Westwater Announces Reclamation Milestone at Vasquez

The Texas Commission on Environmental Quality Releases Surety Bond in
the Amount of $208,657 for Vasquez Wellfield Plugging

CENTENNIAL, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24WWR&src=ctag” target=”_blank”gt;$WWRlt;/agt; lt;a href=”https://twitter.com/hashtag/uranium?src=hash” target=”_blank”gt;#uraniumlt;/agt;–Westwater Resources, Inc. (“Westwater,” or the “Company”) (Nasdaq:
, 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%.

Christopher M. Jones, President and CEO of Westwater Resources, stated:
“This important milestone involved the complete reclamation of 844 wells
formerly used for production and water quality monitoring. Surface
reclamation of the site and the waste disposal well are expected later
this year. Reclamation completion and state approval of our work in
Texas, like that at Vasquez and Rosita, are hallmarks of our commitment
to being a sustainable and responsible part of the community.”

The Vasquez Project in Duval County, Texas, was acquired in 1990, with
production initiated in the fall of 2004. After four years of uranium
production, groundwater restoration was begun. The ground water
restoration process involves repeated filtration of the water in the
aquifer. This ensures that the groundwater meets state standards.
Restoration was completed after ten years of work in 2014. TCEQ approved
the company’s groundwater restoration efforts in 2017, and the well
plugging phase was initiated at that time. This phase was completed that

Final reclamation efforts, including surface work and the reclamation of
a waste disposal well at Vasquez, are expected to be complete later this
year. Once that work is certified as complete by the TCEQ, we will
follow up with a request for surety bond release on that phase, much as
we have on previous phases.

This success follows a similar reclamation milestone achievement earlier
this year at our Rosita property, also in Texas.

About Westwater Resources

WWR 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.

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 WWR expects or
anticipates will occur in the future, including but not limited to
statements relating to future reclamation work, 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 availability
of capital to the Company and the Company’s ability to continue as a
going concern; (b) the availability of the Company to continue to
satisfy the listing requirements of the Nasdaq Capital Market; (c) spot
price and long-term contract price of graphite, lithium, vanadium and
uranium; (d) the ability of the Company to enter into and successfully
close acquisitions, dispositions or other material transactions; (e)
government regulation of the mining industry and the nuclear power
industry in the United States; (f) operating conditions at the Company’s
projects; (g) the world-wide supply and demand of graphite, vanadium,
lithium and uranium; (h) weather conditions; (i) unanticipated
geological, processing, regulatory and legal or other problems the
Company may encounter; (j) the results of the Company’s exploration
activities, and the possibility that future exploration results may be
materially less promising than initial exploration result; (k) any
graphite, vanadium, lithium or uranium discoveries not being in high
enough concentration to make it economic to extract the metals; (l)
currently pending or new litigation or arbitration; (m) the Company’s
ability to maintain and timely receive mining and other permits from
regulatory agencies; 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 WWR’s further
analysis of the Coosa Graphite Project.


Westwater Resources Contact:
Christopher M. Jones, President
Phone: 303.531.0480

Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
Email: Info@WestwaterResources.net

Investor Relations Contact:
Michael Porter
LeVay and Rose
Phone: 212.564.4700
Email: Westwater@plrinvest.com

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