Westwater's Offtake Deal With Stellantis Subsidiary Terminated

Dow Jones

2025/11/08

By Katherine Hamilton

Westwater Resources' binding offtake agreement with Stellantis's subsidiary FCA US has been terminated.

The maker of battery materials said Friday that due to the termination it has paused a debt syndication--which was backed by the agreement--that was underway. The company said its offtake agreements with SK On and Hiller Carbon remain in effect.

Westwater is engaging with the U.S. Export-Import Bank and other government agencies regarding financing opportunities.

Stellantis's subsidiary has indicated it is open to reconsidering the arrangement, but Westwater said any future agreement would be based on current market conditions. Westwater is exploring additional offtake opportunities with other customers.

The company is now focused on optimizing its Kellyton Plant to meet its offtake commitments, it said. The plan is to adjust processing capacity to match the existing offtake agreements and available financing.

The strategy is expected to lower the plant's initial capacity and decrease the total capital and time needed to reach commercial production. Westwater expects to complete this optimization evaluation by the end of the year. It will provide an update in early 2026.

Westwater had raised $55 million through its at-the-market program as of June 30. Its current cash balance is $53 million. The additional liquidity will allow Westwater to navigate the optimization of the first phase of its Kellyton Plant.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

November 07, 2025 18:03 ET (23:03 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2581373438"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2581373438\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2581373438?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-08 07:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2581373438","market":"sg","top_or_hot":-1,"title":"Westwater's Offtake Deal With Stellantis Subsidiary Terminated","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Westwater Resources' binding offtake agreement with Stellantis's subsidiary FCA US has been terminated. \n</p>\n<p>\n  The maker of battery materials said Friday that due to the termination it has paused a debt syndication--which was backed by the agreement--that was underway. The company said its offtake agreements with SK On and Hiller Carbon remain in effect. \n</p>\n<p>\n  Westwater is engaging with the U.S. Export-Import Bank and other government agencies regarding financing opportunities. \n</p>\n<p>\n  Stellantis's subsidiary has indicated it is open to reconsidering the arrangement, but Westwater said any future agreement would be based on current market conditions. Westwater is exploring additional offtake opportunities with other customers. \n</p>\n<p>\n  The company is now focused on optimizing its Kellyton Plant to meet its offtake commitments, it said. The plan is to adjust processing capacity to match the existing offtake agreements and available financing. \n</p>\n<p>\n  The strategy is expected to lower the plant's initial capacity and decrease the total capital and time needed to reach commercial production. Westwater expects to complete this optimization evaluation by the end of the year. It will provide an update in early 2026. \n</p>\n<p>\n  Westwater had raised $55 million through its at-the-market program as of June 30. Its current cash balance is $53 million. The additional liquidity will allow Westwater to navigate the optimization of the first phase of its Kellyton Plant. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 07, 2025 18:03 ET (23:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Westwater's Offtake Deal With Stellantis Subsidiary Terminated</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWestwater's Offtake Deal With Stellantis Subsidiary Terminated\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-11-08 07:03</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Westwater Resources' binding offtake agreement with Stellantis's subsidiary FCA US has been terminated. \n</p>\n<p>\n  The maker of battery materials said Friday that due to the termination it has paused a debt syndication--which was backed by the agreement--that was underway. The company said its offtake agreements with SK On and Hiller Carbon remain in effect. \n</p>\n<p>\n  Westwater is engaging with the U.S. Export-Import Bank and other government agencies regarding financing opportunities. \n</p>\n<p>\n  Stellantis's subsidiary has indicated it is open to reconsidering the arrangement, but Westwater said any future agreement would be based on current market conditions. Westwater is exploring additional offtake opportunities with other customers. \n</p>\n<p>\n  The company is now focused on optimizing its Kellyton Plant to meet its offtake commitments, it said. The plan is to adjust processing capacity to match the existing offtake agreements and available financing. \n</p>\n<p>\n  The strategy is expected to lower the plant's initial capacity and decrease the total capital and time needed to reach commercial production. Westwater expects to complete this optimization evaluation by the end of the year. It will provide an update in early 2026. \n</p>\n<p>\n  Westwater had raised $55 million through its at-the-market program as of June 30. Its current cash balance is $53 million. The additional liquidity will allow Westwater to navigate the optimization of the first phase of its Kellyton Plant. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 07, 2025 18:03 ET (23:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STLA","symbol_name":"Stellantis NV","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2581373438","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581373438","pubTimestamp":1762556580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Westwater Resources' binding offtake agreement with Stellantis's subsidiary FCA US has been terminated.The maker of battery materials said Friday that due to the termination it has paused a debt syndication--which was backed by the agreement--that was underway. The company said its offtake agreements with SK On and Hiller Carbon remain in effect.Westwater is engaging with the U.S. Export-Import Bank and other government agencies regarding financing opportunities.Stellantis's subsidiary has indicated it is open to reconsidering the arrangement, but Westwater said any future agreement would be based on current market conditions. Westwater is exploring additional offtake opportunities with other customers.The company is now focused on optimizing its Kellyton Plant to meet its offtake commitments, it said. The plan is to adjust processing capacity to match the existing offtake agreements and available financing.The strategy is expected to lower the plant's initial capacity and decrease the","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"STLA":"Stellantis NV","LU1064927863.SGD":"JPMorgan Funds - Europe Dynamic A (acc) SGD-H","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4096":"电气部件与设备","WWR":"Westwater Resources Inc","BK4099":"汽车制造商"},"translate_title":"Westwater与Stellantis子公司的承购协议终止","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STLA":1.5,"WWR":0.9},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Westwater Resources' binding offtake agreement with Stellantis's subsidiary FCA US has been terminated. \n\n\n  The maker of battery materials said Friday that due to the termination it has paused a debt syndication--which was backed by the agreement--that was underway. The company said its offtake agreements with SK On and Hiller Carbon remain in effect. \n\n\n  Westwater is engaging with the U.S. Export-Import Bank and other government agencies regarding financing opportunities. \n\n\n  Stellantis's subsidiary has indicated it is open to reconsidering the arrangement, but Westwater said any future agreement would be based on current market conditions. Westwater is exploring additional offtake opportunities with other customers. \n\n\n  The company is now focused on optimizing its Kellyton Plant to meet its offtake commitments, it said. The plan is to adjust processing capacity to match the existing offtake agreements and available financing. \n\n\n  The strategy is expected to lower the plant's initial capacity and decrease the total capital and time needed to reach commercial production. Westwater expects to complete this optimization evaluation by the end of the year. It will provide an update in early 2026. \n\n\n  Westwater had raised $55 million through its at-the-market program as of June 30. Its current cash balance is $53 million. The additional liquidity will allow Westwater to navigate the optimization of the first phase of its Kellyton Plant. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 07, 2025 18:03 ET (23:03 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}