Westwater Resources, Inc. (WWR), once known as Uranium Resources, Inc., is a leading U.S. based resources company that focuses on exploring and developing energy minerals. The company is committed to environmentally friendly methods of uranium, lithium, and graphite procurement and utilization, reflecting an ambitious shift towards a more sustainable future.
Westwater Resources' corporate headquarters are located in Centennial, Colorado. The company was incorporated in the year 1977 and went public on January 19, 1984. It operates primarily in the United States, Turkey and South Korea. It deals with a variety of natural resources but has lately redirected its resources towards the development of battery-related materials, such as lithium and graphite.
Westwater is an integral player in the growing renewable energy industry. The company is dedicated to tackling the rising demand for electric and renewable energy storage. With continued advancements in energy storage facilities, the demand for lithium and graphite has been increasing significantly. Lithium and graphite are primary constituents of lithium-ion batteries, which power electric vehicles and energy storage systems.
In the United States, the company is developing two lithium projects in Nevada and Utah and a graphite project in Alabama. Westwater's ambition is to become a top producer and provider of graphite and lithium for the rapidly growing energy storage market.
Additionally, the company owns a significant amount of uranium and vanadium mineral reserves based in Texas and New Mexico. Over the years, Westwater has also built a strong presence in Turkey via Ores Mining Energy (OREM) and a lithium resource in South Korea. Each project is in various stages of feasibility studies or exploratory development.
Notably, Westwater Resources is deep in the process of developing the Coosa Graphite Project in Alabama, the first U.S. based all-flake and battery-grade graphite product manufacturer. This project will strategically position the company at the forefront of the domestic graphite supply chain to meet the increasing demand from lithium-ion battery manufacturers and energy storage facilities.
Westwater's achievement lies in their successful exploration and development of strategic minerals, which are crucial for emerging high-growth industries. Their aim to champion sustainable mining practices while meeting the rising global demand for clean energy sets them apart in the energy sector and aligns with a broader global sustainability agenda.
In a nutshell, Westwater Resources Inc. (WWR) is a responsible energy mineral resources company that is invested in the future of clean energy, focusing on the exploration, development, and production of strategic minerals that are increasingly in demand. Its holistic business model and strategic positioning in the market make it a critical resource for our burgeoning sustainable future.
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Westwater Resources has secured a $25 million EXIM direct loan, complementing over 50% of the $245 million capital already invested in its Kellyton Graphite Plant. This non-dilutive financing is crucial for reaching commercial production by 2028, with Phase 2 aiming for a total capacity of 50,000 mtpa of battery-grade natural graphite. The project addresses the US's 100% reliance on imported battery-grade graphite and projects significant demand growth in the coming decade.
Westwater Resources secured a $25 million direct loan from the Export-Import Bank of the United States (EXIM) to further develop its Kellyton graphite plant in Alabama. This funding, part of EXIM's Make More in America Initiative, will support construction, equipment installation, commissioning, and operational readiness, aiming for commercial production by 2027. The project is crucial for establishing a domestic supply chain for battery-grade natural graphite, reducing U.S. reliance on foreign sources for this critical mineral.
Westwater Resources reported a Q2 2026 net loss of $4.3 million but secured a significant $25 million direct loan from EXIM for its Kellyton Phase 1 graphite processing plant, which aims for commercial production in 2027. The company is actively pursuing additional financing to cover the remaining $115 million of the estimated $245 million development capital. Westwater is also advancing its Coosa project, with permitting expected by June 2027 and operations targeted for late 2028 or early 2029, while engaging with EV and battery-energy-storage customers for product qualification.