Published: October 9, 2019 |

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Westwater Resources has entered into a long-term purchase agreement to procure high-purity, natural flake graphite concentrate for its planned Advanced Battery Materials Processing Facility at the Coosa Graphite Project in Alabama.

Over the past year, Westwater Resources has tested graphite concentrate products from a number of potential suppliers in order to identify a source with superior quality that closely resembles Westwater’s own graphite available from the Coosa Deposit. As a result of rigorous testing, Westwater Resources has now chosen to contract with an internationally known company that utilizes environmentally sound mining practices and that has demonstrated a reliable and long-term source of high-quality natural flake graphite concentrate.

Westwater plans to construct the Coosa Graphite Processing Facility to produce three advanced battery graphite products that have been developed and demonstrated in laboratory scale processes over the past several years, purified micronized graphite (ULTRA-PMG™), delaminated expanded graphite (ULTRA-DEXDG™) and coated spherical purified graphite (ULTRA-CSPG™). The planned Coosa Graphite Processing Facility is scheduled to achieve initial production in 2022 and production of graphite feedstock from its Coosa Graphite Mine is expected to commence in 2028. Until the mine is permitted, Westwater will utilize the graphite purchase agreement as a source of graphite concentrate for its Coosa Graphite Processing Facility. Under the new agreement, Westwater has the option to transition to material from its Coosa Graphite Mine while retaining the option to expand the purchase agreement to accommodate planned processing capacity expansion. With this flexibility, Westwater will be able to tailor its products and their availability to the specific needs of its customers.

“Westwater now has the ability to source graphite for its Coosa Project without waiting for the Coosa Graphite Mine to be permitted. This purchase agreement allows us to purchase high-quality feedstock at market rates and advance cash flow from our planned advanced battery materials manufacturing plant to 2022. Since acquiring Alabama Graphite in 2018, Westwater has been working continually to bring the Coosa Project to production as quickly as possible. This is yet another important milestone achieved in advancing this project forward,” said Christopher M. Jones, president and chief executive officer.

About Westwater Resources
WWR is focused on developing energy-related materials. The company’s battery-materials projects include the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — and the associated Coosa Graphite Mine located across 41,900 acres (~17,000 hectares) in east-central Alabama. In addition, the company maintains lithium mineral properties in two prospective lithium brine basins in Nevada and Utah. Westwater’s uranium projects are located in Texas and New Mexico. In Texas, the company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (~4,400 hectares) of prospective in-situ recovery uranium projects. In New Mexico, the company controls mineral rights encompassing approximately 188,700 acres (~76,000 hectares) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977 as Uranium Resources, Inc., Westwater also owns an extensive uranium information database of historic drill hole logs, assay certificates, maps and technical reports for the western United States.

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