Westwater Resources

American Future Fuel Successfully Drills Second Hole, with Positive Results: Confirming Historical Data

Retrieved on: 
Wednesday, October 18, 2023
Technical report, Westwater Resources, Resource, Stealth Inc 2: A Game of Clones, CPG, Uranium, Technical, News, Warrant, Project, National instrument, National Instrument 43-101, CO, Uranium mining, La familia Cebolleta

Key elements to evaluate our current results with historic data are lithology along with depth, amplitude and peaks of mineralization.

Key Points: 
  • Key elements to evaluate our current results with historic data are lithology along with depth, amplitude and peaks of mineralization.
  • Thus far, reported results are remarkably good matches to the Company’s historic database.
  • Sohio completed extensive equilibrium studies at the Project and determined there was a consistent trend of chemical assays exceeding radiometric assays1.
  • The Warrants were originally issued on May 24, 2022, and are currently exercisable at a price of $1.25 per Share.

New Chinese Restrictions on Supply of Natural Graphite Will Negatively Impact Batteries Used in EV Market

Retrieved on: 
Monday, October 23, 2023
Technology, Chemicals, Plastics, EV, Electric Vehicles, Other Energy, Manufacturing, Automotive, Batteries, Alternative Energy, Energy, Other Natural Resources, Other Technology, Mining, Minerals, Natural Resources, Other Automotive, Westwater Resources, Graphite, NYSE, Aluminium

Westwater Resources, Inc. (NYSE: American: WWR), an energy technology and battery-grade natural graphite company (“Westwater Resources”), today acknowledged that new Chinese restrictions on the supply of natural graphite will negatively impact the availability of battery anode material which is a critical component in producing the lithium-ion batteries that are used in electric vehicles.

Key Points: 
  • Westwater Resources, Inc. (NYSE: American: WWR), an energy technology and battery-grade natural graphite company (“Westwater Resources”), today acknowledged that new Chinese restrictions on the supply of natural graphite will negatively impact the availability of battery anode material which is a critical component in producing the lithium-ion batteries that are used in electric vehicles.
  • However, the United States currently has no domestic production of natural graphite and no domestic processing of graphite into anode materials for EV batteries.
  • Westwater Resources is committed to changing this imbalance by providing a domestic supply of natural graphite and a domestic source of graphite processing for the EV market.
  • Westwater Resources is currently building its Kellyton Graphite Processing Plant, which will supply processed graphite to the EV market beginning in early 2025.

American Future Fuel Drills Higher than Historical Uranium Grades in First Twin Hole at Cebolleta

Retrieved on: 
Friday, September 22, 2023
Technical report, Westwater Resources, Resource, CPG, Uranium, CO, National instrument, Stealth Inc 2: A Game of Clones, Project, National Instrument 43-101, Mineral resource estimation, News, Technical, Uranium mining, La familia Cebolleta

As part of the confirmation program, the Company is also evaluating the radiometric equilibrium of uranium mineralization using chemical assays of core samples to compare with radiometric results.

Key Points: 
  • As part of the confirmation program, the Company is also evaluating the radiometric equilibrium of uranium mineralization using chemical assays of core samples to compare with radiometric results.
  • Sohio completed extensive equilibrium studies at the Project and determined there was a consistent trend of chemical assays exceeding radiometric assays1.
  • David Suda, CEO of the Company, stated, “The results from our first confirmation twin drill hole exceeded the historical grade.
  • This is highly encouraging as it brings us closer to proving the historical resource of 18.98 million pounds.

American Future Fuel Begins Confirmation Drilling of Historical Inferred Uranium Resource of 18.98 Million Pounds(i) at Cebolleta

Retrieved on: 
Wednesday, September 13, 2023
Database, CSE, WKN, Uranium, Technical report, Westwater Resources, K14, Resource, CPG, AMPS, JJ, CO, National instrument, Project, National Instrument 43-101, United, News, Technical, Uranium mining, La familia Cebolleta

With the first phase of drilling underway, the Company anticipates releasing results from the first confirmation hole in the coming days.

Key Points: 
  • With the first phase of drilling underway, the Company anticipates releasing results from the first confirmation hole in the coming days.
  • Concurrently, the Company has already commenced permitting plans for phases 2 and 3 of drilling.
  • Phase 2 is anticipated to allow 20 to 30 confirmation holes in Area III of the Project.
  • This database was the basis for the historical estimate as well as the Company’s ongoing confirmation drilling.

American Future Fuel Receives Drilling Permit to Begin Drill Confirmation of Historical Inferred Uranium Resource of 18.98 Million Pounds(i) at Cebolleta

Retrieved on: 
Friday, August 25, 2023
Database, Grenfell Tower Inquiry Phase 2, Uranium, Technical report, Westwater Resources, Resource, CPG, History, JJ, CO, National instrument, Project, National Instrument 43-101, United, News, Uranium mining, La familia Cebolleta

“The receipt of this drilling permit from New Mexico Mining and Minerals Division allows the Company to initiate confirmation of the historical resource at Cebolleta, with the goal of producing a current mineral resource estimate,” stated American Future Fuel CEO, David Suda.

Key Points: 
  • “The receipt of this drilling permit from New Mexico Mining and Minerals Division allows the Company to initiate confirmation of the historical resource at Cebolleta, with the goal of producing a current mineral resource estimate,” stated American Future Fuel CEO, David Suda.
  • Phase 2 is anticipated to allow 20 to 30 confirmation holes in Area III of the Project.
  • The Company anticipates starting Phase 2 drilling during the fourth quarter of 2023 or first quarter of 2024, pending receipt of a second permit.
  • This database was the basis for the historical estimate as well as the Company’s ongoing confirmation drilling.

SK On signs deal with Westwater Resources to develop anode materials

Retrieved on: 
Wednesday, May 3, 2023
Ford Motor Company, Graphite, Executive, Partnership, JDA, EV, SK, Life, Ford, Hyundai Motor Group, IRA, Westwater Resources, Plant, Inflation, SK Innovation, Inflation Reduction Act of 2022, NYSE, Electric battery, Lithium, Commerce

SEOUL, South Korea, May 2, 2023 /PRNewswire/ -- SK On, a leading electric vehicle (EV) battery manufacturer, announced today it has signed a joint development agreement (JDA) with U.S. graphite company Westwater Resources Inc. (NYSE: WWR) as part of efforts to strengthen its battery raw material supply chain in North America following the enactment of the Inflation Reduction Act (IRA).

Key Points: 
  • The partnership is part of SK On's efforts to diversify its supply chain and support a growing U.S. manufacturing base.
  • Under the agreement, the two companies will work together to develop environmentally responsible, high-performance anode materials tailored for SK On batteries.
  • SK On recently agreed with Hyundai Motor Group to establish an EV battery plant in Bartow County, Georgia, through a joint venture.
  • Established in 1977, Westwater Resources is an energy technology company focused on developing U.S.-based battery-grade natural graphite anode materials.

Westwater Resources Announces FY 2022 Results and Significant Strategic, Operational and Financial Updates

Retrieved on: 
Tuesday, March 7, 2023
Technology, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Other Energy, Energy, Batteries, Mining, Minerals, Natural Resources, Westwater Resources, DFS, NYSE, IRR, Inflation Reduction Act of 2022, Plant, Economics, Sale, CSPG, Phase, CFO, Inflation, Rare-earth element, Life insurance

Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company, is pleased to announce its year-end 2022 results and provide various strategic, operational and financial updates.

Key Points: 
  • Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company, is pleased to announce its year-end 2022 results and provide various strategic, operational and financial updates.
  • Westwater Resources has entered into an agreement with a Tier 1 battery manufacturer for electric vehicles.
  • “Following the passage of the Inflation Reduction Act, many battery manufacturers have sought to secure North American anode material.
  • “Great work by the Westwater team has resulted in significant improvements to the project economics for the Kellyton Graphite Plant,” said Frank Bakker, President and CEO.

Idaho Strategic Resources Withdraws Proposal to Acquire Westwater Resources

Retrieved on: 
Tuesday, February 14, 2023
Mining, Minerals, Natural Resources, Westwater Resources, IDR, REE, Gold, NYSE, M&A, WWR, Mineral, Cryptocurrency

Idaho Strategic Resources (NYSE American: IDR) (“Idaho Strategic” or “we”) today announced that it has withdrawn its business combination proposal to acquire Westwater Resources, Inc. (NYSE American: WWR) (“WWR” or “Westwater”) for $1.36 per share due to the Board of Directors (the “Board”) of Westwater’s continued unwillingness to constructively engage in discussions around a potential combination.

Key Points: 
  • Idaho Strategic Resources (NYSE American: IDR) (“Idaho Strategic” or “we”) today announced that it has withdrawn its business combination proposal to acquire Westwater Resources, Inc. (NYSE American: WWR) (“WWR” or “Westwater”) for $1.36 per share due to the Board of Directors (the “Board”) of Westwater’s continued unwillingness to constructively engage in discussions around a potential combination.
  • The proposal to build a new domestic critical minerals company represented a share price premium of approximately 73% to the last unaffected trading day for both companies prior to the business combination proposal announcement on December 22, 2022.
  • “We are disappointed that the Westwater Board has refused to even discuss the potential combination of our two companies and ignored our proposal that would deliver immediate and long-term value to all Westwater shareholders,” said John Swallow, Idaho Strategic President and CEO.
  • Our gold operations are hitting stride and the dynamic nature of the REE industry seems to be changing almost daily.

Idaho Strategic Resources Sends Letter to the Board of Westwater Resources Regarding Its Value-Enhancing Business Combination Proposal

Retrieved on: 
Wednesday, January 25, 2023
Mining, Minerals, Natural Resources, Unitary state, Westwater Resources, IDR, Gold, NYSE, Government, Letter, WWR, Westwater, Metal, Growth, Mineral, Communication, Uranium mining, Management, Cryptocurrency, Security (finance)

Idaho Strategic Resources (NYSE American: IDR) (“Idaho Strategic” or “we”) today sent the following letter to the Board of Directors (the “Board”) of Westwater Resources, Inc. (NYSE American: WWR) (“WWR” or “Westwater”) regarding its preliminary business combination proposal to acquire all outstanding shares of Westwater at approximately $1.36 per share in IDR stock.

Key Points: 
  • Idaho Strategic Resources (NYSE American: IDR) (“Idaho Strategic” or “we”) today sent the following letter to the Board of Directors (the “Board”) of Westwater Resources, Inc. (NYSE American: WWR) (“WWR” or “Westwater”) regarding its preliminary business combination proposal to acquire all outstanding shares of Westwater at approximately $1.36 per share in IDR stock.
  • We have since reiterated that proposal in numerous private attempts at engagement – unfortunately, without any meaningful or constructive responses from you.
  • It values Westwater at approximately $1.36 per share, representing a premium of approximately 73% to the last unaffected trading day for both companies prior to the business combination proposal announcement on December 22, 2022.
  • We ask that the Board please take our business combination proposal seriously and we look forward to engaging with you to finalize the terms of our proposal.

Westwater Resources to Participate in a Fireside Chat on Thursday, January 19

Retrieved on: 
Wednesday, January 11, 2023
Technology, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Chemicals, Plastics, Manufacturing, Batteries, Mining, Minerals, Natural Resources, Fireside, Fireside chats, Research, EST, Chat, Westwater Resources, Person, NYSE

Westwater Resources, Inc. (NYSE American: WWR), a battery-grade, natural graphite development company (“Westwater” or “the “Company”), today announced that it will participate in a Fireside Chat with Water Tower Research on Thursday, January 19, 2023, at 2:00 pm EST.

Key Points: 
  • Westwater Resources, Inc. (NYSE American: WWR), a battery-grade, natural graphite development company (“Westwater” or “the “Company”), today announced that it will participate in a Fireside Chat with Water Tower Research on Thursday, January 19, 2023, at 2:00 pm EST.
  • Water Tower Research will host a conversation with Steve Cates, Westwater Resources Chief Financial Officer.
  • Investors and other persons interested in joining the Fireside Chat must register using the link below.
  • Please note that the replay may be accessed at any time after the Chat ends utilizing the same registration link.