The following is a summary of the Westwater Resources Inc. (WWR) Q4 2023 Earnings Call Transcript:
Financial Performance:
Westwater Resources increased its planned Phase I CSPG production by 67%, staying within the estimated capital budget of $271 million.
The economic analysis for the Coosa deposit indicates a potential pre-tax NPV of about $229 million and a projected pre-tax IRR of 26.7%.
Business Progress:
Westwater moves towards being the first U.S.-based vertical producer of CSPG via its proprietary technology.
The company has signed its first multiyear offtake agreement with a Tier 1 lithium-ion battery manufacturer, SK On.
A feasibility study for Phase II of the Kellyton Plant that may boost the production capacity to 50,000 metric tons per annum of CSPG has been initiated, with project decisions guided by customer demand and project economics.
Significant progress has been observed in the Kellyton Plant's construction, with five out of six stages of Phase I construction completed.
Westwater aims to be the first fully integrated domestic battery-grade graphite company in the U.S. targeting both local and IRA compliant supply.
Interest from customers in Phase II volumes suggests the potential to produce 50,000 metric tons per year of CSPG.
The company is exploring potential strategic investments and partnerships to advance the Coosa deposit.
More details: Westwater Resources IR
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