Westwater Resources Announces Conference Call For Second Quarter 2020 Results & Business Update
July 23 2020 - 8:00AM
Business Wire
Westwater Resources, Inc. (Nasdaq: WWR), an energy
materials development company, will hold a conference call to
discuss its financial results and recent developments for its
second quarter ended June 30, 2020 on Thursday, August 6, 2020 at
12:00 p.m. Eastern Time (10:00 a.m. Mountain Time).
Dial-in Numbers:
+1 (800) 319-4610 (U.S. and Canada) +1 (604) 638-5340
(International) Conference ID: Westwater Resources Conference
Call
Hosting the 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 Financial
Officer and Dain McCoig, Vice President of Operations. Mr. Jones
will present an overview of the Company’s business position and
provide updates on its graphite, lithium and uranium activities.
Mr. Vigil will review the financial results. Mr. McCoig will be
available for questions as part of the call.
The conference call and presentation will also be available via
a live webcast through the Company’s website,
www.WestwaterResources.net. A replay of the call will be available
on the Company’s website for a limited time and by phone using the
details below.
Replay Numbers: +1 (855) 669-9658 (U.S. and Canada) +1 (412)
317-0088 (International) Replay Access Code: 4994
About Westwater Resources
Westwater Resources (NASDAQ: WWR) is focused on developing
energy-related materials. The Company’s battery-materials projects
include the Coosa Graphite Project — the most advanced natural
flake graphite project in the contiguous United States — and the
associated Coosa Graphite Mine located across 41,900 acres (~17,000
hectares) in east-central Alabama. Processing pilot plant
operations are scheduled in the fourth quarter of 2020, producing
ULTRA-PMG™, ULTRA-DEXDG™ and ULTRA-CSPG™ in quantities that
facilitate qualification testing at potential customers. In
addition, the Company maintains lithium mineral properties in
prospective lithium brine basins in Nevada and Utah. Westwater’s
uranium projects are located in Texas and New Mexico. In Texas, the
Company has two licensed and currently idled uranium processing
facilities and approximately 11,000 acres (~4,400 hectares) of
prospective in-situ recovery uranium projects. In New Mexico, the
Company controls mineral rights encompassing approximately 188,700
acres (~76,000 hectares) in the prolific Grants Mineral Belt, which
is one of the largest concentrations of sandstone-hosted uranium
deposits in the world. Incorporated in 1977 as Uranium Resources,
Inc., Westwater also owns an extensive uranium information database
of historic drill hole logs, assay certificates, maps, and
technical reports for the western United States. For more
information, visit www.westwaterresources.net.
Cautionary Statement
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are subject to risks, uncertainties and
assumptions and are identified by words such as "expects,"
"estimates," "projects," "anticipates," "believes," "could," and
other similar words. All statements addressing events or
developments that WWR expects or anticipates will occur in the
future, including but not limited to the future demand for and
price of graphite, lithium and uranium, the Company’s growth,
developments at the Company’s projects, and the Company’s liquidity
and cash demands, including future capital markets financing and
disposition activities, are forward-looking statements. Because
they are forward-looking, they should be evaluated in light of
important risk factors and uncertainties. These risk factors and
uncertainties include, but are not limited to, (a) the Company’s
ability to successfully integrate Alabama Graphite Corporation’s
business into its own, and the risk that additional analysis of the
Coosa Graphite Project may result in revisions to the findings of
WWR’s initial optimization study; (b) the Company’s ability to
raise additional capital in the future; (c) spot price and
long-term contract price of graphite, lithium, vanadium and
uranium; (d) risks associated with our operations and the
operations of our partners such as Dorfner Anzaplan, including the
impact of COVID-19; (e) operating conditions at the Company’s
projects; (f) government and tribal regulation of the graphite
industry, the lithium industry, the vanadium industry, the uranium
industry, and the power industry, and government support for
domestic uranium production and nuclear power; (g) world-wide
graphite, lithium, vanadium and uranium supply and demand,
including the supply and demand for lithium-based batteries; (h)
maintaining sufficient financial assurance in the form of
sufficiently collateralized surety instruments; (i) unanticipated
geological, processing, regulatory and legal or other problems the
Company may encounter in the jurisdictions where the Company
operates or intends to operate, including in Alabama, Texas, New
Mexico, Utah, and Nevada; (j) the ability of the Company to enter
into and successfully close acquisitions or other material
transactions; (k) the results of the Company’s lithium brine
exploration activities at the Columbus Basin and Sal Rica projects,
and the possibility that future exploration results may be
materially less promising than initial exploration result; (l) any
graphite, lithium, vanadium or uranium discoveries not being in
high-enough concentration to make it economic to extract the
metals; (m) currently pending or new litigation or arbitration; and
(n) other factors which are more fully described in the Company’s
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and
other filings with the Securities and Exchange Commission. Should
one or more of these risks or uncertainties materialize or should
any of the Company’s underlying assumptions prove incorrect, actual
results may vary materially from those currently anticipated. In
addition, undue reliance should not be placed on the Company’s
forward-looking statements. Except as required by law, the Company
disclaims any obligation to update or publicly announce any
revisions to any of the forward-looking statements contained in
this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20200723005221/en/
Westwater Resources Contact: Christopher M. Jones, President
& CEO Phone: 303.531.0480 Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481 Email: Info@WestwaterResources.net
Investor Relations Contact: Porter, LeVay & Rose
Michael Porter Phone: 212.564.4700 Email:
Westwater@plrinvest.com
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