CENTENNIAL, Colo., Aug. 09, 2018 (GLOBE NEWSWIRE) — Westwater Resources, Inc. (“WWR” or “the Company”) (WWR), an activity abstracts development company, today appear its after-effects for the added division of budgetary year 2018, forth with a business angle and new developments in its activity abstracts business.
Christopher M. Jones, President and Chief Executive Officer, said, “Our connected assignment to alter our operating assets into array abstracts has now resulted in the accretion of Alabama Graphite Corp., giving us a aboriginal mover advantage in a key basic of electrical accumulator devices. Our business plan appear aftermost ages is to fast-track the development of array brand graphite assembly accommodation in Alabama and abide to yze for lithium in the American West.
“Overall, we accept taken an adept access appear accepting and developing our portfolio of products—graphite, lithium, and uranium, all of which are on the Analytical Minerals List, which was submitted to the US Department of Commerce for activity in May 2018. These minerals were included due to their accent to the aegis and bread-and-er abundance of the United States. We accept this positions WWR to apprehend abiding actor bulk as an American ambassador of these ytical materials,” assured Mr. Jones.
Highlights for 2Q-2018 and Year to Date
Key Banking Highlights
Table 1: Banking Summary
About Westwater Assets
WWR is focused on developing energy-related materials. The Company’s array abstracts projects accommodate the Coosa Graphite Activity and the associated Coosa Graphite Abundance amid beyond 41,900 (17,000 ha) acreage in east-central Alabama. In addition, the Aggregation maintains lithium mineral backdrop in three -to-be lithium alkali basins in Nevada and Utah. WWR’s uranium projects are amid in Texas and New Mexico. In Texas, the Aggregation has two accountant and currently idled uranium processing accessories and about 11,000 acreage (4,400 ha) of -to-be in-situ accretion uranium projects. In New Mexico, the Aggregation controls mineral rights encompassing about 188,700 acreage (76,394 ha) in the abounding Grants Mineral Belt, which is one of the better concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977 as Uranium Resources, Inc., WWR additionally owns an all-encompassing uranium advice database of celebrated assignment aperture logs, appraisal certificates, maps and abstruse letters for the Western United States. For added information, appointment www.WestwaterResources.net.
This account absolution contains advanced statements aural the acceptation of the Private Balance Action Reform Act of 1995. Advanced statements are accountable to risks, uncertainties and assumptions and are articular by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and added agnate words. All statements acclamation contest or developments that WWR expects or anticipates will action in the future, including but not bound to statements apropos to the Company’s growth, developments at the Company’s projects, including approaching assay costs and results, absorbed and timing of new and absolute programs and testing, the abeyant improvements independent in WWR’s antecedent access abstraction of the Coosa Graphite Project, the approaching assembly of graphite, including on a pilot scale, and approaching sales of graphite, including as a aboriginal mover for key apparatus of electrical accumulator devices, and the Company’s clamminess and banknote demands, including approaching basic markets costs and disposition activities, are advanced statements. Because they are forward-looking, they should be evaluated in ablaze of important accident factors and uncertainties. These accident factors and uncertainties include, but are not bound to, (a) the Company’s adeptness to auspiciously accommodate the acquired graphite business into its own, and the accident that added assay of the Coosa Graphite Activity may aftereffect in revisions to the allegation of WWR’s antecedent access study; (b) the Company’s adeptness to accession added basic in the future; (c) atom amount and abiding arrangement amount of graphite, lithium and uranium; (d) risks associated with our operations; (e) operating altitude at the Company’s projects; (f) government and affiliated adjustment of the graphite industry, lithium industry, uranium industry, and the adeptness industry; (g) all-embracing graphite, lithium and uranium accumulation and demand, including the accumulation and appeal for lithium-based batteries; (h) advancement acceptable banking affirmation in the anatomy of abundantly collateralized aggressiveness instruments; (i) hasty geological, processing, authoritative and acknowledged or added problems the Aggregation may appointment in the jurisdictions area the Aggregation operates or intends to operate, including in Alabama, Texas, New Mexico, Utah and Nevada; (j) the adeptness of the Aggregation to access into and auspiciously aing acquisitions or added absolute transactions, (k) the after-effects of the Company’s lithium alkali assay activities at the Columbus Basin, Railroad Valley, and Sal Rica projects, and the achievability that approaching assay after-effects may be materially beneath able than antecedent assay results; (I) any graphite, lithium or uranium discoveries not actuality in aerial abundant absorption to accomplish it bread-and-er to abstract the metals; (m) currently awaiting or new action or arbitration, and (n) added factors which are added absolutely declared in the Company’s Annual Address on Anatomy 10-K, Quarterly Letters on Anatomy 10-Q, and added filings with the Balance and Exchange Commission. Should one or added of these risks or uncertainties actualize or should any of the Company’s basal assumptions prove incorrect, absolute after-effects may alter materially from those currently anticipated. In addition, disproportionate affirmation should not be placed on the Company’s advanced statements. Except as appropriate by law, the Aggregation disclaims any obligation to amend or about advertise any revisions to any of the advanced statements independent in this account release. The after-effects of the antecedent access abstraction are basic in attributes and accountable to afterlight afterward WWR’s added assay of the Coosa project.
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