Westwater Resources Stock Earnings Reports

Westwater is advancing a vertically integrated U.S. graphite mine-to-market platform centered on the Coosa graphite deposit and the Kellyton graphite plant. Key operational progress includes: Kellyton's qualification line produced aggregate CSPG sample volumes exceeding 1 metric ton, R&D lab activity continues, and approximately $129.6 million has been invested in Kellyton to date. Management reiterates Phase 1 capital at ~ $245 million (including ~ $19 million contingency) and, assuming financing, expects initial production in ~12 months. Coosa received FAST-41 federal permitting designation to improve interagency coordination; permitting is expected to take ~12–24 months. Financial position: $41.5 million cash on hand, ~$71 million available under the ATM program, ~$26 million undrawn on the ELOC; net loss of ~$4.7 million in the quarter. Management is actively pursuing remaining financing, prioritizing nondilutive and lower-cost sources (including government funding) while remaining disciplined on capital spend and aligning construction to available cash. The company noted SK terminated its 2024 procurement agreement but reports ongoing inbound customer interest and progress in customer qualification, with several customers far along pending mass-production samples.