WWR News & Events

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.

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."

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.