Westwater Resources Announces Date for Annual Shareholder Meeting
11 March 2023 - 10:00AM
Business Wire
Westwater Resources, Inc. (NYSE American: WWR), an energy
technology and battery-grade natural graphite development company,
announces that its Annual General Meeting of Shareholders will be
held on Wednesday, May 10, 2023, at 9:00 am central daylight
time.
The Board of Directors of the Company has fixed the close of
business on Monday, March 13, 2023, as the record date for
determining the stockholders entitled to notice of and to vote at
the Annual Meeting or at any adjournment or postponement thereof.
The meeting will be held virtually, and meeting materials will be
mailed to shareholders of record on or about March 20, 2023.
Pursuant to Section 610(b) of the NYSE American Company Guide,
the Company notes that the audit opinion provided by the Company's
independent public accounting firm relating to the Company's
audited consolidated financial statements for the year ended
December 31, 2022, included a going concern qualification. The
financial statements with that opinion were included in the
Company's Annual Report on Form 10-K for the year ended December
31, 2022, which was filed with the Securities and Exchange
Commission on March 6, 2023.
About Westwater Resources, Inc.
Westwater Resources, Inc. (NYSE American: WWR), an energy
technology company, is focused on developing battery-grade natural
graphite. The Company’s primary project is the Kellyton graphite
processing plant that is under construction in east-central
Alabama. In addition, the Company’s Coosa graphite deposit is the
most advanced natural flake graphite deposit in the contiguous
United States and located across 41,965 acres (~17,000 hectares) in
Coosa County, Alabama. For more information, visit
www.westwaterresources.net.
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are subject to risks, uncertainties and
assumptions and are identified by words such as "expects,"
"estimates," "projects," "anticipates," "believes," "could,"
“intensified”, “scheduled,” “targets” and other similar words.
Forward-looking statements include, among other things, statements
concerning potential debt financing, the construction and operation
of the Company’s Kellyton graphite plant, the Company’s Coosa
graphite deposit, and the costs, schedules, production and economic
projections associated with them. The Company cautions that there
are factors that could cause actual results to differ materially
from the forward-looking information that has been provided. The
reader is cautioned not to put undue reliance on this
forward-looking information, which is not a guarantee of future
performance and is subject to a number of uncertainties and other
factors, many of which are outside the control of the Company;
accordingly, there can be no assurance that such suggested results
will be realized. The following factors, in addition to those
discussed in Westwater’s Annual Report on Form 10-K for the year
ended December 31, 2022, and subsequent securities filings, could
cause actual results to differ materially from management
expectations as suggested by such forward-looking information: (a)
our ability to finance growth plans and raise debt or equity
capital; (b) the spot price and long‑term contract price of
graphite (both flake graphite feedstock and purified graphite
products) and vanadium, and the world-wide supply and demand of
graphite and vanadium; (c) the effects, extent and timing of
additional competition in the markets in which we operate; (d) the
ability to obtain contracts with customers; (e) available sources
and transportation of graphite feedstock; (f) the ability to
control costs and avoid cost and schedule overruns during the
development, construction and operation of the Kellyton graphite
plant; (g) the ability to construct and operate the Kellyton
graphite plant in accordance with the requirements of permits and
licenses and the requirements of tax credits and other incentives;
(h) effects of inflation and rising interest rates; (i) the
availability and supply of equipment and materials needed to
construct the Kellyton graphite plant; (j) stock price volatility;
(k) government regulation of the mining and manufacturing
industries in the United States; (l) unanticipated geological,
processing, regulatory and legal or other problems we may
encounter; (m) the results of our exploration activities at the
Coosa graphite deposit, and the possibility that future exploration
results may be materially less promising than initial exploration
results; (n) any graphite or vanadium discoveries at the Coosa
graphite deposit not being in high enough concentration to make it
economic to extract the metals; (o) the potential effects of the
continued COVID-19 pandemic; (p) currently pending or new
litigation or arbitration; and (q) our ability to maintain and
timely receive mining, manufacturing, and other permits from
regulatory agencies.
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version on businesswire.com: https://www.businesswire.com/news/home/20230310005393/en/
Westwater Resources, Inc. Email:
Info@WestwaterResources.net
Investor Relations Email:
Investorrelations@WestwaterResources.net
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