South Korea’s SK On was disclosed as Westwater Resources’ new development partner for battery anode materials. SK On is a leading manufacturer of electric vehicle batteries, having been spun off in 2021 from its parent SK Innovation Co. Ltd (096770: KS). SK On claims orders for electric vehicle batteries in excess of 1,000 gigawatts and […]
Category: WWR
Update Report – Westwater Resources (WWR)
Westwater Resources delivered a series of surprise announcements with its financial report for the year ending December 2022. First, the Company apparently has a new customer on the hook with a development arrangement for the Company’s ULTRA-CSPG battery grade graphite material. The customer is characterized as a Tier One battery manufacturer, an exclusive group typically […]
Update Report – Westwater Resources, Inc. (WWR)
Investors may have concerns about Westwater Resources’ financial position against the $202 million price tag for a natural flake graphite processing plant the Company is building near Kellyton, AL, but the marketing and sales team is not letting the hand wringing slow them down. A new prospective customer has signed a letter of intent with […]
Update Report – Westwater Resources (WWR)
Westwater Resources’ financial report for the third quarter ending September 2022, is a tale of capital investment and cash resource management. Investors had been keen to know if the Company is making good on plans to build a production facility and begin turning out the Company’s proprietary battery-grade graphite materials. The Company used $9.8 million […]
Update Report – Westwater Resources (WWR)
Westwater Resources ‘buried the headline’ deep in the announcement of financial results for the second quarter ending June 2022. Nonetheless, shareholders have plenty to celebrate as the Company announced a letter of intent with a manufacturer of consumer batteries to supply Westwater’s Purified Micronized Graphite (PMG) beginning in 2023, following the construction and commissioning of […]