|Bid||3.5000 x 3000|
|Ask||3.5000 x 1100|
|Day's Range||3.3375 - 3.8500|
|52 Week Range||2.4500 - 14.5000|
|Beta (3Y Monthly)||1.36|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.00|
Shares of micro-cap Westwater Resources Inc. rose about 100% in afternoon trade Tuesday, after the company said it has taken delivery of an initial batch of 20 metric tonnes of graphite concentrate and will now start to send samples to battery manufacturers for testing. Chief Executive Christopher Jones said battery companies will test samples of differing weights to make sure they are compatible with their equipment. "It's a big milestone," he said. Westwater was founded 40 years as a uranium producer but changed its name in 2017 to reflect a broader focus on energy materials, including lithium and graphite. In September, the company announced a long-term purchase agreement for high-purity, natural flake graphite concentrate for its planned Advanced Battery Materials Processing Facility at the Coosa Graphite Project in Alabama. The company posted a net loss of $2.8 million, or $1.81 a share, for its most recent quarter, down from $20.5 million, or $25.64 a share, in the year-earlier period, when it booked a nearly $18 million impairment charge for uranium mineral interests. On its second-quarter earnings call, Jones said a major battery manufacturer that was testing the company's ULTRA-Purified Micronized Graphite had requested a bulk sample 1 metric ton in size battery-grade graphite for further testing. "At the same time, we also have laboratory testing ongoing with additional potential customers. We are also among the first in the graphite development space who released long-term cycling performance results of our spheronized graphite materials from our Coosa Graphite Project," he told analysts, according to a FactSet transcript. "We're not aware of anyone to-date to report long-term cycling data for U.S.-sourced natural flake graphite materials." Shares have gained 75% in the past month, while the Russell 2000 small-cap index has fallen 3.3%.
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Westwater Resources, Inc. (WWR), an energy materials development company, announced today that it has taken delivery of the first shipment of natural flake graphite concentrate pursuant to its recently announced long-term graphite purchase agreement. The entirety of the 20 metric tonnes of material received will be used in development of planned pilot scale processes and to produce several metric tonnes of battery ready advanced graphite products which include ULTRA-PMGTM, ULTRA-DEXDGTM and ULTRA-CSPGTM. WWR is focused on developing energy-related materials.
Westwater Resources, Inc. (WWR), an energy materials development company, announced today that it has entered into a long-term purchase agreement to procure high-purity, natural flake graphite concentrate for its planned Advanced Battery Materials Processing Facility (“Coosa Graphite Processing Facility”) at the Coosa Graphite Project (“Coosa Project”) in Alabama. Over the past year, Westwater Resources has tested graphite concentrate products from a number of potential suppliers in order to identify a source with superior quality that closely resembles Westwater’s own graphite available from the Coosa Deposit.
Westwater Resources, Inc. (WWR), an energy materials development company, announced today it has entered into a purchase agreement and registration rights agreement with Lincoln Park Capital Fund, LLC (“Lincoln Park”), a current investor in Westwater. Under the purchase agreement, upon satisfaction of the conditions in the purchase agreement, including after a registration statement registering the resale of shares to be sold to Lincoln Park under the purchase agreement is declared effective by the Securities and Exchange Commission (SEC), Westwater, from time to time over a 24 month period, will have the right, in its sole discretion, to sell up to $10 million of its stock to Lincoln Park.
Westwater Resources, Inc. (“Westwater,” or the “Company”) (WWR), an energy materials development company, today announced that it has received notification from Nasdaq that the Company has regained compliance with the minimum $1.00 per share bid price requirement for continued listing, and further, that the Company complies with all other applicable standards for continued listing of its securities on the Nasdaq Stock Market. On April 18, 2019, at the 2019 annual general meeting, the Company’s shareholders approved a proposal that empowered the Company’s Board of Directors to make a decision on a reverse split of not less than 1-for-5 and not more than 1-for-50. Subsequently, the Company’s Board of Directors approved a 1-for-50 reverse split, which was effectuated after market close on April 22, 2019.
Westwater Resources, Inc. (WWR), an energy materials development company, announced today its results for the first quarter of fiscal year 2019, and discussed its business outlook and its energy materials business development for the remainder of 2019. Christopher M. Jones, President and Chief Executive Officer, said, “The beginning of 2019 has been quite eventful for Westwater, where we are starting to see clear evidence that our plans for generating shareholder value are coming to fruition. Today, we have independently-sourced data that aligns closely with our expectations regarding the quality and scope of the graphite at the Coosa Project.
Westwater Resources, Inc. (“Westwater,” or the “Company”) (WWR), an energy materials development company, will hold a conference call to discuss its quarter ended March 31, 2019 financial results and recent developments on Wednesday, May 8, 2019 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time).
President Trump now has up to 90 days from April 14 to decide whether to act on the matter, which can include quotas or tariffs, a timeline which concludes in mid-July. The U.S. Department of Commerce initiated a Section 232 investigation in July 2018 to determine whether the present quantity of uranium ore and product imports threaten to impair U.S. national security. Christopher M. Jones, President and Chief Executive Officer, commented, “We believe that, regardless of the decision that will be made by the President, U.S. producers will benefit in the near term.
Westwater Resources, Inc. (WWR), an energy metals exploration and development company, is pleased to announce that its application for the use of 1500 acre-feet of groundwater per year has been approved by the Department of Natural Resources of the State of Utah. This water is intended for the development of lithium mining operations at the Company’s Sal Rica Project. Christopher M. Jones, President and Chief Executive Officer, said, “Water rights are critical to the development of lithium brine properties.
Westwater Resources, Inc. (“Westwater,” or the “Company”) (WWR), an energy materials development company, is pleased to announce a new drilling and sampling exploration plan to explore for and define vanadium resources on five target areas at its Coosa Project in Alabama. The Company believes that this exploration plan could advance and enhance the evaluation of its existing graphite resource, including the possibility for an extension of that mineralization.
Westwater Resources, Inc. (“Westwater,” or the “Company”) (WWR), an energy materials development company, today announced that Uranium Royalty Corp. (URC) and its US subsidiary have together agreed to purchase royalties owned by Westwater on future uranium production from mineral properties in South Dakota, Wyoming and New Mexico, as well as a promissory note in the amount of $2.0 million and the related mortgage that the Company holds on the Church Rock and Crownpoint, New Mexico properties of Laramide Resources. Uranium Royalty Corp. and its US subsidiary have agreed to purchase these interests for collective total consideration of $2.75 million, including $0.5 million paid at signing.
Westwater Resources, Inc. (“Westwater,” or the “Company”) (WWR), an energy materials development company, today announced that the Texas Commission on Environmental Quality (TCEQ) has certified that the third phase of site reclamation (plugging of production wells) is complete and released a surety bond posted by the Company in the amount of $208,657. This surety bond is collateralized with cash at a rate of 40%.
NEW YORK, NY / ACCESSWIRE / February 19, 2019 / Westwater Resources Inc (NASDAQ: WWR ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on February 19, 2019 at ...
Westwater Resources, Inc. (“Westwater,” or the “Company”) (WWR), an energy materials development company, is pleased to announce the receipt of positive analytical results (assays) for vanadium mineralization (as V2O5 - vanadium pentoxide) at our Coosa, Alabama Graphite Project. The recently received assay data was derived from more than 1,900 samples selected from 35 core drill holes and 16 trenches, which were previously sampled and assayed for only graphite as a part of defining the graphite resource in 2015 Preliminary Economic Assessment (PEA) investigation. Sample locations were selected within the Coosa PEA resource area as well as vanadium target areas identified by the 2018 sampling program as presented in our news release of November 29, 2018, in which the Company announced the identification of appreciable levels of vanadium mineralization at Coosa.
Westwater Resources, Inc. (“Westwater,” or the “Company”) (WWR), an energy materials development company, announced its results for fiscal year 2018, and provided an outlook on its energy minerals business development for 2019. Christopher M. Jones, President and Chief Executive Officer, said, “We are pleased with our accomplishments in 2018, including our acquisition and integration of Alabama Graphite Corp., which gives us an advantage in a key component of electrical storage devices. On November 29, 2018, Westwater announced the discovery of significant levels of vanadium concentrations at several locales within the graphitic schists at the Company’s Coosa Graphite Project (“Coosa Project”).
Westwater Resources, Inc. (“Westwater,” or the “Company”) (WWR), an energy materials development company, will hold a conference call to discuss its full year 2018 financial results and recent developments on Tuesday, February 19, 2019 at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time). WWR is focused on developing energy-related materials.
Westwater Resources, Inc. (“Westwater,” or the “Company”) (WWR), an energy materials development company, today announced that the International Centre for Settlement of Investment Disputes (ICSID) has registered its Request for Arbitration. The registration is the next step in Westwater seeking compensation from the Republic of Turkey. At issue is Turkey’s illegal taking of Westwater’s Temrezli and Şefaatli uranium projects in June 2018.