secwatch.observer — SEC 8-K summary
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Issuer:     WESTWATER RESOURCES, INC. (WWR)
CIK:        0000839470
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001104659-23-029617
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/839470/000110465923029617/0001104659-23-029617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/839470/000110465923029617/tm238583d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-029617

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