other material
confidence high
sentiment neutral
materiality 0.70
Westwater Resources secures up to $30M equity facility from Lincoln Park Capital and $8.05M ATM
WESTWATER RESOURCES, INC.
- Lincoln Park committed to buy up to $30M of common stock over 24 months; initial commitment shares of 600,000 issued.
- Regular purchases capped at $1M per day, subject to share price thresholds ($0.50, $0.75, $1.00) and 19.99% exchange cap.
- Entered ATM with H.C. Wainwright for up to $8.05M; 3% commission; terminated prior Cantor Fitzgerald ATM.
- Proceeds for working capital and general corporate purposes.