Westwater Resources (WWR)

Risks

• We face a variety of risks related to our planned battery-graphite manufacturing business.
• The construction and operation of the Coosa Project is subject to delays, cost overruns or may not produce expected benefits.
• The Company may incur unexpected costs or delays in the construction of the Coosa Plant.
• The Company is not producing any products at a commercial scale at this time. As a result, we do not currently have a reliable source of operating cash. If we cannot successfully transition to commercial scale production of graphite and vanadium, partner with another company that has cash resources, find other means of generating and/or access additional sources of private or public capital, we may not be able to remain in business.
• Volatility in graphite and vanadium prices may result in the Company not receiving an adequate return on invested capital.
• Our operations are subject to environmental risks.
• Competition from better-capitalized companies affects prices and our ability to acquire both properties and personnel.
• Because we have limited capital, inherent manufacturing and mining risks pose a significant threat to us compared with our larger competitors.
• The timing and amount of compensation relating to the revocation of the mining and exploration licenses for our Temrezli and Sefaatli projects is yet to be determined.
• Exploration and development of graphite and vanadium properties are risky and subject to great uncertainties.
• The size and extent of the Company’s vanadium mineral reserves at the Coosa Project is unknown and may not be in sufficient quantities to make its extraction and processing economically feasible.
• The Company does not have and may not be able to obtain surface or access rights to all or a portion of the Coosa Deposit.
• Because mineral exploration and development activities are inherently risky, we may be exposed to environmental liabilities and other dangers. If we are unable to maintain adequate insurance, or liabilities exceed the limits of our insurance policies, we may be unable to continue operations.
• Title to the Coosa Deposit may be subject to defects in title or other claims, which could affect our property rights and claims.
• Our stock price has been and may continue to be volatile and may fluctuate significantly, which may adversely impact investor confidence and results and increase the likelihood of securities class action litigation.
• The Company has no history of paying dividends on its common stock, and we do not anticipate paying dividends in the foreseeable future.
• Terms of subsequent financings may adversely impact holders of our securities.