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Westwater Resources Announces 2024 Business and Financial Updates
Westwater Resources announced its 2024 results and business/financial updates, highlighting offtake agreements with SK On and Fiat Chrysler Automobiles for Coated Spherical Purified Graphite (CSPG). The company decreased the estimated capital cost of Phase I by $26 million and completed construction of its qualification line at the Kellyton Graphite Plant. Westwater has spent approximately $123 million in capital expenditures on Phase I construction to date and is working to finalize a $150 million debt financing to complete the project.
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