Westwater Resources (WWR) Registration Filing summary

Company overview and business model

• Focuses on developing battery-grade natural graphite materials through the Kellyton Graphite Plant and Coosa Graphite Deposit in Alabama, targeting lithium-ion battery markets.

• 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.

• 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 August 23, 2024, public float was approximately $32.1 million, with 57,346,110 shares held by non-affiliates at $0.56 per share.

• During the prior 12 months, $2,597,854 in gross proceeds were raised under General Instruction I.B.6 of Form S-3.

• The company qualifies as a smaller reporting company, allowing for reduced disclosure and reporting requirements.

Use of proceeds and capital allocation

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