Published: October 14, 2021 |

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Westwater Resources’ board of directors approved expenditures of $202 million to execute the construction plan for Phase I of the Coosa Graphite Project located in Kellyton, Alabama. Construction activities are expected to begin before the end of 2021.

In addition, the company’s board of directors approved the purchase of two buildings by its subsidiary, Alabama Graphite Products, that total 90,000 sq. ft. in size, to support the development of the Coosa Graphite Project. These buildings will be used for the project’s administrative offices, laboratory, and warehousing space, and each are adjacent to the future processing plant. The purchase of these two buildings avoids the need for additional construction activities. The transactions are expected to close on or before October 14, 2021.

“With Westwater’s board approval of the project, we are proceeding directly to plant construction. Requests for proposals from contractors are in process, and construction is expected to start before the end of the year. I am proud of this team’s efforts to bring this business plan a giant step closer to reality,” said Chris Jones, president and CEO.

Westwater is an explorer and developer of U.S.-based mineral resources essential to clean energy production in the United States. The company plans to develop its Coosa Graphite Processing Facility to purify natural graphite concentrates and to produce battery ready graphite products. The project will use state of the art technology and processing techniques to extract and refine graphite concentrates with 95-97 percent graphitic carbon (Cg) content to make coated spherical purified graphite (CSPG) for Li-ion battery anodes.

PROJECT DEVELOPMENT PLAN

Phase I: In early 2023, the project is expected to begin processing approximately 8,050 metric tons (mt) per year of graphite concentrate. Feedstock is anticipated to be supplied from outside sources until at least 2028. After processing and purification, and approximately 7,500 mt of two products would be available in the following quantities per year:
• CSPG: 3,700 mt per year
• Fine products from SPG milling: 3,800 mt per year

Phase II: Although not yet approved, the processing capacity of feedstock for the project is planned to increase to approximately 35,200 mt per year in 2024. After processing and purification, approximately 32,400 mt of two products will be available in the following quantities:
• CSPG: 15,800 mt per year
• Fine products from SPG milling: 16,600 mt per year

PROPRIETARY TECHNOLOGY

Westwater has been working with third-party technology providers and equipment suppliers to develop the processes for purifying graphite to levels greater than 99.95 percent Cg and then processing that graphite into battery-grade CSPG. The result has been a unique, environmentally safe process utilizing relatively low temperatures and readily available industrial reagents. This process, for which WWR has made a patent application, is superior to processes used in China and elsewhere in terms of environmental safety. The project, Phase I, is designed to process 8,050 metric tons per year of graphite.

About Westwater Resources
Westwater Resources 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.

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