Westwater Resources to Present at Benchmark Mineral Intelligence’s ‘Graphite + Anodes 2018’ Conference
October 10, 2018
CENTENNIAL, Colo.–(BUSINESS WIRE)–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.
Cautionary Statement
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.
Contacts
Westwater Resources Contact:
Westwater Resources, Inc.
Christopher
M. Jones, 303-531-0480
President & CEO
or
Jeff Vigil,
303-531-0481
VP Finance & CFO
Info@WestwaterResources.net
or
Investor
Relations Contact:
Porter, LeVay and Rose
Michael Porter,
212-564-4700
Westwater@plrinvest.com