Westwater Resources FY2022 net loss narrows; announces EV battery deal, optimized DFS, $150M debt term sheet

WESTWATER RESOURCES, INC.

FY2022 net loss $11.1M ($0.25/sh) vs $16.1M ($0.49) prior year; cash $75.2M, working capital $51.0M.
Agreement with Tier 1 EV battery manufacturer to qualify CSPG for use as anode material; expects to negotiate sale of all output.
Optimized DFS: Phase I CSPG production more than doubled to 7,500 mt/yr; pre-tax NPV $417M (8% discount), IRR 24.7%.
Phase I capital requirements $271M; signed non-binding $150M debt term sheet targeting Q2 close.
Phase II expansion: total capital $736M, CSPG 40,500 mt/yr, pre-tax NPV $2.2B, IRR 36.3%.

item 2.01 item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

WESTWATER RESOURCES, INC. reported financial results for the year ended December 31, 2022.

Period: the year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 7, 2023, Westwater Resources, Inc. (the “Company”) issued a press release announcing the financial results and a business update for the Company for the year ended December 31, 2022.

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WESTWATER RESOURCES, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-029617

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