Index
June 17 2021 - 9:00AM
Business Wire
Effective at Market Open on June 28,
2021
Westwater Resources, Inc. (NYSE American: WWR) an energy
materials company and developer of U.S. mineral resources essential
for batteries for energy storage, today announced it is set to join
the Russell Microcap® Index, effective at market open on June 28,
2021. The decision by Russell was first disclosed in a preliminary
list of additions recently published.
Membership in the Russell Microcap® Index, which remains in
place for one year, means automatic inclusion in the appropriate
growth and value style indexes. FTSE Russell determines membership
for its indexes primarily by objective, market capitalization
rankings and style attributes.
“Joining the Russell Microcap® Index is an important milestone
for Westwater as we receive recognition from one of the most
prominent index providers followed by investment managers across
our country,” said Christopher Jones, President and CEO of
Westwater Resources. “We are hopeful this will expand the
participation of institutional investors and benefit our
shareholders with improved liquidity and visibility. We believe
2021 will be an important year for Westwater, as we seek to reach
our strategic objectives and create additional value for our
shareholders.”
About Westwater Resources
Westwater Resources (NYSE American: 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. For more information,
visit www.westwaterresources.net.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $17.9
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
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 improved liquidity and
visibility in the Company’s stock, participation of institutional
investors, and reaching strategic objectives. 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 construct and operate a processing plant
capable of producing battery grade materials in quantities and on
schedules consistent with 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 Dorfner Anzaplan and Samuel Engineering, including
the impact of COVID-19; (e) operating conditions at the Company’s
projects; (f) government and tribal regulation of the graphite
industry and the vanadium industry; (g) world-wide graphite and
vanadium supply and demand, including the supply and demand for
energy storage 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 but not limited to Alabama; (i) the ability of the
Company to enter into and successfully close acquisitions or other
material transactions,; (j) any graphite or vanadium discoveries
not being in high-enough concentration to make it economic to
extract the minerals; (k) currently pending or new litigation or
arbitration; and (l) other factors which are more fully described
in the Company’s Annual Report on Form 10-K, subsequent 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/20210617005262/en/
Westwater Resources
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 Porter, LeVay & Rose Michael
Porter, President Phone: 212.564.4700 Email:
Westwater@plrinvest.com
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