Westwater Resources Strengthens Senior Financial Management Team
May 12 2021 - 5:19PM
Business Wire
Steve Cates Appointed as Chief Accounting
Officer and Controller
Westwater Resources, Inc. (NYSE American: WWR), an energy
materials company and developer of U.S. mineral resources essential
for batteries for energy storage, today announced the appointment
of Steven M. Cates as Chief Accounting Officer & Controller
(“CAO”), effective May 10, 2021. As the Company’s CAO, Mr. Cates
will serve as the principal accounting officer overseeing all
accounting operations, financial reporting, tax and treasury
functions. Mr. Cates will report to Chief Financial Officer Jeffrey
L. Vigil, who will continue to serve as the Company’s principal
financial officer.
Christopher M. Jones, President and Chief Executive Officer,
said, “As we manage the execution of our graphite business plan and
in anticipation of the coming growth of the Company and its
business, it is important that we ask strong leaders to join our
team with the expertise necessary to support this growth. Steve has
answered our call with excellent financial management expertise and
his appointment to a senior leadership position strengthens
Westwater’s financial management team.”
Jeffrey L. Vigil, Vice President-Finance and Chief Financial
Officer, said, “After a comprehensive search process that yielded
many highly qualified candidates, we are very pleased to have Steve
join the Westwater team. Steve is a proven financial manager whose
skills and experience will be instrumental in this stage of
anticipated growth and value creation at Westwater.”
Mr. Cates joins the Company from Apartment Income REIT Corp.
(NYSE: AIRC), a real estate investment trust, where he served as
Controller. Prior to his time at AIRC, Mr. Cates held various
accounting and financial reporting roles at companies including
Caliber Midstream Partners, LP, an energy and oil infrastructure
company, American Midstream Partners, Newmont Mining Corporation
and Thompson Creek Metals Company, Inc. Mr. Cates began his
accounting career at KPMG in 2002, where he served as senior
manager for audit and advisory services through 2009. Mr. Cates
earned a B.S. in Accounting from the University of Redlands and is
a Certified Public Accountant in the State of Colorado.
About Westwater Resources
Westwater Resources (NYSE American: WWR) is focused on
developing battery-grade graphite. The Company’s projects include
the Coosa Graphite Project — the most advanced natural flake
graphite project in the contiguous United States — and the
associated Coosa Graphite Deposit located across 41,900 acres
(~17,000 hectares) in east-central Alabama. 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,"
“scheduled,” 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 potential growth of
the Company’s graphite business, commencement of operations at the
Company’s proposed pilot plant facilities, future production of
battery graphite products, future financing activities and
financial resources, and activities involving the Coosa Graphite
Project and the Coosa Graphite Deposit. 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 construct and operate a pilot plant capable
of producing battery grade materials in quantities and on schedules
consistent with the Coosa Graphite Project business plan; (b) the
Company’s ability to raise additional capital in the future
including the ability to utilize existing financing facilities; (c)
spot price and long-term contract price of graphite and vanadium;
(d) risks associated with our operations and the operations of our
partners such as Dorfner Anzaplan and Samuel Engineering, including
the impact of COVID-19 and its potential impacts to the capital
markets; (e) operating conditions at the Company’s projects; (f)
government regulation of the graphite industry and the vanadium
industry; (g) world-wide graphite and vanadium supply and demand,
including the supply and demand for energy storage batteries; (h)
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 but not limited
to Alabama; (i) any graphite or vanadium discoveries not being in
high-enough concentration to make it economic to extract the
minerals; (j) currently pending or new litigation or arbitration;
and (k) other factors which are more fully described in the
Company’s Annual Report on Form 10-K, subsequent 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210512006033/en/
Westwater Resources
Christopher M. Jones, President & CEO Phone: 303.531.0480
Jeff Vigil, VP Finance & CFO Phone: 303.531.0481 Email:
Info@WestwaterResources.net
Product Sales Contact: Jay Wago, Vice President – Sales and
Marketing Phone: 303.531.0472 Email:
Sales@westwaterresources.net
Investor Relations Porter, LeVay & Rose Michael
Porter, President Phone: 212.564.4700 Email:
Westwater@plrinvest.com
Westwater Resources (NASDAQ:WWR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Westwater Resources (NASDAQ:WWR)
Historical Stock Chart
From Apr 2023 to Apr 2024