Westwater Resources

Website: www.westwaterresources.net
Primary ticker: NASDAQ:WWR
Stage of development: Exploration, Development
Primary minerals: Battery Ready Graphite, Lithium, Vanadium, Uranium
Project to promote: Coosa Graphite Project
Project location: USA
Company presentation: click here

Live financials

Cash: USD$0.9M 
Debt: USD$0.3M 

Major shareholders:
Management ownership – 1%

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. 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.

Management Profile

Christopher M. Jones, President & CEO

Christopher M. Jones joined Westwater Resources as President and Chief Executive Officer in April 2013. Mr. Jones has more than 30 years of experience in positions of increasing responsibility in senior management as CEO and in operational leadership roles in the mining and energy industries. He was most recently President and CEO of Wildcat Silver Corporation, where his team effectively doubled the size of the resource twice using proven metallurgical technologies. Prior to that, he was the Chief Operating Officer and the Mining General Manger at Albian Sands Energy, where he led the post start-up, stabilization, and optimization of the Muskeg River Mine in Alberta. Mr. Jones also held management positions at RAG Coal West Inc., Phelps Dodge Sierrita Corp. and Cyprus Amax Coal Company. He is a member of the American Institute of Mining, Metallurgical, and Petroleum Engineers and is a Professional Engineer registered in Utah and Alberta. Mr. Jones received a Bachelor of Science in Mining Engineering at the South Dakota School of Mines and an MBA from Colorado State University.


What is your rationale for attending 121 Mining Investment?

We are seeking long term investors and investors interested in project financing for our Coosa Graphite Project.


What recent news would you like to highlight to investors attending?

Results 5/14/20


What are your key goals for the next 3, 6 and 12 months?

3 Months:

Continued test and development milestones met for graphite products

6 Months:

Kilogram sized tests complete, Pilot plant under construction for Nov-Dec operations

12 Months:

Feasibility Study Complete for Coosa Project, Customer testing of graphite products, Project finance in place


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Present economic environment, for which we have a plan to mitigate.


What do you think makes your company such a compelling investment?

Low share price vs value, milestones met, more underway. Cash flow within 2.5 years.

Analyst Insight – provided by Independent Investment Research

Westwater Resources is a NASDAQ-listed company that is focused on developing energy-related materials. Westwater is focused on developing an advanced battery graphite business in the state of Alabama. In addition to graphite, the company holds dominant mineral rights positions in the Western United States for both lithium and uranium deposits, as well as licensed production facilities for uranium in Texas.

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 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) within the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world.

Westwater also owns an extensive uranium information database of historic drill hole logs, assay certificates, maps, and technical reports for the western United States.

The company’s battery graphite business continues on track toward operation of a pilot plant, which it is anticipated will make battery graphite in bulk quantities during the fourth quarter of 2020. During November 2019, Westwater announced it had engaged Dorfner Anzaplan, an internationally recognized and highly regarded specialist in high-purity industrial and strategic metals businesses, to accelerate graphite product development and design for the Coosa Graphite Project.

During Q1 2020, Westwater and Dorfner worked together to define the method, equipment and operating parameters and requirements for graphite purification; to define the operating parameters and equipment for downstream processes required to manufacture Westwater’s battery graphite products; and also design Westwater’s pilot program.