Westwater Resources
Company type | Public limited company |
---|---|
Nasdaq: WWR | |
Industry | Industrial Metals & Minerals |
Founded | 1977[1] |
Headquarters | Centennial, Colorado |
Area served | U.S. |
Key people |
|
Website | www |
Westwater Resources, Inc. (WWR), is an explorer and developer of US-based
Company history
In 1977, the company was founded in
In 2003, the company proposed to mine in traditional Navajo territory.[5] In 2012, the EPA was considering a permit for the Church Rock mine,[6] which had a large uranium spill contaminating the Puerco River and washing downstream to the Navajo Nation in 1979 when it was owned by the United Nuclear Corporation.[7] An online petition received over 15,000 supporters standing against the re-permitting of the Church Rock mine.[8] On April 8, 2016, the company sold its subsidiary, Hydro Resources, Inc. (which holds the Church Rock and Crownpoint uranium properties in New Mexico) to Laramide Resources, Ltd.[9]
In August 2012, the company merged with Neutron Energy, Inc.[10]
In August 2017, the company changed its name from Uranium Resources to Westwater Resources, Inc.[11] The company previously traded under the ticker symbol URRE.
Westwater Resources acquired Alabama Graphite Corp. in April 2018.[12]
Uranium
The company sold its uranium assets located in New Mexico and Texas to enCore Energy Corp. of Vancouver, British Columbia, Canada, a Toronto Venture Exchange-listed company (TSXV:EU). Total consideration accruing to Westwater from the deal is $1.8 million in enCore shares (2,571,598 shares), representing a 1.5% ownership of enCore, and two royalties from future production from the New Mexico uranium properties. enCore also assumed the asset retirement obligation on all remaining uranium reclamation activities associated with the assets in the amount of approximately $6.0 million. The company has since sold its shares in enCore Energy Corp.
Since 2007, Westwater Resources had invested in exploration and development of its uranium projects in
Graphite
In early to mid 2018, Westwater Resources completed the acquisition of Alabama Graphite. Part of that acquisition included the Coosa Graphite Project, held under a long-term lease. It lies about 25 miles southwest of
As for turning the natural flake graphite into a battery-ready product, Westwater Resources has turned to Dorfner Anzaplan (based in Hirschau, Germany) to define the method, equipment, and operating parameters for graphite purification to the 99.95% threshold.[20]
One potentially lucrative aspect of the Coosa Graphite project is that that graphite has been declared a
In 2022 the company broke ground at the Kellyton Graphite Processing Facility in Coosa County, Alabama.[22]
In March 2023 they reported equipment being delivered to the Kellyton, Alabama facility.[23]
In 2023 Westwater signed an agreement with
In 2024 Westwater signed its first offtake agreement with SK On to source a total of 34,000 tons of natural graphite anode products processed at Westwater's Kellyton Graphite Plant for its battery manufacturing facilities in the U.S.[25]
Vanadium
The Coosa Graphite project contains widespread and strong vanadium mineralization in very close association with strong flake graphite
References
- ^ "Westwater Resources, Inc. (WWR) Stock Historical Prices & Data - Yahoo Finance".
- ^ Westwater Resources, Inc. (2018-09-26), Westwater Resources - Lithium Market, archived from the original on 2018-09-27, retrieved 2018-09-26
- ^ Westwater Resources, Inc. "Westwater Resources Company Overview". Retrieved June 30, 2023.
- ^ "South Texas Properties", Westwater, January 1, 2018, archived from the original on January 28, 2020, retrieved January 28, 2020
- ^ Daitz, Ben (May 13, 2003). "A Doctor's Journal; Navajo Miners Battle a Deadly Legacy of Yellow Dust". The New York Times.
- ^ SIDSEL OVERGAARD (2012-05-09). "EPA Revisits Permit for What Could Be First in New Wave of Uranium Mines" (Press release). Retrieved 2018-01-28.
- Environmental Protection Agency, 1983
- ^ SIDSEL OVERGAARD (2012-05-09). "EPA Revisits Permit for What Could Be First in New Wave of Uranium Mines" (Press release). Retrieved 2018-01-28.
- ^ Westwater Resources, Inc. (2016-04-08). "Uranium Resources Executes Definitive Agreement to Raise $12.5 Million from Non-Core Asset Sales" (Press release). Archived from the original on 2019-10-29. Retrieved 2018-10-29.
- ^ Gary C. Huber (2012-08-30), NEUTRON ENERGY, INC. Form: RW, retrieved 2018-09-26
- ^ Westwater Resources, Inc. (2017-08-21). "Uranium Resources Changes its Name to Westwater Resources and Announces New Chairman" (Press release). Retrieved 2018-07-25 – via GlobeNewswire News Room.
- ^ Westwater Resources, Inc. (2018-09-06). "Westwater Resources Completes Acquisition of Alabama Graphite" (Press release). Archived from the original on 2018-09-27. Retrieved 2018-09-26.
- ^ Westwater Resources, Inc. (2019-01-02). "Westwater Announces Acceptance of its Request for Arbitration" (Press release). Archived from the original on 2019-02-15. Retrieved 2019-10-22.
- ^ International Arbitration Database, Inc. (2019-01-02). "Westwater Resources V Turkey" (Press release). Retrieved 2019-02-15.
- ^ "Westwater Resources, Inc. v. Republic of Turkey (ICSID Case No. ARB/18/46)". January 28, 2020. Retrieved January 28, 2020.
- ^ "Westwater Resources, 2023 Q1 Report SEC Filings". May 10, 2023. Retrieved June 30, 2023.
- ^ "Westwater Resources, Inc. v. Republic of Türkiye (ICSID Case No. ARB/18/46)". November 6, 2019. Retrieved January 28, 2020.
- ^ Jeremy Law (2018-05-16). "Westwater Resources acquires Alabama Graphite". Retrieved 2020-02-22.
- ^ Westwater Resources, Inc. (2019-02-14). "Form 10K Summary SEC Filing" (Press release). Archived from the original on 2020-02-23. Retrieved 2020-02-22.
- ^ Westwater Resources, Inc. (2019-02-14). "Form 10K Summary SEC Filing" (Press release). Archived from the original on 2020-02-23. Retrieved 2020-02-22.
- ^ Jeremy Law (2018-05-16). "Westwater Resources acquires Alabama Graphite". Retrieved 2020-02-22.
- ^ Staff, WSFA 12 News (2022-04-19). "Nation's first graphite processing plant breaks ground in Alabama". www.wsfa.com. Retrieved 2024-04-25.
{{cite web}}
: CS1 maint: numeric names: authors list (link) - ^ SPG Equipment Delivery Kellyton Advanced Graphite Processing Plant. Retrieved 2024-04-25 – via www.youtube.com.
- ^ Bin, Nan-Sae (4 May 2023). "SK On to develop anode materials with Westwater Resources of US". The Korea Economic Daily. Retrieved 7 June 2023.
- ^ "SK On Signs Agreement with Westwater Resources for Natural Graphite". SK. Retrieved 2024-04-25.
- ^ "US Geological Survey Releases 2022 List of Critical Materials". Retrieved 30 June 2023.
- ^ Polyak, Désirée E. "Mineral Commodity Summaries 2023: Vanadium" (PDF). United States Geological Survey. Archived (PDF) from the original on 7 February 2023. Retrieved 30 June 2023.
- ^ "Mineral Commodity Summaries 2023: Vanadium". Retrieved 30 June 2023.