Westwater Appoints Karli Anderson to its Board of Directors
September 27 2018 - 8:00AM
Westwater Resources, Inc. (“Westwater,” or the “Company”)
(Nasdaq: WWR), an energy materials development company,
announced today that Karli Anderson was appointed to the Board of
Directors effective September 26, 2018.
Anderson, 45, most recently served as Vice
President Investor Relations for Royal Gold, Inc (NASDAQ: RGLD), a
precious metals stream and royalty company engaged in the
acquisition and management of precious metal streams, royalties,
and similar production-based interests with over 190 properties on
six continents. Previously, Karli was a Senior Director of Investor
Relations for Newmont Mining Corporation, one of the world's
largest gold producers. Karli also serves on the Board of Directors
of the Women’s Mining Coalition.
Terence J. Cryan, Chairman of the Board of
Directors of Westwater Resources commented, “We are thrilled to be
adding Karli to our Board. Her insights and guidance will be
invaluable; she brings a wealth of experience in the mining
industry, as well as her advocacy towards greater corporate
governance within the investment community, which will be critical
assets to WWR.”
Mrs. Anderson holds a Bachelor’s Degree in
telecommunications from Ohio University, a Masters of Business
Administration (finance) from the Wharton School at the University
of Pennsylvania and is in the process of completing her Master’s
Degree in Professional Accounting from Colorado State
University.
“I’m delighted to be a part of Westwater’s Board
at such an exciting time for the Company,” stated Mrs. Anderson.
“With the recently completed acquisition of Alabama Graphite, this
is an excellent opportunity for me to add value to the Company, as
it develops its domestic, made-in-the-USA battery-graphite
business, while leveraging its lithium and uranium properties.”
About Westwater ResourcesWWR is focused on
developing energy-related materials. The Company’s battery
materials projects include the Coosa Graphite Project and the
associated Coosa Graphite Mine located across 41,900 acres in
east-central Alabama. In addition, the Company maintains
lithium mineral properties in three prospective lithium brine
basins in Nevada and Utah. WWR’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 ha) of prospective in-situ
recovery uranium projects. In New Mexico, the Company
controls mineral rights encompassing approximately 188,700 acres
(76,394 ha) 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.,
WWR 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 StatementThis 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 statements relating to the
Company’s growth and developments at the Company’s projects, 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 and uranium; (d)
risks associated with our domestic operations; (e) operating
conditions at the Company’s projects; (f) government and tribal
regulation of the graphite industry, the lithium industry, the
uranium industry, and the power industry; (g) world-wide graphite,
lithium 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, Railroad Valley, and Sal Rica projects, and the possibility
that future exploration results may be materially less promising
than initial exploration result; (I) any graphite, lithium 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. The
results of the initial optimization study are preliminary in nature
and subject to revision following WWR’s further analysis of the
Coosa project.
Westwater Resources Contact: |
Investor Relations Contact: |
Christopher M. Jones, President & CEO |
Michael Porter |
Phone: 303.531.0480 |
Porter, LeVay and Rose |
Jeff Vigil, VP Finance & CFO |
Phone: 212.564.4700 |
Phone: 303.531.0481 |
|
Email: Info@WestwaterResources.net |
Email: Westwater@plrinvest.com |
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