WWR News & Events

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 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.

Looking ahead, Westwater remains focused on advancing its vertically integrated, mine-to-market graphite platform. "Westwater is focused on advancing a secure, domestic supply of battery-grade graphite," said Terence Cryan, Executive Chairman of Westwater Resources. "In 2026, we plan to continue customer qualification, advance permitting at Coosa, and put in place the lowest available cost of capital financing necessary to complete Phase I of Kellyton. Based on our progress, we believe we are the most advanced American developer of battery-grade natural graphite and, once financing is in place, we will be well-positioned to begin supplying the market within approximately 12 months." During 2026, the Company expects to continue operating the Kellyton qualification line to support customer sampling and qualification, and to continue our permitting and environmental work at the Coosa Graphite Deposit. Westwater also plans to pursue additional offtake opportunities across multiple end markets, including battery manufacturers, automotive OEMs, defense contractors, and other industrial customers, while continuing to evaluate financing options, including potential government-supported funding, to support Phase I at Kellyton.