Westwater Resources Supports ITC Preliminary Determination on Chinese Graphite
06 2월 2025 - 10:00PM
Business Wire
Westwater Resources, Inc. (NYSE American: WWR), an energy
technology and battery-grade natural graphite company (“Westwater”
or the “Company”), supports the preliminary determination of the
U.S. International Trade Commission (“ITC”) that China’s exports of
graphite have materially impeded the establishment of a U.S.
domestic graphite industry.
The American Active Anode Materials Producers (“AAAMP”) filed a
trade case with the U.S. government in December 2024 seeking
tariffs as high as 920% on imports of natural and synthetic
graphite from China for use in producing lithium-ion batteries. The
ITC issued a preliminary determination on January 31, 2025, which
is in agreement with the AAAMP claim based on the U.S. Department
of Commerce’s own calculation of graphite dumping margins up to
915%.
Jon Jacobs, Westwater’s Chief Commercial Officer, commented,
“This quantitative validation and rapid acknowledgement by the U.S.
government that China-subsidized graphite is impeding the
establishment of a U.S. industry is a huge win for U.S. producers
of natural graphite anode material like Westwater. We expect this
announcement to have an immediately positive effect on our off-take
interest.”
With this preliminary determination by the ITC, the case will
now proceed for further review. An additional update is expected
from the Department of Commerce and ITC in March, followed by a
preliminary determination to be announced on May 27th as to whether
graphite is being sold at less than fair value.
About Westwater Resources, Inc.
Westwater Resources is an energy technology company that is
focused on developing battery-grade natural graphite. Westwater
Resources’ primary project is the Kellyton Graphite Processing
Plant that is under construction in east-central Alabama. In
addition, Westwater Resource’s Coosa Graphite Deposit is the
largest and most advanced natural flake graphite deposit in the
contiguous United States — and is located across 41,965 acres
(~17,000 hectares) in Coosa County, Alabama. For more information,
visit 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 “expect,” “further
review,” “immediate,” “preliminary,” “positive effect,” and other
similar words or phrases. Forward looking statements include, among
other things, statements concerning: the importance of critical
minerals including battery-grade graphite; establishing a graphite
industry in the U.S., tariffs associated with the importation of
natural and synthetic graphite into the U.S., the Company’s
business plans for its Kellyton Graphite Plant; and efforts to
manage existing off-take agreements or to put new off-take
agreements into place for the products from that Plant. 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. Those uncertainties and other factors are
discussed in Westwater’s Annual Report on Form 10-K for the year
ended December 31, 2023, and subsequent securities filings, and
they could cause actual results to differ materially from
management expectations.
Contacts Westwater Resources, Inc. Email:
Info@WestwaterResources.net
Investor Relations Email:
Investorrelations@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 “guidance,”
“positively effects,” “supports,” “applaud,” “accelerate,” and
other similar words. Forward-looking statements in this release
include, among other things, statements concerning: Westwater’s
future sales of domestically produced natural graphite, including
CSPG and Fines products, to customers, including the amounts,
timing, and types of products included within those sales; the
continued construction and planned annual production from Phase I
of Kellyton Graphite Plan; and future demand of domestic graphite
products. Westwater cautions that there are certain 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 Westwater; accordingly, there can
be no assurance that such suggested results will be realized.
Additional risks facing Westwater‘s future prospects are discussed
in the Westwater Resources, Inc. Annual Report on Form 10-K for the
year ended December 31, 2023, and subsequent securities
filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20250206059722/en/
Westwater Resources, Inc. Email:
Info@WestwaterResources.net
Investor Relations Email:
Investorrelations@westwaterresources.net
Westwater Resources (AMEX:WWR)
과거 데이터 주식 차트
부터 3월(3) 2025 으로 4월(4) 2025
Westwater Resources (AMEX:WWR)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 4월(4) 2025