Associated tags: Mining, Natural Resources, Minerals, NYSE, Energy, Batteries, Other Energy, EV, Westwater Resources, Graphite, Electric Vehicles
Locations: AFRICA, AUSTRALIA/OCEANIA, UNITED STATES, CANADA, NORTH AMERICA, AUSTRALIA, COLORADO, SK, CHINA, WESTWATER
Retrieved on:
Wednesday, March 20, 2024
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Rare-earth element 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, 2023, and to provide business and financial updates.
Key Points:
- 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, 2023, and to provide business and financial updates.
- During 2023, Westwater achieved critical milestones and achievements related to its planned natural graphite business, notably:
In May 2023, Westwater announced the execution of a joint development agreement (“JDA”) with SK On Co, Ltd. (“SK On”).
- “We believe 2023 was a year of significant progress across our graphite business, which was the result of tremendous hard work by the Westwater team,” said Terence J. Cryan, Westwater’s Executive Chairman.
- Financial Summary for The Year Ended December 31, 2023
Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company, today announced it will hold a conference call to discuss its financial results for the year ended December 31, 2023, and provide a business update related to its graphite business.
Key Points:
- Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company, today announced it will hold a conference call to discuss its financial results for the year ended December 31, 2023, and provide a business update related to its graphite business.
- The call will be held on March 20, 2024 at 11:00 AM Eastern time.
Retrieved on:
Tuesday, February 27, 2024
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Department of the Treasury Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company (“Westwater” or the “Company”), is announcing an additional increase in Phase I production to 12,500 mt per year of battery-grade natural graphite anode material.
Key Points:
- Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite development company (“Westwater” or the “Company”), is announcing an additional increase in Phase I production to 12,500 mt per year of battery-grade natural graphite anode material.
- In November 2023, Westwater previously announced a capacity increase from 7,500 mt to 10,000 mt per year.
- As a result, Westwater now expects to produce 12,500 MT of CSPG annually – an increase of 25 percent – while remaining within the Phase I cost estimate of $271 million.
- “Westwater is making great progress commercially with the signing of our first multi-year offtake agreement, and now technically by adding additional Phase I production,” said Frank Bakker, Westwater’s President and CEO.
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Negotiation Pursuant to the terms of the Off-Take Agreement, Westwater will supply CSPG-10 natural graphite anode products (the “Product”) from its Kellyton Graphite Plant located near Kellyton, Alabama to SK On battery plants located within the U.S.
Key Points:
- Pursuant to the terms of the Off-Take Agreement, Westwater will supply CSPG-10 natural graphite anode products (the “Product”) from its Kellyton Graphite Plant located near Kellyton, Alabama to SK On battery plants located within the U.S.
- The forecasted volume required by SK On in the final year of the Off-Take Agreement is 10,000 mt of Product.
- This agreement is also a critically important step to securing the additional financing needed to complete construction of Phase I of our Kellyton Graphite Plant,” said Terence Cryan, Westwater’s Executive Chairman.
- We believe that Westwater is well positioned as one of the first U.S.-based suppliers of natural purified graphite for companies seeking an IRA-compliant source by 2025.”
Retrieved on:
Wednesday, December 13, 2023
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Uranium mining Westwater Resources, Inc. (“Westwater” or the “Company”) (NYSE American: WWR), an energy technology and battery-grade natural graphite development company, today announced the availability of an Initial Assessment, with an economic analysis (“IA”), for the Company’s Coosa Graphite Deposit located in Coosa County, Alabama (the “Coosa Deposit”).
Key Points:
- Westwater Resources, Inc. (“Westwater” or the “Company”) (NYSE American: WWR), an energy technology and battery-grade natural graphite development company, today announced the availability of an Initial Assessment, with an economic analysis (“IA”), for the Company’s Coosa Graphite Deposit located in Coosa County, Alabama (the “Coosa Deposit”).
- Frank Bakker, President and Chief Executive Officer of Westwater, stated “The Coosa Deposit is an important asset, not only to Westwater, but we believe a critical asset to the future domestic graphite supply chain.
- We believe that our Coosa Deposit is the largest and most advanced natural graphite deposit in the lower 48 states.
- The IA was completed as a Technical Report Summary (“TRS”), disclosing Mineral Resources, including an economic analysis, for the Coosa Deposit, in accordance with SK-1300.
Retrieved on:
Tuesday, December 12, 2023
Westwater Resources, Inc. (NYSE American: WWR) an energy technology and battery-grade natural graphite development company, today announced it will hold a conference call to provide an update to investors. The call will be held on December 14, 2023, at 11:00 AM Eastern time.
Key Points:
Westwater Resources, Inc. (NYSE American: WWR) an energy technology and battery-grade natural graphite development company, today announced it will hold a conference call to provide an update to investors. The call will be held on December 14, 2023, at 11:00 AM Eastern time.
Retrieved on:
Wednesday, November 15, 2023
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Cryptocurrency 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 third quarter results for the quarter ended September 30, 2023, and to provide business and financial updates.
Key Points:
- 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 third quarter results for the quarter ended September 30, 2023, and to provide business and financial updates.
- Westwater believes these new export restrictions could increase prices of Chinese graphite materials and could disrupt the global production of electric vehicle (“EV”) batteries.
- Westwater still expects to complete and disclose the results of the PEA in the fourth quarter of 2023.
- As of September 30, 2023, Westwater had a cash balance of $11.7 million and has incurred approximately $116.7 million since beginning construction of the Kellyton Plant.
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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.
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Uranium mining 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 second quarter results for the quarter ended June 30, 2023 and to provide business and financial updates.
Key Points:
- 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 second quarter results for the quarter ended June 30, 2023 and to provide business and financial updates.
- As of the date of this press release, Westwater has constructed and is currently operating its research and development laboratory (“R&D Lab”).
- Westwater expects to complete and disclose the results of the PEA in the fourth quarter of 2023.
- Westwater continues to estimate the total costs of the initial phase of the Kellyton Plant to be $271 million.
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Lithium Westwater Resources, Inc. (NYSE American: WWR) an energy technology and battery-grade natural graphite development company, today announced it will hold a conference call to discuss its financial results for the second quarter ended June 30, 2023, and to update investors as to the construction progress and feedstock supply for the Kellyton graphite plant.
Key Points:
- Westwater Resources, Inc. (NYSE American: WWR) an energy technology and battery-grade natural graphite development company, today announced it will hold a conference call to discuss its financial results for the second quarter ended June 30, 2023, and to update investors as to the construction progress and feedstock supply for the Kellyton graphite plant.
- The call will be held on August 15, 2023, at 11:00 AM Eastern time.
