Coverage of Westwater Resources, Inc. (WWR) has been updated following report of financial performance in the quarter ending September 2018. Recent events in each of Westwater’s target markets demonstrate the large and growing market opportunities that have been a central part of our investment thesis in Westwater, continue to develop unabated. Perhaps more importantly the […]
Category: WWR
Updated Coverage – Westwater Resources (WWR)
Westwater Resources reported a $20.5 million net loss in the quarter ending June 2018, including a one-time non-cash charge of $18.0 million for impairment of the Company’s uranium assets in Turkey. The accounting treatment was triggered by the revocation of licenses by the Turkish mining authority without any specified compensation figure. Concerns over the license […]
Updated Coverage – Westwater Resources (WWR)
There has been a mix of current events for energy materials developer Westwater Resources. The Company released a business plan for its recently acquired natural flake graphite asset in Alabama. The plan brings into a single focus a series of tactical decisions Westwater management has made since the deal closed to bring battery grade graphite […]
Updated Coverage – Westwater Resources (WWR)
We have updated coverage of energy materials developer Westwater Resources (WWR) following report of financial resulting in the quarter ending March 2018, and other developments in the Company’s asset portfolio. In April 2018, Westwater completed the previously announced acquisition of Alabama Graphite. Management confirmed plans to develop what could be the first domestic source of […]
New Coverage – Westwater Resources (WWR)
We initiated coverage of Westwater Resources with a Speculative Buy rating and a one-year target price of $1.50 based on an estimated intrinsic value of $5.00 per share and tempered by recent trading patterns. Westwater is a building portfolio of energy materials assets that creates a triple threat of uranium, lithium and now graphite. The […]