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Westwater Resources Announces Third Quarter 2026 Business Results

  • Westwater Resources reported a net loss of $4.4 million ($0.03 per share) for Q3 2026, down from $9.8 million in the same period in 2025.
  • The Coosa Graphite Mine completed Endangered Species Act consultation ahead of schedule & advanced Section 404 review beyond the public comment phase.
  • Environmental & cultural fieldwork was completed for the Coosa Mine, with permitting estimated to finish in June 2027 under the FAST-41 program.
  • Preliminary mine-planning studies began at Coosa, including ore-processing work & an evaluation of potential vanadium mineralization.
  • Dr. Anne Duncan was appointed General Manager of the Coosa Graphite Mine effective October 26, 2026.
  • Kellyton Graphite Plant construction continued with orders placed for additional long-lead equipment & significant deliveries expected by year-end.
  • The Kellyton R&D Lab & qualification line produced active anode samples meeting global battery manufacturer specifications.
  • Approximately $136 million has been invested in Kellyton Phase I since inception, with total estimated capital costs maintained at $245 million.
  • EXIM approved a $25 million direct loan to support Kellyton Phase I development under the Make More in America Initiative.
  • Westwater entered a Letter of Intent for offtake with a leading international customer & is actively negotiating with multiple prospective buyers.
  • The Company voluntarily redeemed its remaining Convertible Notes for $2.4 million, leaving no notes outstanding as of September 30, 2026.
  • Cash balance stood at $29.2 million as of September 30, 2026, following $1.3 million raised via the ATM agreement.
  • A replacement equity line of credit was secured with Lincoln Park for up to $50.0 million in common stock purchases.
  • Westwater will host a conference call on November 12, 2026, at 11:30 a.m. Eastern Time to discuss Q3 2026 results.