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Westwater Resources (WWR) investor relations material
Westwater Resources Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Stellantis (Fiat Chrysler Automotive) unexpectedly terminated its off-take agreement, pausing debt syndication, but two other off-take agreements remain active; company is actively seeking new customer engagements and providing product samples.
Focus has shifted to optimizing Kellyton Phase One/Plant, aligning capacity with current off-take commitments, and reducing required capital; construction continues at a measured pace with $125.1 million incurred to date.
The company is delivering large battery-grade graphite samples from its qualification line and advancing permitting at the Coosa Graphite Deposit.
$55 million was raised in the second half of the year, providing financial flexibility and runway for ongoing projects; cash increased to $53 million by November 5, 2025.
Received a U.S. patent for a sustainable graphite purification process, avoiding hazardous hydrofluoric acid.
Financial highlights
Net loss for Q3 2025 was $9.8 million ($0.12/share), up from $3.1 million ($0.05/share) in Q3 2024, mainly due to convertible note expenses and higher stock compensation.
Net loss for the nine months ended September 30, 2025, was $16.4 million ($0.21/share), compared to $9.8 million ($0.17/share) in the prior year period.
Cash and cash equivalents were $12.9 million at September 30, 2025; subsequent equity raises increased cash to $53 million by November 5, 2025.
$55 million raised since June 30 through ATM and convertible note offerings.
$125 million invested to date in Kellyton Phase One development.
Outlook and guidance
Optimization of Kellyton Phase One expected to be completed by Q4, with updates in early 2026; construction will remain measured until additional funding is secured.
Strategic review aims to reduce capital expenditures and accelerate commercial production.
Management believes current cash is sufficient for planned non-discretionary expenditures beyond one year from the report date.
Actively engaging with potential new customers for additional off-take agreements and pursuing government funding, including a pending EXIM Bank application.
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