Westwater Resources FY 2025 net loss from operations widens 115% to USD 27.3 million

Reuters
Mar 20
Westwater Resources FY 2025 net loss from operations widens 115% to USD 27.3 million
  • Westwater published its annual report on Form 10-K, reporting a consolidated net loss from operations of USD 27.3 million, or USD 0.32 per share.
  • Net loss from operations widened 115% from the prior year, driven mainly by costs tied to Convertible Notes conversions and fair value adjustments, higher stock-based compensation, debt issuance costs, higher depreciation, and Coosa Graphite Deposit permitting work.
  • General and administrative expense rose 24% to USD 12.4 million, primarily due to higher stock-based compensation from restricted stock unit awards granted in May 2025.
  • Other expense, net increased to USD 12.8 million from the prior year, mainly reflecting issuance costs, conversions and fair value adjustments of Convertible Notes, plus deferred debt issuance costs after pausing a secured debt syndication process following termination of the FCA offtake agreement.
  • Cash was USD 48.6 million at year-end, and Kellyton Graphite Plant Phase I costs incurred since inception totaled about USD 128.2 million against a maintained Phase I cost estimate of USD 245 million.


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