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15.05.25 - 12:36
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Westwater Resources Announces First Quarter Business Updates and Date of Investor Call (Business Wire)
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Estimated Costs for the Kellyton Graphite Plant (Phase I) Remain at $245M
CENTENNIAL, Colo.--(BUSINESS WIRE)--Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company (“Westwater” or the “Company”), is pleased to announce its results for the first quarter ended March 31, 2025, and to provide business and financial updates.
2025 First Quarter Business Highlights
Expected Phase I construction costs at the Kellyton Graphite Plant remain $245 million.
Shipped a customer sample of over 800 kg produced on the qualification line at the Kellyton Graphite Plant.
Increased the technical readiness of the Kellyton Graphite Plant.
“Despite tariffs and an inflationary environment, we still expect the overall construction cost of Phase I to remain at $245 million, which includes a significant unutilized contingency,” said Frank Bakker, Westwater's President and CEO. “This confidence reflects in part that 85% of the Phase I equipment has al...
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07.05.25 - 12:36
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Westwater Resources Receives Letter of Interest from US EXIM Bank for the Kellyton Graphite Plant (Business Wire)
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CENTENNIAL, Colo.--(BUSINESS WIRE)--Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company (“Westwater” or the “Company”), announced today that it has received a letter of interest from US EXIM Bank (“EXIM”) for its Kellyton Graphite Plant, under the “Make More in America Initiative” and the “China and Transformational Export Program.” The letter of interest is separate from the Phase I debt syndication process for the Kellyton plant previously announced, which is still progressing.
“Westwater continues to make progress syndicating its previously announced debt facility. This LOI from EXIM adds additional potential sources of funding as we continue the development of our Kellyton graphite anode processing plant, which is 100% sold out for phase one,” said Steve Cates, Westwater's Chief Financial Officer.
The progression from a letter of interest to a loan commitment from EXIM requires a formal application, and for EXIM to co...
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21.03.25 - 11:36
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Westwater Resources Announces 2024 Business and Financial Updates (Business Wire)
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100% of Anticipated Annual Phase I CSPG Production Under Contract
10% Reduction in Estimated Construction Costs of Kellyton Graphite Plant
CENTENNIAL, Colo.--(BUSINESS WIRE)--Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company (“Westwater” or the “Company”), is pleased to announce its results for the year ended December 31, 2024, and to provide business and financial updates.
2024 Key Highlights
During 2024, Westwater achieved critical milestones and achievements related to its planned natural graphite business, notably:
On February 5, 2024, Westwater announced its off-take agreement with SK On for Coated Spherical Purified Graphite (“CSPG”).
On July 18, 2024, Westwater announced its offtake agreement for CSPG with Fiat Chrysler Automobiles (“FCA”).
With these Offtake Agreements in place, the Company has committed to sell 100% of its anticipated Phase I production capacity and partially committed a portion of the antic...
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28.01.25 - 12:36
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Westwater Resources Announces Update on Debt Financing and Feasibility Results for Phase II of Its Kellyton Graphite Processing Plant (Business Wire)
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CENTENNIAL, Colo.--(BUSINESS WIRE)--Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company (“Westwater” or the “Company”), announces that it has received final investment committee approval from the lead lender (a global financial institution), and the Company is working with Cantor Fitzgerald to finalize the overall syndication and closing of the debt financing for the Kellyton Plant. As a result, the estimated timing to close a debt financing transaction has been delayed.
“Given the 'first of its kind' nature of the Kellyton Plant, the due diligence process undertaken by the lead lender has been significant, and we are pleased to have approval from the lead lender,” said Steve Cates, Westwater's SVP-Finance and CFO. “We are focused on getting the other interested lenders through their diligence and approval process and will provide further updates on timing once we have a better line of sight to closing.”
Westwater n...
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