CENTENNIAL, CO., October 10, 2018 – Westwater Resources, Inc. (“Westwater” or the “Company”) (Nasdaq: WWR) is pleased to announce that President and Chief Executive Officer, Christopher M. Jones will be presenting at Benchmark Mineral Intelligence’s ‘Graphite + Anodes 2018’ Conference, on October 22nd and 23rd in Newport Beach, California. Mr. Jones is scheduled to present at noon on Tuesday, October 23rd and will provide a Company overview and an update on Westwater’s graphite business.
“We are pleased to share our made-in-USA battery-graphite story at Benchmark’s annual conference,” commented Mr. Jones. “In our opinion, the demand for natural battery graphite and high-performance conductivity-enhancement products is growing and outpacing production capacity, which underscores the importance of this conference and Westwater’s role in the American battery-graphite supply chain.”
Westwater’s portfolio of energy materials—graphite, lithium, and uranium—are on the List of Critical Minerals, which was finalized and published in May 2018 by the U.S. Department of the Interior. These minerals were included due to their importance to the security and economic prosperity of the United States.
Westwater is working to develop a domestic battery-graphite business, as well as to explore for lithium in the western United States. Westwater also holds a portfolio of uranium production and exploration properties in Texas and New Mexico.
About Westwater Resources, Inc.
Westwater 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 three 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.
About Benchmark Mineral Intelligence Limited
Benchmark is an independent price assessment and consultancy company, specializing in the lithium-ion (“Li-ion”) battery supply chain. Benchmark is regarded as the most trusted source of information for the Li-ion battery industry, offering information pertaining to market pricing, supply and demand data, expert analysis and specialized forecasting of supply, demand and pricing. Graphite, lithium, cobalt, and nickel are the critical raw materials used in today’s battery technologies.
Benchmark collects first-hand data from the major players in these industries with a goal to setting market prices and analyzing the constantly changing supply and demand dynamics. Benchmark is contracted to provide reference pricing for Bloomberg and Thomson Reuters.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing events or developments that Westwater expects or anticipates will occur in the future, including but not limited to statements relating to the Company’s growth and developments at the Company’s projects, are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to successfully integrate Alabama Graphite Corporation’s business into its own, and the risk that additional analysis of the Coosa Graphite Project may result in revisions to the findings of Westwater’s initial optimization study; (b) the Company’s ability to raise additional capital in the future; (c) spot price and long-term contract price of graphite, lithium and uranium; (d) risks associated with our domestic operations; (e) operating conditions at the Company’s projects; (f) government and tribal regulation of the graphite industry, the lithium industry, the uranium industry, and the power industry; (g) world-wide graphite, lithium and uranium supply and demand, including the supply and demand for lithium-based batteries; (h) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (i) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including in Alabama, Texas, New Mexico, Utah, and Nevada; (j) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (k) the results of the Company’s lithium brine exploration activities at the Columbus Basin, Railroad Valley, and Sal Rica projects, and the possibility that future exploration results may be materially less promising than initial exploration result; (I) any graphite, lithium or uranium discoveries not being in high-enough concentration to make it economic to extract the metals; (m) currently pending or new litigation or arbitration; and (n) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release. The results of the initial optimization study are preliminary in nature and subject to revision following Westwater’s further analysis of the Coosa project.
Westwater Resources Contact:
Investor Relations Contact:
Christopher M. Jones, President & CEO
Jeff Vigil, VP Finance & CFO
Michael Porter, Porter, LeVay and Rose