Westwater Resources, Inc.

AMEX•WWR

CEO: Mr. Terence James Cryan

Sector: Basic Materials

Industry: Industrial Materials

Listing Date: 1998-01-12

Westwater Resources, Inc. operates as an energy technology company, focuses on developing battery-grade natural graphite materials. The company holds interests in Kellyton Graphite Plant located in Kellyton, Alabama; and Bama Mine Project situated in south Alabama. It holds interests in Coosa graphite project located in Coosa County, Alabama. The company was formerly known as Uranium Resources, Inc. and changed its name to Westwater Resources, Inc. in August 2017. Westwater Resources, Inc. was incorporated in 1977 and is headquartered in Centennial, Colorado.

Contact Information

6950 South Potomac Street, Suite 300, Centennial, CO, 80112, United States

303-531-0516

westwaterresources.net

Market Cap

$45.81M

P/E (TTM)

-2.2

20.9

Dividend Yield

52W High

$3.75

52W Low

$0.47

52W Range

Rank63Top 94.0%

1.8

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 1.8 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$0.00+0.00%

4-Quarter Trend

EPS

-$0.04+0.00%

4-Quarter Trend

FCF

-$5.60M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Kellyton Plant Construction Advances Phase I construction costs reached $128.2M USD; qualification line produced over one metric ton of CSPG samples.

Capital Raised in 2025 Raised approximately $67M USD in 2025 via Convertible Notes, ATM, and Lincoln Park equity lines.

Graphite Purification Patent Issued Received first U.S. Patent on September 17, 2025, for proprietary, non-hydrofluoric acid purification method.

Resource Economics Positive Coosa Deposit base case shows Pre-tax NPV of $229.2M USD and After-tax IRR of 24.2%.

Risk Factors

Continued Cash Burn Risk Pre-revenue status requires continuous financing; current cash balance $48.6M USD may not cover all needs.

Commercial Scale-Up Uncertainty Plant has never operated commercially; significant risks exist regarding yields, recovery, and meeting customer specifications.

Key Offtake Agreement Terminated FCA terminated its Offtake Agreement in Q4 2025, pausing secured debt syndication efforts immediately.

Graphite Price Volatility Exposure Profitability and cash flow depend on volatile graphite and vanadium market prices, subject to global supply/demand.

Outlook

Complete Kellyton Phase I Funding Maintaining measured approach to Phase I construction, currently estimating $117M USD remaining capital required.

Advance Coosa Deposit Permitting Progressing mine development permitting, including submitting NPDES application and FAST-41 program inclusion request.

Pursue Government Funding Options Actively engaging advisors to pursue government funding, including pending loan application with EXIM's initiative.

Finalize Customer Qualification Continue operating qualification line to produce bulk CSPG samples for ongoing customer evaluation and qualification processes.

Peer Comparison

Revenue (TTM)

BIOX

$263.71M

-31.2%

$110.16M

-45.6%

TRX

$94.66M

+109.5%

Gross Margin (Latest Quarter)

VOXR

72.2%

-17.5pp

TRX

61.8%

+18.2pp

BHST

59.2%

+4.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
TRX	$302.66M	-12.8	-35.6%	2.9%
VOXR	$287.01M	11.6	32.0%	0.0%
USAU	$253.46M	-12.0	-68.1%	0.1%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

N/M

Revenue Volatile

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data