Westwater Resources Inc (WWR) News & EventsWWRWestwater Resources Inc

Westwater Resources Reports Cash Balance of Approximately $41.5M

Reports Cash balance of approximately $41.5M as of March 31. "During the Q1, we continued to advance our vertically integrated, mine-to-market graphite platform in Alabama," said Frank Bakker, President and CEO of Westwater Resources. "Our focus remains on execution across Coosa permitting, qualification activities, and measured construction progress at Kellyton, while actively pursuing financing initiatives to support completion of Phase I. We are prioritizing non-dilutive and lower-cost capital where available, including potential government funding programs, as we work to build a domestic supply chain for battery-grade graphite."

Westwater Resources Coosa Graphite Deposit Designated as FAST-41 Project

Westwater Resources announced that the Coosa Graphite Deposit has been designated as a "covered project" under FAST-41 and added to the federal permitting dashboard. Designation as a FAST-41 covered project supports a more coordinated and transparent federal permitting process, including a publicly available permitting timetable. This framework is designed to improve visibility and coordination as agencies advance environmental review and permitting activities for Coosa. The Coosa Graphite Deposit, located in Coosa County, Alabama, is the largest natural flake graphite deposit in the contiguous United States and spans approximately 41,965 acres. Coosa's addition to the FAST-41 Dashboard reflects its role in building a domestic supply of graphite.

Westwater Reports Increased Net Loss in 2025, CEO Highlights Progress

The increase in net loss was primarily attributable to costs associated with convertible note issuances and related fair value adjustments, increased stock-based compensation expense, and expenses related to advancing permitting activities at Coosa. "During 2025, we made solid progress advancing our vertically integrated domestic graphite business," said Frank Bakker, CEO. "At Kellyton, we continued construction, produced customer samples, and completed additional optimization work while maintaining our capital estimate for plant completion despite higher input costs. We also moved forward on permitting at Coosa and continued engaging with customers. Based on the progress we've made, including the successful patenting of our graphite purification process, we believe Westwater is the most advanced American developer of battery-grade natural graphite in the United States. We believe we are well positioned as demand for domestic graphite continues to grow."