{"id":1020211,"date":"2026-11-12T06:58:40","date_gmt":"2026-11-12T11:58:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/westwater-resources-announces-third-quarter-2026-business-results\/"},"modified":"2026-11-12T06:58:40","modified_gmt":"2026-11-12T11:58:40","slug":"westwater-resources-announces-third-quarter-2026-business-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/westwater-resources-announces-third-quarter-2026-business-results\/","title":{"rendered":"Westwater Resources Announces Third Quarter 2026 Business Results"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Westwater Resources Announces Third Quarter 2026 Business Results<\/b><\/p>\n<p class=\"bwalignc\"><i>Coosa Graphite Mine Advances Through Key Permitting Milestones <\/i><i>With Mine Planning Underway<br \/>\n<br \/><\/i><i>Kellyton Graphite Plant Construction Continues<br \/>\n<br \/><\/i><i>EXIM Approves $25 Million Direct Loan to Support Kellyton Graphite Plant<br \/>\n<br \/><\/i><i>Company Executes Letter of Intent for Offtake with a Leading International Customer<\/i><\/p>\n<p>GREENWOOD VILLAGE, Colo.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Westwater Resources, Inc. (NYSE American: WWR)<\/b>, an energy technology and battery-grade natural graphite company (\u201cWestwater\u201d or the \u201cCompany\u201d), today announced business and financial results for the third quarter and nine months ended September 30, 2026.<\/p>\n<p>\n\u201cWe advanced both projects at the center of Westwater\u2019s mine-to-market strategy,\u201d said Frank Bakker, President and CEO of Westwater Resources. \u201cAt Coosa, we completed Endangered Species Act consultation ahead of schedule, advanced the Section 404 review beyond public comment and completed environmental and cultural fieldwork. We also began preliminary mine-planning and ore-processing studies. Coosa will be a long-term domestic source of natural graphite feedstock for Kellyton, linking the mine with the processing capacity needed to produce battery-grade material here in the United States.\u201d<\/p>\n<p>\nMr. Bakker added: \u201cAt Kellyton, we placed orders for additional long-lead equipment and continued operating the R&amp;D Lab and qualification line to support product development, customer qualification and operational readiness. We also signed a letter of intent with a leading international customer for offtake and are actively engaged in offtake negotiations with multiple customers. Based on our prior success with achieving offtake contracts, we remain confident that Kellyton Phase 1 capacity will be fully committed under offtake prior to commissioning. EXIM\u2019s approval of a $25 million direct loan is an important step toward financing Phase I at Kellyton. This approval gets us one step closer to something the country urgently needs: American-made, battery-grade natural graphite produced here in the United States for U.S. supply chains.\u201d<\/p>\n<p><b>Third Quarter 2026 Highlights<\/b><\/p>\n<p><b>Coosa Graphite Mine<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nAdvanced federal and state permitting activities for the Coosa Graphite Mine under the FAST-41 Federal Permitting Program; the FAST-41 dashboard currently estimates that environmental review and permitting will be complete in June 2027<\/p>\n<\/li>\n<li>\nConcluded the public-comment period for the Clean Water Act Section 404 permit application; the U.S. Army Corps of Engineers (\u201cUSACE\u201d) is reviewing comments as the application advances through the next phase of review<\/p>\n<\/li>\n<li>\nCompleted Endangered Species Act consultation ahead of the FAST-41 timetable<\/p>\n<\/li>\n<li>\nCompleted cultural-resource fieldwork, wetland delineation and stream-assessment work supporting the permitting process; submitted the applicable results and materials to USACE<\/p>\n<\/li>\n<li>\nContinued state permitting activities, including technical review of the Company\u2019s National Pollutant Discharge Elimination System (\u201cNPDES\u201d) permit application by the Alabama Department of Environmental Management (\u201cADEM\u201d)<\/p>\n<\/li>\n<li>\nInitiated preliminary mine-planning and design studies, including ore-processing work and evaluation of the potential value of vanadium mineralization which is present and could enhance the already attractive Coosa Mine economics<\/p>\n<\/li>\n<li>\nSubsequent to quarter-end, appointed Dr. Anne Duncan as General Manager of the Coosa Graphite Mine, effective October 26, 2026<\/p>\n<\/li>\n<\/ul>\n<p><b>Kellyton Graphite Plant<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nContinued to oversee engineering and manufacturing progress for long-lead equipment and coordinate with suppliers to support the production schedule<\/p>\n<\/li>\n<li>\nPlaced orders for additional long-lead equipment during the third quarter; significant equipment deliveries expected through year-end<\/p>\n<\/li>\n<li>\nContinued operating the R&amp;D Lab and qualification line to support product development, customer qualification, quality-control testing, operations training and process familiarization<\/p>\n<\/li>\n<li>\nProduced active anode material samples on the qualification line that meet the exacting specifications of leading global battery manufacturers<\/p>\n<\/li>\n<li>\nAs of September 30, 2026, approximately $136 million has been invested in Kellyton Phase I since project inception<\/p>\n<\/li>\n<li>\nMaintained the estimated Phase I capital cost of approximately $245 million, including approximately $15 million of contingency<\/p>\n<\/li>\n<\/ul>\n<p><b>Financing &amp; Liquidity<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nReceived <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwestwaterresources.com%2Finvestor%2Fnews%2Fnews-details%2F2026%2FWestwater-Resources-Announces-EXIM-Approval-of-25-Million-Loan-to-Advance-the-Kellyton-Graphite-Plant%2Fdefault.aspx&amp;esheet=54640084&amp;newsitemid=20261111175634&amp;lan=en-US&amp;anchor=approval+in+August+2026+from+the+Export-Import+Bank+of+the+United+States&amp;index=1&amp;md5=1dc1a5728aa4a540e6385ad386d35f58\">approval in August 2026 from the Export-Import Bank of the United States<\/a> (\u201cEXIM\u201d) for a $25 million direct loan under EXIM\u2019s Make More in America Initiative to support continued development of the Kellyton Graphite Plant<\/p>\n<\/li>\n<li>\nWestwater continues to evaluate and pursue potential government financing opportunities, including agency engagement, proposals and applications, and due diligence activities<\/p>\n<\/li>\n<li>\nCash balance of approximately $29.2 million as of September 30, 2026<\/p>\n<\/li>\n<li>\nVoluntarily redeemed the remaining balance of the Convertible Notes for approximately $2.4 million in cash; the notes were issued to institutional investors in 2025 with an original aggregate principal amount of $10.0 million; no notes remained outstanding as of September 30, 2026<\/p>\n<\/li>\n<li>\nRaised approximately $1.3 million of net proceeds through the Company\u2019s At-the-Market Sales Agreement (\u201cATM\u201d) during the quarter<\/p>\n<\/li>\n<li>\nApproximately $69.5 million remained available under the ATM as of September 30, 2026<\/p>\n<\/li>\n<li>\nSubsequent to quarter-end, entered into a replacement equity line of credit with Lincoln Park, which committed to purchase up to $50.0 million of the Company\u2019s common stock; Westwater controls whether and when to access the facility<\/p>\n<\/li>\n<\/ul>\n<p><b>Customer Engagement and Commercial Activities<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nEntered into a Letter of Intent for offtake with a leading international customer<\/p>\n<\/li>\n<li>\nProvided active anode product samples to prospective customers for evaluation and qualification in electric vehicle, battery energy storage systems (\u201cBESS\u201d) and defense-related battery markets<\/p>\n<\/li>\n<li>\nDeveloped, produced and shipped samples of a low swelling anode material specifically targeted at the fast-growing battery energy storage systems which have been well received upon testing by customers<\/p>\n<\/li>\n<li>\nEngaged in active offtake contract negotiations with multiple prospective customers, including global lithium-ion battery manufacturers and original equipment manufacturers<\/p>\n<\/li>\n<\/ul>\n<p><b>Financial Results<\/b><\/p>\n<p>\nNet loss for the third quarter of 2026 was approximately $4.4 million, or $0.03 per share, compared to a net loss of approximately $9.8 million, or $0.12 per share, for the same period in 2025.<\/p>\n<p>\nNet loss for the nine months ended September 30, 2026, was approximately $13.4 million, or $0.11 per share, compared to a net loss of approximately $16.4 million, or $0.21 per share, for the same period in 2025.<\/p>\n<p>\nNet loss decreased in the third quarter primarily because the Company recorded lower losses related to its Convertible Notes, which were repaid in full during the quarter. This was partly offset by higher Coosa permitting costs and consulting and outside services. For the first nine months, lower Convertible Note losses and higher interest income were partly offset by increased Coosa permitting, stock-based compensation, consulting and outside services, and product development costs.<\/p>\n<p><b>Conference Call and Webcast<\/b><\/p>\n<p>\nWestwater will host a conference call and webcast on November 12, 2026, at 11:30 a.m. Eastern Time to discuss its third quarter 2026 results and provide a corporate update.<\/p>\n<p>\nWebcast Link: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F266405228&amp;esheet=54640084&amp;newsitemid=20261111175634&amp;lan=en-US&amp;anchor=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F266405228&amp;index=2&amp;md5=51a633c894a304f4b8142020009a551c\">https:\/\/events.q4inc.com\/attendee\/266405228<\/a><\/p>\n<p><b>About Westwater Resources, Inc.<\/b><\/p>\n<p>\nWestwater Resources, Inc. (NYSE American: WWR) is a critical minerals and energy technology company advancing a vertically integrated, mine-to-market platform for battery-grade natural graphite in the United States. The Company\u2019s platform is anchored by the Coosa Graphite Mine in Alabama, the largest natural flake graphite deposit in the contiguous United States, and the Kellyton Graphite Plant, a processing facility designed to produce coated spherical purified graphite (CSPG), a key material used in lithium-ion battery anodes. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwestwaterresources.com&amp;esheet=54640084&amp;newsitemid=20261111175634&amp;lan=en-US&amp;anchor=WestwaterResources.com&amp;index=3&amp;md5=32c047644ba2e91c29eaacc6c8e60229\">WestwaterResources.com<\/a>.<\/p>\n<p><b>Cautionary Statement Regarding Forward-Looking Statements<\/b><\/p>\n<p>\nThis 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 and phrases such as \u201cleading,\u201d \u201cadvanced,\u201d \u201cahead of schedule,\u201d \u201cpreliminary,\u201d \u201clong-term,\u201d \u201cneeded to produce,\u201d \u201clong-lead,\u201d \u201coperational readiness,\u201d \u201cactively engaged,\u201d \u201cremain confident,\u201d \u201cwill be fully committed,\u201d \u201ccontinued development,\u201d \u201cimportant step,\u201d \u201cone step closer,\u201d \u201curgently needs,\u201d \u201ccurrently estimates,\u201d \u201cpotential,\u201d \u201ccould enhance,\u201d \u201cproduction schedule,\u201d \u201csignificant,\u201d \u201cestimated,\u201d \u201capproximately,\u201d \u201cprospective,\u201d \u201cwell received,\u201d \u201cprimarily,\u201d and other similar words. Forward-looking statements include, among other things, statements concerning: operational developments including the construction of the Kellyton Graphite Plant, the permitting and mine planning of the Coosa Graphite Deposit, and the costs, schedules, production and economic projections associated with both of them, and strategic priorities including progress on financing for the Kellyton Graphite Plant, customer engagement, and commercial activities. The Company cautions that there are factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no assurance that such suggested results will be realized. Those uncertainties and other factors are discussed in Westwater\u2019s Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent securities filings, and they could cause actual results to differ materially from management expectations.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261111175634r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261111175634\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261111175634\/en\/<\/a><\/span><\/p>\n<p><b>Westwater Resources, Inc.<br \/>\n<\/b><br \/>Email: <a rel=\"nofollow\" href=\"mailto:Info@WestwaterResources.com\">Info@WestwaterResources.com<br \/>\n<\/a><\/p>\n<p><b>Investor Relations<br \/>\n<\/b><br \/>Email: <a rel=\"nofollow\" href=\"mailto:Investorrelations@westwaterresources.com\">Investorrelations@westwaterresources.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Africa Australia\/Oceania United States Canada North America Australia Colorado<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology EV\/Electric Vehicles Automotive Other Energy Alternative Energy Other Natural Resources Energy Mining\/Minerals Batteries Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261111175634\/en\/1059383\/3\/WR_Logo_FA.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Westwater Resources Announces Third Quarter 2026 Business Results Coosa Graphite Mine Advances Through Key Permitting Milestones With Mine Planning Underway Kellyton Graphite Plant Construction Continues EXIM Approves $25 Million Direct Loan to Support Kellyton Graphite Plant Company Executes Letter of Intent for Offtake with a Leading International Customer GREENWOOD VILLAGE, Colo.&#8211;(BUSINESS WIRE)&#8211;Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company (\u201cWestwater\u201d or the \u201cCompany\u201d), today announced business and financial results for the third quarter and nine months ended September 30, 2026. \u201cWe advanced both projects at the center of Westwater\u2019s mine-to-market strategy,\u201d said Frank Bakker, President and CEO of Westwater Resources. \u201cAt Coosa, we completed Endangered Species Act consultation ahead of schedule, advanced the Section &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/westwater-resources-announces-third-quarter-2026-business-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Westwater Resources Announces Third Quarter 2026 Business Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1020211","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Westwater Resources Announces Third Quarter 2026 Business Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/westwater-resources-announces-third-quarter-2026-business-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westwater Resources Announces Third Quarter 2026 Business Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Westwater Resources Announces Third Quarter 2026 Business Results Coosa Graphite Mine Advances Through Key Permitting Milestones With Mine Planning Underway Kellyton Graphite Plant Construction Continues EXIM Approves $25 Million Direct Loan to Support Kellyton Graphite Plant Company Executes Letter of Intent for Offtake with a Leading International Customer GREENWOOD VILLAGE, Colo.&#8211;(BUSINESS WIRE)&#8211;Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company (\u201cWestwater\u201d or the \u201cCompany\u201d), today announced business and financial results for the third quarter and nine months ended September 30, 2026. \u201cWe advanced both projects at the center of Westwater\u2019s mine-to-market strategy,\u201d said Frank Bakker, President and CEO of Westwater Resources. \u201cAt Coosa, we completed Endangered Species Act consultation ahead of schedule, advanced the Section &hellip; Continue reading &quot;Westwater Resources Announces Third Quarter 2026 Business Results&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/westwater-resources-announces-third-quarter-2026-business-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-12T11:58:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261111175634r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westwater-resources-announces-third-quarter-2026-business-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westwater-resources-announces-third-quarter-2026-business-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Westwater Resources Announces Third Quarter 2026 Business Results\",\"datePublished\":\"2026-11-12T11:58:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westwater-resources-announces-third-quarter-2026-business-results\\\/\"},\"wordCount\":1418,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westwater-resources-announces-third-quarter-2026-business-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20261111175634r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westwater-resources-announces-third-quarter-2026-business-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westwater-resources-announces-third-quarter-2026-business-results\\\/\",\"name\":\"Westwater Resources Announces Third Quarter 2026 Business Results - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/westwater-resources-announces-third-quarter-2026-business-results\/","og_locale":"en_US","og_type":"article","og_title":"Westwater Resources Announces Third Quarter 2026 Business Results - Market Newsdesk","og_description":"Westwater Resources Announces Third Quarter 2026 Business Results Coosa Graphite Mine Advances Through Key Permitting Milestones With Mine Planning Underway Kellyton Graphite Plant Construction Continues EXIM Approves $25 Million Direct Loan to Support Kellyton Graphite Plant Company Executes Letter of Intent for Offtake with a Leading International Customer GREENWOOD VILLAGE, Colo.&#8211;(BUSINESS WIRE)&#8211;Westwater Resources, Inc. 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