Westwater Resources Common Stock Begins Trading on the NYSE American Stock Exchange
March 19 2021 - 7:00AM
Business Wire
Westwater Resources, Inc. (“Westwater”) (NYSE: WWR), a
battery graphite development company, announced that its common
stock will begin trading on the NYSE American stock exchange today,
March 19, 2021. The Company’s ticker symbol – WWR – remains the
same.
“Listing on the NYSE American is a significant milestone for
Westwater and a natural next step in the evolution of our company,”
said Christopher M. Jones, President and Chief Executive Officer of
Westwater Resources. “With the current surge in global interest in
mineral investments, we believe this is an excellent time for our
NYSE American listing, and our team looks forward to introducing
Westwater to a new and larger investment base. Our board and
management are very pleased to have Brendan E. Cryan & Co. LLC
as our specialist firm. They have been specialists for over 60
years.”
With recent announcements by global automobile and battery
makers, including a major announcement by General Motors (March 4,
2021) that GM is looking to build a second battery factory in the
United States, electric vehicles and the batteries that power them
are a growing market. Westwater’s battery graphite business is well
timed to take advantage of these markets, both domestic and
international.
About Westwater Resources Westwater Resources (NYSE: WWR)
is focused on developing battery-grade graphite. The Company’s
projects include the Coosa Graphite Project — the most advanced
natural flake graphite project in the contiguous United States —
and the associated Coosa Graphite Deposit located across 41,900
acres (~17,000 hectares) in east-central Alabama. Ongoing
operations of the pilot program are producing ULTRA-PMG™,
ULTRA-DEXDG™ and ULTRA-CSPG™ in quantities that facilitate
qualification testing at potential customers. For more information,
visit www.westwaterresources.net.
Cautionary Statement This news release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are subject to risks, uncertainties and assumptions and
are identified by words such as "expects," "estimates," "projects,"
"anticipates," "believes," "could," “scheduled,” and other similar
words. All statements addressing events or developments that WWR
expects or anticipates will occur in the future, including but not
limited to the timing and effectiveness of the transfer of the
Company’s common stock listing from the Nasdaq Capital Market to
the NYSE American, future growth for electric vehicles and
batteries, and the Company’s future production of graphite, are
forward-looking statements. These risk factors and uncertainties
include, but are not limited to, (a) the Company’s ability to
implement the Coosa Graphite Project business plan; (b) the
Company’s ability to raise additional capital in the future
including the ability to utilize existing financing facilities; (c)
spot price and long-term contract price of graphite and vanadium;
(d) risks associated with our operations and the operations of our
partners such as Samuel Engineering, Dorfner Anzaplan and others,
including the impact of COVID-19 and its potential impacts to the
capital markets; (e) operating conditions at the Company’s
projects; (f) government regulation of the graphite industry and
the vanadium industry; (g) world-wide graphite and vanadium supply
and demand, including the supply and demand for lithium-based
batteries; (h) unanticipated geological, processing, regulatory and
legal or other problems the Company may encounter in the
jurisdictions where the Company operates or intends to operate,
including in Alabama and Colorado; (i) any graphite or vanadium
discoveries not being in high-enough concentration to make it
economic to extract the minerals; (j) currently pending or new
litigation or arbitration; and (k) other factors which are more
fully described in the Company’s Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, and other filings with the
Securities and Exchange Commission. Should one or more of these
risks or uncertainties materialize or should any of the Company’s
underlying assumptions prove incorrect, actual results may vary
materially from those currently anticipated. In addition, undue
reliance should not be placed on the Company’s forward-looking
statements. Except as required by law, the Company disclaims any
obligation to update or publicly announce any revisions to any of
the forward-looking statements contained in this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210319005047/en/
Westwater Resources Contact: Christopher M. Jones, President
& CEO Phone: 303.531.0480 Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481 Email: Info@WestwaterResources.net Product
Sales Contact: Jay Wago, Vice President – Sales and Marketing
Phone: 303.531.0472 Email: Sales@westwaterresources.net Investor
Relations Contact: Porter, LeVay & Rose Michael Porter
Phone: 212.564.4700 Email: Westwater@plrinvest.com
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