Westwater Resources Regains Nasdaq Listing Compliance

CENTENNIAL, Colo.–(BUSINESS WIRE)–Westwater Resources, Inc. (“Westwater,” or the “Company”) (Nasdaq:
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. On May 2, 2019, the Company attended a
hearing of the Nasdaq Hearings Panel to discuss its stock price, which
at the time of the hearing had been trading above the $1.00 per share
minimum bid price for seven trading days. On May 6, 2019, the Company’s
stock price had traded above the $1.00 per share minimum bid price for
10-consecutive trading days, and the Company notified Nasdaq of the
same. On May 8, 2019, Nasdaq wrote a letter informing the Company that
it had regained compliance with the $1.00 per share minimum bid price
requirement, that the Company’s listing on Nasdaq would be continued,
and the matter was closed.

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.


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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