Westwater Resources (WWR) Registration Filing summary

Company overview and business model

• Focuses on developing battery-grade natural graphite materials, with primary projects including the Kellyton Graphite Plant and the Coosa Graphite Deposit in Alabama.

• Kellyton Graphite Plant is expected to process natural flake graphite and produce 12,500 metric tons per year of coated spherical purified graphite (CSPG) in Phase I, targeting lithium-ion battery markets.

• Holds mineral rights to the Coosa Graphite Deposit, anticipated to supply natural graphite flake concentrate to the Kellyton facility.

Financial performance and metrics

• As of September 5, 2024, 58,970,133 shares of common stock were outstanding, with 57,946,110 held by non-affiliates.

• The last reported sale price of common stock on NYSE American was $0.52 per share on September 5, 2024.

• The company is a smaller reporting company, eligible for scaled disclosure and reduced reporting requirements.

Use of proceeds and capital allocation

• May receive up to $30 million in gross proceeds from sales to Lincoln Park under the Purchase Agreement, subject to certain limitations.

• Net proceeds are intended for general corporate purposes, including advancing Phase I of the Kellyton Graphite Plant, developing the Coosa Graphite Deposit, and working capital.