Westwater Resources (WWR) Corporate presentation summary

Strategic positioning and market opportunity

• Aims to become the first US-based producer of battery-grade natural graphite, strategically located in Alabama near major EV and battery manufacturing hubs within the U.S. Battery Corridor.

• Vertical integration from mining to processing enhances supply continuity and operational control, addressing the current 100% reliance on imported battery-grade graphite.

• Federal support includes a $25 million EXIM Bank loan, validating the strategic importance of the Kellyton project and supporting commercial production targets as soon as 2028.

• The Coosa Graphite Deposit, the largest in the contiguous US, is expected to provide long-term domestic feedstock, with a 22-year mine life and a supply agreement in place until it becomes operational.

Project development and operational milestones

• Kellyton Graphite Plant is under construction, with over 50% of the $245 million capital cost invested and Phase 1 targeting 12,500 mtpa battery-grade graphite production.

• Phase 2 will expand total planned capacity to 50,000 mtpa, with ongoing customer engagement to secure offtake agreements.

• Coosa Graphite Deposit has completed 234 drill holes, representing less than 10% of its 42,000-acre mineral rights, and is advancing through permitting under the federal FAST-41 program.

• Key near-term catalysts include securing offtake and financing for Kellyton Phase 1, while longer-term milestones focus on advancing Coosa to production and expanding Kellyton capacity.

Financial highlights and investment case

• Market capitalization stands at $482 million, with $38.2 million in cash and 128.6 million shares outstanding as of June 30, 2026.

• Kellyton Phase 1 and 2 feasibility studies project average annual production of 12,500 mtpa and 37,500 mtpa CSPG, respectively, with development capital revised to $245 million for Phase 1 and $453 million for Phase 2.

• Pre-tax IRR for Kellyton Phase 1 is 24.7% with a pre-tax NPV (8%) of $417 million; Phase 2 projects a 31.8% IRR and $1.4 billion NPV.

• Leadership team brings expertise in industrial operations, mining, and capital markets, supporting execution of phased development aligned with market demand.