Westwater Resources Announces Executive Management Changes

Key Facts

• CENTENNIAL, Colo.--(BUSINESS WIRE)--Westwater Resources, Inc. (NYSE American: WWR), a battery-grade, natural graphite development company (“Westwater” or the “Company”), today announced the retirement of Christopher M. Jones, President and Chief Executive Officer (CEO) and member of the Board, effective February 25, 2022.
• Chief Operating Officer (COO) Chad M. Potter has been elected Westwater’s new President and CEO and appointed to fill the vacancy on the Board of Directors, effective February 26, 2022.
• Prior to joining Westwater, Mr. Potter served as the COO and Vice President of Operations in Alabama, Ohio, Kentucky, and Tennessee for American Consolidated Industries.
• The following factors, in addition to those discussed in Westwater’s Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: (a) the Company’s ability to successfully construct and operate a commercial-scale plant capable of producing battery grade materials in quantities and on schedules consistent with the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan and Samuel Engineering, including the impact of COVID-19 and its potential impacts to the capital markets; (e) government regulation of the graphite industry and the vanadium industry; (f) world-wide graphite and vanadium supply and demand, including the supply and demand for energy storage batteries; (g) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including but not limited to Alabama and Colorado; (h) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (i) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; and (j) new litigation or arbitration.

Click To Read Full Article