Westwater approves $202M Phase I of Coosa Graphite Project; DFS shows 15% IRR

WESTWATER RESOURCES, INC.

Board approved $202M expenditure for Phase I construction; expects start before end of 2021.
DFS shows Phase I after 2025 annual pre-tax cash flow of $24M and NPV-8% of $119M (35-yr life).
Phase I capacity: 8,050 mt/yr graphite concentrate, producing 3,700 mt CSPG and 3,800 mt fine products annually.
Company also approved purchase of 90,000 sq ft industrial space adjacent to Kellyton, AL site for admin/lab/warehouse.
Construction target completion in 17 months with production expected in early 2023.

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