Westwater Resources Reports Q1 2026 Results: Full Earnings Call Transcript

Westwater Resources (AMEX:WWR) reported first-quarter fiscal results connected Wednesday. The transcript from the company's first-quarter net telephone has been provided below.

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The afloat net telephone is disposable astatine https://events.q4inc.com/attendee/265765325

Summary

Westwater Resources Inc reported a nett nonaccomplishment of astir $4.7 cardinal for the quarter, an summation from the erstwhile year's $2.7 million, attributed to accrued permitting costs and merchandise improvement astatine Kellyton.

The institution is advancing its vertically integrated graphite level successful Alabama, focusing connected the Kooza graphite deposit and the Kellyton graphite plant, and has invested $29.6 cardinal successful the task to date.

Westwater Resources Inc is actively seeking non-dilutive financing options, including authorities funding, to implicit the $245 cardinal Phase 1 superior estimation for Kellyton, with $41.5 cardinal of currency connected manus and further undrawn superior available.

The institution received FAST41 designation for CUSA, which improves national permitting coordination, and expects the permitting process to instrumentality 12-24 months.

Despite the termination of a procurement statement with SKL, the institution continues to prosecute with prospective customers crossed assorted sectors and remains optimistic astir home request for battery-grade graphite.

Full Transcript

OPERATOR

Hello everyone. Thank you for joining america and invited to Westwater Resources Inc Q1 2026 league call. After today's prepared remarks, we volition big a question and reply session. If you would similar to inquire a question, delight property prima 1 to rise your hand. To retreat your question, property prima 1 again. I volition present manus the league implicit to Steve Cates. CFO Steve, delight spell ahead.

Steve Cates (Chief Financial Officer)

Thank you Operator and bully greeting everyone. Thank you for joining america contiguous for Westwater Resources archetypal 4th 2026 concern update. Our Form 10Q was filed and issued yesterday aft marketplace adjacent and is disposable successful the Investors conception of our website astatine westwaterresources.com joining maine connected the telephone contiguous are Terence Krein, our Executive Chairman, and Frank Bakker, our President and Chief Executive Officer. Both volition beryllium disposable to reply questions pursuing our prepared remarks. As a reminder, today's treatment volition see guardant looking statements regarding aboriginal events and expectations, including projected request for graphite products, expected timelines and costs related to the Kellyton graphite works successful Coosa graphite deposit financing activities, permitting timelines and lawsuit qualification efforts. These statements are taxable to risks and uncertainties that could origin existent results to disagree materially from management's existent expectations. Please notation to our SEC filings and the cautionary statements included successful our property merchandise for further detail. With that, I'll crook the telephone implicit to our Executive Chairman, Terence Krein.