Westwater Resources Inc. has released its preliminary condensed consolidated financial results for the second quarter ending June 30, 2025. The company reported a net loss of $3.855 million for the three months ended June 30, 2025, compared to a net loss of $3.819 million for the same period in 2024. For the six months ended June 30, 2025, the net loss was $6.531 million, down from $6.717 million in the same period of the previous year. Total stockholders' equity as of June 30, 2025, stood at $134.784 million, an increase from $133.122 million as of December 31, 2024. Total liabilities and stockholders' equity amounted to $150.498 million as of June 30, 2025, compared to $146.357 million at the end of the previous year. Additionally, Westwater's cash and cash equivalents increased to $6.704 million as of June 30, 2025, from $4.272 million as of December 31, 2024. The company's total operating expenses for the three-month period were $3.575 million, up from $2.838 million in the previous year. For the six-month period, operating expenses were $6.210 million, compared to $5.831 million for the same period in 2024. The weighted average number of shares outstanding for the period ending June 30, 2025, was 75,983,998, compared to 57,427,333 for the same period in 2024. The company did not provide specific outlook or guidance for future periods in this report.
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