Westwater Resources Supports ITC Preliminary Determination on Chinese Graphite

By: Westwater Resources, Inc. via Business Wire

February 06, 2025 at 08:00 AM EST

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 27^th 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.