Westwater Resources, Inc. (NYSE American: WWR) is a Colorado-based battery materials company focused on developing domestic graphite processing capabilities for the electric vehicle market. Led by CEO Frank Bakker, Executive Chairman Terence Cryan, and CFO Steve Cates, the company has transitioned from traditional mining to become a specialized graphite processor targeting the growing EV battery supply chain.
The company's primary asset is the Kellyton Graphite Plant in Alabama, designed to produce 12,500 metric tons annually of Coated Spherical Purified Graphite (CSPG) for lithium-ion battery anodes. Phase I construction costs have been optimized to $245 million, down from an earlier $271 million estimate. The facility's qualification production line became operational in late 2024, producing over 800 kilograms of CSPG samples during Q1 2025 for customer validation.
Westwater has secured 100% of Phase I capacity through multi-year offtake agreements with SK On and Stellantis, spanning 2026 through 2031. These contracts include price indexation mechanisms providing downside protection and enhancing financing prospects.
As a pre-revenue development company, Westwater maintains a market capitalization of approximately $38.7 million with 76.4 million shares outstanding. The company has invested over $119 million in Kellyton facility construction to date. In January 2025, management received investment committee approval from their lead lender for debt facility syndication, with final terms under negotiation. Additionally, the US Export-Import Bank provided a letter of interest in May 2025 for potential financing support.
Near-term priorities center on completing Phase I debt financing and advancing toward commercial production. The company is capitalizing on favorable policy developments, including tariffs on Chinese graphite materials and domestic supply chain initiatives. Long-term plans include potential additional production phases and development of the Coosa Graphite Deposit to provide domestic feedstock, reducing import dependence while positioning for continued growth in the electric vehicle transition.
Join Kevin Dwyer, a seasoned stock trader, and Robynne Eaton, an entrepreneurial filmmaker, in 'The Mine$tockers' as they embark on a thrilling international quest. Venturing into rugged and often perilous mining territories, they investigate publicly traded mining companies, from gold to base metals, seeking profitable investments and making critical investment decisions.
Their journey digs deep into the lives of local communities and complex relationships between mining operations, environmental stewardship, and Indigenous peoples. With insights from geologists, experts, and Indigenous partners, Kevin and Robynne evaluate each company's environmental and social governance, revealing the intricate balance of industry standards and ethical practices.
Travel alongside them in diverse modes, from RVs to seaplanes, as they uncover the hidden stories and histories of the mining world, offering a unique perspective on the challenges and beauties of the global mining landscape.
But the adventure doesn't stop with watching - viewers can dive into the action themselves with the Mine$tockers Fantasy Trading Pool. This immersive experience allows you to create your own trading portfolio with $100,000 in fantasy bucks and compete against the Mine$tockers throughout the season. The stakes are high: half of the growing cash prize pool goes to the top-performing trader, while the other half is earmarked for a charity of the Mine$tockers' choice. However, if the Mine$tockers themselves clinch the top spot on the scoreboard at season's end, the entire prize pot will be donated to charity. It's not just about watching investments unfold - it's about testing your own trading mettle in this high-stakes, real-time challenge.
With over 20 years of experience in the film industry as both a producer and actor, Robynne Eaton brings her keen eye and storytelling expertise to Mine$tockers. She'll investigate the history surrounding ESG (Environmental, Social, and Governance) practices and help tell the story of the mining world through her unique perspective.
Robynne's passion for uncovering the truth shines as she delves into the intricacies of mining operations. Her professional film production background and engaging personality allow her to present an unbiased and captivating view of the industry.
Former Bay Street trader, Kevin Dwyer, has transitioned from his role as an over-the-counter stock trader in the resource sector to a private investor and adventurer. He now visits mining properties to gain firsthand insights.
The Mine$tockers believe in making informed investment decisions in the mining industry. They carefully evaluate established and up-and-coming mining stocks, interact with local communities and base their trades on their findings.
With a wealth of experience in the great outdoors, Kevin has traveled to diverse destinations, from the northern wilderness to the southern deserts. He is an avid sportsman, hiker, and adventurer.
MineStocker Bali loves to get details of lunch firsthand.
Bali will examine the local food highlights while checking out local canine!
Who are the people on-site, in the mine office as well as in town? Meet them with Bali, see them from her eyes.
Bali has traveled to many fantastic and exciting places for lunch and will lead the way!