Our coverage of Westwater Resources (WWR) has been updated to reflect recent developments. There has been a mix of current events for energy materials developer Westwater Resources. The Company filed a registration statement to sell an unspecified number of common stock shares and warrants. Proceeds would be used to support continued work on the Company’s Coosa County graphite project as well as exploration of lithium assets in Nevada and Utah. The capital raise comes on the heels of several value-adding accomplishments in the Company’s resource portfolio, including 1) discovery of significant vanadium resources at the Coosa County project, 2) successful long-term cycling tests of battery-grade graphite made from the Coosa graphite and 3) award of water rights at the Sal Rica lithium project in Utah.
The Company is ready to move forward yet in 2019 with a pilot plant for producing battery-grade material from Coosa graphite. The pilot plant is expected to produce low-volumes in 2020, for customer testing purposes and eventual commercial sales. The Company also plans to test a specialized furnace for purifying graphite in the near-term. The test results will inform the final graphite processing design and equipment selection.
Click on the image below to access additional details in the nine-page report.
Please note the important disclosures and disclaimers at the end of all Crystal Equity publications.