Enabling Domestic EV Transformation
|52 Week Range||$1.00-$4.90|
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|Fiscal Year End||December|
- A green energy materials company. Having restructured and recapitalized itself over the past five years, Westwater Resources is a late-stage natural graphite development company with a laser focus on becoming the domestic supplier of choice of battery-grade graphite products designed to meet the demand from the electric mobility and storage markets.
- Another regulatory hurdle cleared. The company’s Kellyton, Alabama graphite processing plant recently obtained the state air permit, which should allow the company to complete construction of production facilities and associated infrastructure of Phase 1, keeping the project on-plan for the end of 2Q23 completion.
- Retooling the C-suite. Having executed a smooth CEO transition in late 2021, Westwater Resources recently announced its planned CFO transition, which is expected to be completed by end of August 2022, as the company gets ready for the next phase of its evolution from a resource developer to a commercial manufacturer of critical battery materials.
- “Plant first” can lead to faster value creation. Unlike similar early-stage resource development companies, WWR made the strategic decision to bring on initial processing capacity utilizing a non-Chinese third-party graphite flake supply and develop its own graphite mine later, which should allow the company to achieve commercial revenues and generate operating cash faster than would otherwise be the case. This should provide WWR the means to potentially self-fund, in part, Phase 2 expansion as well as the development of its mine.
- Proprietary process enhances market position. During its pilot plant trials, WWR developed a proprietary, patent-pending purification process that is less environmentally impactful than current technologies used by Chinese producers and allows the company to process graphite flake from different sources to produce 99.95%-plus purity materials required by the battery industry.
Westwater Resources, Inc. operates as an energy materials developer and energy technology company. The company holds interests in the Coosa graphite project, which is the most advanced natural flake graphite deposit in the contiguous United States—covering an area of approximately 41,965 acres in Coosa County, Alabama—and is focused on developing battery-grade natural graphite source for the domestic lithium battery industry. The company’s primary project is the Kellyton graphite processing plant under construction in Alabama. The company, after a long history as a uranium miner, made a strategic decision in 2017 to pivot toward graphite production and purchased Alabama Graphite in March 2018, completing the sale of its uranium assets in January 2021. Since then, WWR invested $18 million in Phase I of a graphite processing plant in Kellyton to purchase and retrofit two buildings at the site of the plant and order long lead-time equipment for the project. Construction of Phase I is expected to be completed by the end of 2Q23.
For more information, visit www.westwaterresources.net.
A green energy materials company. Having restructured and recapitalized itself over the past five years, Westwater Resources is a late-stage natural graphite development company with a laser focus on becoming the domestic supplier of choice of battery-grade graphite products designed to meet the demand from the electric mobility and storage markets.
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