CENTENNIAL, Colo.–(Business enterprise WIRE)–Westwater Sources, Inc. (Nasdaq: WWR), an electrical power products growth company, will maintain a conference phone to explore its economic effects for the third quarter finished September 30, 2020, and the enterprise outlook for the remainder of the 12 months. The convention contact will be held on Thursday, November 12, 2020 at 11:00 am Eastern time (9:00 am Mountain Time).
1-800-319-4610 (US and Canada)
Conference ID: Westwater Methods Conference Simply call
Hosting the simply call will be Christopher M. Jones, President and Chief Executive Officer of Westwater Resources, who will be joined by Jeffrey L. Vigil, Vice President-Finance and Chief Economic Officer, and Dain McCoig, Vice President of Functions. Mr. Jones will current an overview of the Company’s business enterprise position, together with the pending sale of its uranium homes, an update on the Coosa Graphite Venture, which include the status of the development of its pilot plant, and the U.S. Government’s recent ruling on graphite. Mr. Vigil will critique the monetary outcomes and the monetary ailment of the Company and Mr. McCoig will be out there for inquiries as aspect of the simply call.
The convention contact and presentation will also be accessible by way of a dwell webcast by means of the Company’s web site, www.westwaterresources.net.
As an integral step in the Company’s new determination to graphite, on September 8, 2020, Westwater introduced a binding letter of intent to market its uranium assets located in New Mexico and Texas to enCore Energy Corp. (“enCore”) of Vancouver, British Columbia, Canada. Complete payment accruing to Westwater as component of the deal is anticipated to be in excess of US$1.95 million in enCore widespread shares and in retained royalties from upcoming manufacturing from the New Mexico uranium attributes. All remaining reclamation liabilities and bonding obligations for the Company’s uranium houses in Texas will be transferred to enCore at the time of sale, with the transaction anticipated to shut on or ahead of December 31, 2020.
On August 20, 2020, Westwater declared the commencement of its graphite pilot plant plan. The pilot plant is at present less than design at Dorfner Anzaplan’s facility in the vicinity of Amberg, Germany, supported by other facilities in Frankfurt, Germany, Chicago, IL and Buffalo, NY. This blended exertion is expected to create a overall of extra than 10 metric tonnes of 3 trademarked battery graphite items: Extremely-PMGTM, Extremely-CSPGTM and Ultra-DEXDGTM.
“We are delighted with the development manufactured in the 3rd quarter, which has continued into the present quarter,” explained Mr. Jones. “In Oct, President Trump declared the USA’s weighty reliance on international nations for crucial minerals as a countrywide unexpected emergency. The declaration highlights the significance of Westwater’s options to build the Coosa Graphite Deposit in east-central Alabama. Westwater’s business plan for the Coosa Graphite Project around the upcoming two and a half years is to establish a U.S. domestic source for natural graphite, which ought to help abate the country’s present-day reliance on foreign graphite.”
“We are also making wonderful progress with our pilot plant,” Mr. Jones added. “On October 9, 2020, we introduced delivery of 30 metric tonnes of natural flake graphite focus at Dorfner’s facility in Germany.”
“We proceed to execute our organization system, and we are on the lookout ahead to saying supplemental optimistic news as we method year-conclusion,” stated Mr. Vigil. “Selling our uranium company will be an accretive step, a person that permits us to travel our Coosa Graphite Undertaking forward and to generate and sector our trademarked graphite goods. We are pleased to be ready to produce such very good news to our shareholders.”
A replay of the get in touch with will be readily available on the company’s internet site for a limited time and by mobile phone employing the information down below:
+1 (855) 669-9658 (U.S. and Canada)
+1 (412) 317-0088 (Global)
Replay Access Code 5521
About Westwater Resources
Westwater Resources (NASDAQ: WWR) is centered on establishing power-connected resources. The Company’s battery-components projects incorporate the Coosa Graphite Venture — the most advanced organic flake graphite task in the contiguous United States — and the affiliated Coosa Graphite Mine positioned across 41,900 acres (~17,000 hectares) in east-central Alabama. Westwater’s uranium initiatives, positioned in Texas and New Mexico, are the issue of a pending sale to enCore Power Corp. Also involved in the sale are an considerable uranium facts database of historic drill gap logs, assay certificates, maps, and technical experiences for the western United States. For extra data, pay a visit to www.westwaterresources.net.
This news release has forward-seeking statements inside the meaning of the Personal Securities Litigation Reform Act of 1995. Ahead-seeking statements are subject to hazards, uncertainties and assumptions and are recognized by words such as “expects,” “estimates,” “assignments,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing situations or developments that WWR expects or anticipates will happen in the potential, together with but not constrained to the closing of the transaction with enCore Vitality Corp., long run need for and cost of graphite, the Company’s growth, developments at the Company’s assignments and the output expected therefrom, including relating to the proposed pilot plant and generation of battery graphite goods, and the Company’s liquidity and income calls for, such as long run money marketplaces funding and disposition routines, are forward-hunting statements. For the reason that they are ahead-hunting, they should really be evaluated in light-weight of essential possibility aspects and uncertainties. These hazard aspects and uncertainties contain, but are not limited to, (a) the Company’s means to properly integrate Alabama Graphite Corporation’s small business into its personal, and the danger that added investigation of the Coosa Graphite Undertaking may outcome in revisions to the findings of WWR’s initial optimization examine (b) the Company’s potential to elevate further money in the potential (c) location price tag and long-phrase agreement price tag of graphite and vanadium (d) risks connected with our functions and the functions of our partners such as Dorfner Anzaplan, which includes the effect of COVID-19 (e) functioning conditions at the Company’s assignments (f) authorities and tribal regulation of the graphite industry and the vanadium marketplace (g) world-vast graphite and vanadium offer and demand from customers (h) retaining enough economical assurance in the form of adequately collateralized surety devices (i) unanticipated geological, processing, regulatory and lawful or other troubles the Business may possibly come across in the jurisdictions where the Business operates or intends to run, which includes Alabama (j) the skill of the Company to enter into and correctly close acquisitions or other substance transactions (k) any graphite or vanadium discoveries not staying in high-plenty of concentration to make it financial to extract the metals (l) at the moment pending or new litigation or arbitration and (m) other variables which are extra completely explained in the Company’s Yearly Report on Form 10-K, Quarterly Reports on Sort 10-Q, and other filings with the Securities and Exchange Commission. Ought to just one or more of these dangers or uncertainties materialize or must any of the Company’s underlying assumptions demonstrate incorrect, actual final results may perhaps differ materially from people currently predicted. In addition, undue reliance should not be placed on the Company’s ahead-on the lookout statements. Other than as necessary by legislation, the Business disclaims any obligation to update or publicly announce any revisions to any of the forward-wanting statements contained in this information release.