Westwater Resources Inc., an energy technology and critical minerals company focused on developing battery-grade natural graphite, has announced its business results for the second quarter ending June 30, 2025. The company is actively progressing with the syndication of a $150 million secured debt facility to fund the remaining construction of Phase I at the Kellyton Graphite Processing Plant. Significant advancements have been made, including loan documentation, third-party technical due diligence, site visits, and efforts to secure a non-Chinese backup feedstock supplier. With 85% of Phase 1 equipment on site, Westwater's team is gaining valuable experience operating the qualification line and commissioning the first commercial micronizing and shaping systems. This preparation is aimed at ensuring operational readiness for full-scale production. The financings, executed under Westwater's shelf registration, include covenants that maintain financial flexibility, supporting ongoing construction and strategic growth plans. A conference call for further business updates is scheduled for August 14, 2025, at 11:00 AM Eastern Daylight Time, with a replay option available for those unable to attend.
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