Westwater Resources to Present at Benchmark Mineral Intelligence’s ‘Graphite + Anodes 2018’ Conference
October 10 2018 - 8:00AM
Business Wire
Westwater Resources, Inc. (“Westwater” or the
“Company”) (Nasdaq: WWR) is pleased to announce
that President and Chief Executive Officer, Christopher M.
Jones will be presenting at Benchmark Mineral Intelligence’s
‘Graphite + Anodes 2018’ Conference, on October 22nd and 23rd in
Newport Beach, California. Mr. Jones is scheduled to present at
noon on Tuesday, October 23rd and will provide a Company overview
and an update on Westwater’s graphite business.
“We are pleased to share our made-in-USA battery-graphite story
at Benchmark’s annual conference,” commented Mr. Jones. “In our
opinion, the demand for natural battery graphite and
high-performance conductivity-enhancement products is growing and
outpacing production capacity, which underscores the importance of
this conference and Westwater’s role in the American
battery-graphite supply chain.”
Westwater’s portfolio of energy materials—graphite,
lithium, and uranium—are on the List of Critical
Minerals, which was finalized and published in May 2018 by the U.S.
Department of the Interior. These minerals were included due to
their importance to the security and economic prosperity of the
United States.
Westwater is working to develop a domestic battery-graphite
business, as well as to explore for lithium in the western United
States. Westwater also holds a portfolio of uranium production and
exploration properties in Texas and New Mexico.
About Westwater Resources, Inc.
Westwater 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. In addition, the Company maintains lithium mineral
properties in three 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.
About Benchmark Mineral Intelligence Limited
Benchmark is an independent price assessment and consultancy
company, specializing in the lithium-ion (“Li-ion”) battery supply
chain. Benchmark is regarded as the most trusted source of
information for the Li-ion battery industry, offering information
pertaining to market pricing, supply and demand data, expert
analysis and specialized forecasting of supply, demand and pricing.
Graphite, lithium, cobalt, and nickel are the critical raw
materials used in today’s battery technologies.
Benchmark collects first-hand data from the major players in
these industries with a goal to setting market prices
and analyzing the constantly changing supply and demand
dynamics. Benchmark is contracted to provide reference pricing
for Bloomberg and Thomson Reuters.
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 Westwater 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 Westwater’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
Westwater’s further analysis of the Coosa project.
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version on businesswire.com: https://www.businesswire.com/news/home/20181010005187/en/
Westwater Resources Contact:Westwater Resources,
Inc.Christopher M. Jones, 303-531-0480President & CEOorJeff
Vigil, 303-531-0481VP Finance &
CFOInfo@WestwaterResources.netorInvestor
Relations Contact:Porter, LeVay and RoseMichael Porter,
212-564-4700Westwater@plrinvest.com
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