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Westwater Secures $55 Million in Capital Funding Since Mid-2025
Pronounces Third Quarter Investor Name
Westwater Sources, Inc. (NYSE American: WWR) , an power know-how and demanding minerals firm, centered on growing battery-grade pure graphite (“Westwater,” “Westwater Sources,” or the “Firm”), right now introduced a strategic replace.
On November 3, 2025, FCA US LLC (“FCA”), which is a subsidiary of Stellantis N.V. (“Stellantis”), unexpectedly terminated its Binding Offtake Settlement with the Firm dated July 17, 2024. Stellantis was certainly one of three firms, together with SK On and Hiller Carbon, with current offtake agreements with Westwater.
“Collectively, our offtake agreements with Stellantis, SK On, and Hiller Carbon supported our ongoing debt syndication,” stated Terence Cryan, Govt Chairman of Westwater Sources . ” Nevertheless, as a result of Stellantis’s surprising termination, the debt syndication is now paused, though our engagement with EXIM and different authorities businesses relating to financing alternatives is ongoing. In response to those developments, we’re centered on optimizing the Kellyton Plant to satisfy our present offtake commitments, which ought to scale back the overall capital wanted to finish Section I.”
Efforts at the moment are underway to optimize capital funding for Section I of the Kellyton Graphite Plant (“Kellyton Plant”). The intention is to regulate processing capability to match the prevailing offtake agreements and obtainable financing on this preliminary section. This technique is predicted to decrease the plant’s preliminary capability and, in flip, lower the overall capital and scale back the time wanted to succeed in industrial manufacturing. The Firm expects to finish this optimization analysis by the tip of the yr and plans to supply an replace to the market in early 2026.
Each of the offtake agreements with SK On and Hiller Carbon stay in impact. Whereas FCA has indicated they’re open to reconsidering a brand new association with the Firm, any future settlement can be based mostly on present market situations. The Firm continues to discover further offtake alternatives with different potential prospects and are offering them with samples as a part of its ongoing engagement.
Financing Replace
Since June 30, 2025, Westwater has raised roughly $55 million via its at-the-market (“ATM”) program and a collection of convertible word choices, with a present money steadiness of roughly $53 million as of November 5, 2025. Considerably the entire funds have been raised via the ATM earlier than the Firm filed to extend the dimensions of its ATM program to $75 million on October 17, 2025.
“As fellow stockholders, we’re conscious of dilution whereas recognizing the significance of sustaining enough liquidity to advance our strategic initiatives,” stated Steve Cates, Chief Monetary Officer of Westwater Sources . “The extra liquidity we raised after June 30 was pushed by sturdy investor curiosity in important minerals and Westwater’s positioning as probably the most superior U.S.-based pure graphite builders with early market mover benefits.”
The extra liquidity will permit the Firm to navigate its optimization of Section I of the Kellyton Plant, fund further gear purchases, assist ongoing allowing actions at its Coosa Graphite Deposit, and proceed analysis of potential authorities funding.
As beforehand introduced, Westwater filed an utility with the U.S. Export-Import Financial institution (“EXIM”) associated to the Kellyton Plan, which began EXIM’s due diligence course of. This course of continued in the course of the third quarter however has since been delayed as a result of current U.S. authorities shutdown.
Along with the EXIM mortgage utility, Westwater has engaged advisors to assist ongoing efforts to safe different sources of presidency funding which may be obtainable to the Firm.
Mr. Cryan concluded: “We’re centered on finishing our analysis of optimizing Section I of the Kellyton Plant in mild of our current offtake agreements and obtainable financing. That stated, we stay actively engaged with prospects for potential further offtake alternatives and proceed to push ahead on allowing actions for the Coosa deposit. The U.S. home battery supplies sector continues to be in its infancy, and we’re at its forefront, navigating the challenges that include growing an trade at this early stage. Essentially, we’re assured in our potential to adapt and transfer ahead successfully.”
Convention Name
Administration will host a convention name to supply a enterprise replace on November 13, 2025, at 9:00AM Jap Commonplace Time.
The Firm encourages traders to submit questions prematurely of the decision to the Investor E-mail inbox at investorrelations@westwaterresources.web .
Webcast Hyperlink: https://occasion.choruscall.com/mediaframe/webcast.html?webcastid=bHo2o5s6
Dial-Ins:
USA / Canada Toll Free: 1-833-752-3988
Worldwide Dial-In: 1-647-849-3183
Convention Name Replay
(Obtainable till November 20, 2025)
USA / Canada Toll Free: 1-855-669-9658
Worldwide Toll: 1-412-317-0088
Replay Entry Code: 6098873
About Westwater Sources, Inc.
Westwater Sources is an power know-how and demanding minerals firm that’s centered on growing battery-grade pure graphite. Westwater Sources’ major challenge is the Kellyton Graphite Processing Plant that’s below building in east-central Alabama. As well as, Westwater Sources’ Coosa Graphite Deposit is the biggest and most superior pure flake graphite deposit within the contiguous United States — and is positioned throughout 41,965 acres (~17,000 hectares) in Coosa County, Alabama. For extra info, go to westwaterresources.web .
Cautionary Assertion Relating to Ahead-Wanting Statements
This information launch accommodates forward-looking statements inside the that means of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements are topic to dangers, uncertainties and assumptions and are recognized by phrases similar to “replace,” “paused,” “ongoing,” “developments,” “optimizing,” “intention,” “ought to scale back,” “match,” “decrease,” “lower,” “improve,” “scale back,” “expects,” “present market,” “potential,” “roughly,” “considerably,” “sturdy investor curiosity,” “enough liquidity,” “optimization,” “ongoing,” “analysis,” “delayed,” “actively engaged,” “potential,” “navigating,” “growing,” “transfer ahead,” “successfully,” and different related phrases or phrases. Ahead wanting statements embody, amongst different issues, statements regarding: analysis and optimization of Section I of the Kellyton Plant, together with changes to processing capability, capital necessities, and timeline; potential debt syndication efforts, together with its timing; the development and operation of the Kellyton Graphite Plant, the Firm’s Coosa Graphite Deposit and the prices, schedules, manufacturing and financial projections related to them; incentives, coverage selections and tariffs by the federal authorities together with their affect on capital markets usually and our enterprise particularly; plans for advancing the letter of curiosity acquired from EXIM and the formal mortgage utility submitted to EXIM, and EXIM’s efforts to finish its due diligence, underwriting and finalization of the phrases and situations of any doable mortgage; and our plans to safe different sources of presidency funding. The Firm cautions that there are elements that might trigger precise outcomes to vary materially from the forward-looking info that has been offered. The reader is cautioned to not put undue reliance on this forward-looking info, which isn’t a assure of future efficiency and is topic to a variety of uncertainties and different elements, lots of that are outdoors the management of the Firm; accordingly, there could be no assurance that such recommended outcomes will likely be realized. Extra elements and forward-looking info is mentioned in Westwater’s Annual Report on Kind 10-Ok for the yr ended December 31, 2024, and subsequent securities filings, they usually may trigger precise outcomes to vary materially from administration expectations
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20251107378872/en/
Westwater Sources, Inc.
E mail: Data@WestwaterResources.web
Investor Relations
E mail: Investorrelations@westwaterresources.web
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