Westwater Resources (WWR) Stock Heads Up On Graphite Receipt

Westwater Resources WWR Stock News

Westwater Resources Inc (NASDAQ: WWR) is making a run for the top in the market this morning, and for good reason. The company an that it has received a shipment of graphit concentrate. Here’s what’s going on:

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WWR Stock Heads Up On Graphite Concentrate Receipt

In the press release, Westwater Resources said that it has recieved 30 metric tonnes of natural flake graphite concentrate. The concentrate was delivered to the Dorfner Anzaplan’s facility in Hirchau, Gemrmany. The graphite concentrate was purchased under its long-term graphite purchase agreement.

In the release, WWR said that the material is planned for use in the pilot plant currently being constructed at Dorfner Anzapan’s facilities near Amberg, Germany, as well as at facilities in Frankfort, Germany, Chicago, Illinois, and Buffalo, New York.

The company said that the materials will be used to produce more than 10 metric tonnes of three trademarked battery graphite products.

In a statement, Christopher M. Jones, President and CEO at WWR, had the following to offer:

This pilot plant is unique in several aspects. We are utilizing several years of accumulated science and engineering technical data to produce battery products through an environmentally sensitive process for testing by our prospective customers. This pilot will produce high quality and high-performance battery graphite products that will be consistent with our full-scale production facility.

The Coosa Graphite Project is perfectly timed to take advantage of the advances in the electrification of our transportation system and grid electricity storage for renewable energy here in the United States and the rest of the world. These systems need graphite as a critical ingredient. Our development plan puts battery graphite in the marketplace and accelerates Westwater’s path to cash flow. We are getting our foot in the door early.

This News Is Huge

The news released by Westwater Resources today is massive. Mr. Jones outlined it best in his quote. Every day, more and more people are taking note of the painful environmental effects of the use of traditional fuels as energy sources. As a result, we’re seeing a strong shift to solar, wind, and other forms of clean energy. We’re also watching as the transportation market moves to electric, rather than combustion.

Energy storage is key to making this shift, and for energy storage to take place, you need high-quality batteries. At the end of the day, graphite is a very important basic material for battery producers. With WWR creating the supply chain needed to bring this graphite to market, the company will have a massive opportunity to cash in on the shift to clean energy. All in all, WWR stock is one to watch closely.

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