Docoh
Loading...

WWR Westwater Resources

Westwater Resources is focused on developing battery-grade graphite to serve green energy markets such as electric vehicles and grid electrical storage for renewable energy, in addition to alkaline power cell and other battery markets. The Company's battery-grade graphite projects include the Coosa Graphite Project - the most advanced, natural flake graphite project in the contiguous United States - and the associated Coosa Graphite Mine located across 41,900 acres (~17,000 hectares) in east-central Alabama. Operation of the pilot plant is underway and is scheduled to produce ULTRA-PMGTM, ULTRA-DEXDGTM and ULTRA-CSPGTM in quantities that facilitate qualification testing at potential customers.

Company profile

Ticker
WWR
Exchange
CEO
Christopher Jones
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
URANIUM RESOURCES INC /DE/
SEC CIK
IRS number
752212772

WWR stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 May 21
27 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 117.86M 117.86M 117.86M 117.86M 117.86M 117.86M
Cash burn (monthly) (positive/no burn) (positive/no burn) 1.8M 1.52M 1.62M 1.38M
Cash used (since last report) n/a n/a 6.98M 5.89M 6.28M 5.36M
Cash remaining n/a n/a 110.89M 111.97M 111.58M 112.5M
Runway (months of cash) n/a n/a 61.7 73.7 69.0 81.4

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
7 Jul 21 Deborah A Peacock Common Stock Buy Aquire P No No 4.6 5,400 24.84K 10,400
29 Jun 21 Deborah A Peacock Common Stock Buy Aquire P No No 5 5,000 25K 5,000
21 May 21 Jones Christopher Murrel Common Stock Grant Aquire A No No 0 21,266 0 65,509
21 May 21 Jones Christopher Murrel RSU Common Stock Grant Aquire A No No 0 21,266 0 21,266
21 May 21 McCoig Dain A Common Stock Grant Aquire A No No 0 5,804 0 20,606
21 May 21 McCoig Dain A RSU Common Stock Grant Aquire A No No 0 5,804 0 5,804
21 May 21 Vigil Jeffrey L. Common Stock Grant Aquire A No No 0 10,556 0 28,153
21 May 21 Vigil Jeffrey L. RSU Common Stock Grant Aquire A No No 0 10,556 0 10,556

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

11.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 50 33 +51.5%
Opened positions 24 22 +9.1%
Closed positions 7 1 +600.0%
Increased positions 16 7 +128.6%
Reduced positions 7 0 NEW
13F shares
Current Prev Q Change
Total value 20.62M 8.21M +151.2%
Total shares 3.84M 1.63M +134.9%
Total puts 1.38M 664.9K +107.9%
Total calls 1.03M 554K +85.7%
Total put/call ratio 1.3 1.2 +11.9%
Largest owners
Shares Value Change
Vanguard 1.31M $7.02M +425.8%
Susquehanna International 787.76K $4.23M +117.8%
MS Morgan Stanley 228.36K $1.23M +533.6%
Geode Capital Management 177.36K $952K +65.9%
JPM JPMorgan Chase & Co. 157.87K $848K +498.0%
Engineers Gate Manager 124.84K $670K NEW
Citadel Advisors 101.19K $544K NEW
BMO Bank of Montreal 78K $422K +1950000.0%
Jane Street 76.02K $408K +100.4%
UBS UBS Group AG - Registered Shares 72.27K $388K +87.8%
Largest transactions
Shares Bought/sold Change
Vanguard 1.31M +1.06M +425.8%
Susquehanna International 787.76K +426.04K +117.8%
MS Morgan Stanley 228.36K +192.32K +533.6%
Group One Trading 2.74K -175.7K -98.5%
BLK Blackrock 64.43K -141.15K -68.7%
JPM JPMorgan Chase & Co. 157.87K +131.47K +498.0%
Engineers Gate Manager 124.84K +124.84K NEW
Citadel Advisors 101.19K +101.19K NEW
Susquehanna Fundamental Investments 29.9K -84.2K -73.8%
BMO Bank of Montreal 78K +78K +1950000.0%

Financial report summary

?
Competition
Birmingham
Risks
  • We face a variety of risks related to our proposed battery-graphite manufacturing business.
  • The construction and operation of pilot program facilities and commercial production facilities in Alabama or other manufacturing facilities are subject to regulatory approvals and may be subject to delays, cost overruns or may not produce expected benefits.
  • WWR 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 each 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.
  • Our patents and other protective measures may not adequately protect our proprietary intellectual property, and we may be infringing on the rights of others.
  • Pandemics, epidemics or disease outbreaks, such as the novel coronavirus (COVID-19 virus), may disrupt our business, supply chains and the business of our business partners, which could materially affect our operations, liquidity and results of operations.
  • 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.
  • We may not realize the full anticipated benefits of the sale of our uranium assets to enCore Energy Corp.
  • 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 Project.
  • 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.
  • Closure and remediation costs for environmental liabilities may exceed the provisions we have made.
  • Reserve and other mineralized material calculations are estimates only, and are subject to uncertainty due to factors including the prices of graphite and vanadium inherent variability of the ore and recoverability of graphite and vanadium in the recovery process.
  • Title to the Coosa Project may be subject to defects in title or other claims, which could affect our property rights and claims.
  • 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.
  • Shareholders would be diluted if we use common stock to raise capital, and the perception that such sales may occur, could cause the price of our common stock to fall.
Management Discussion
  • Our consolidated net loss for the three months ended March 31, 2021 was $5.4 million, or $0.190 per share, as compared with a consolidated net loss of $3.3 million, or $0.82 per share for the same period in 2020. The $2.1 million increase in our consolidated net loss from the respective prior period in 2020 was primarily due to an increase in product development costs, arbitration costs and general and administrative costs, offset by the elimination of costs from discontinued operations.
  • For the three month period ended March 31, 2021, $1.8 million was spent on product development. Of that, approximately $1.2 million was related to our graphite processing pilot program with the remaining attributable to product testing, other lab work, shipping, travel, and other auxiliary costs associated with the Coosa Project.
  • During the first quarter of 2021, Westwater incurred arbitration related legal and expert consulting costs of $1.5 million. This represents an increase of 114% or $0.8 million in costs associated with the Request for Arbitration against The Republic of Turkey since December 31, 2020. For further reference, see discussion above in the Recent Developments section of this Part I, Item 2 and in Part II, Item 1 below.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: adjusted, alternative, Amberg, ascertain, auxiliary, aware, bench, Buffalo, buy, Cebolleta, character, Chicago, copy, core, database, degree, demonstrated, DFS, edge, engineering, escrow, escrowed, examining, Feasibility, feedstock, foreseeable, forgoing, formula, found, Frankfurt, geology, growth, hosted, indemnification, indemnity, infrastructure, Juan, kickoff, knowledge, lab, lack, manner, Master, metallurgy, nil, notice, notification, NPI, NSR, NYSE, officially, packaged, partnership, precedent, precursor, Proxy, rebuild, reclassification, released, reopened, reply, research, resilient, resolution, Samuel, shipped, shipping, Side, single, smelter, store, study, surety, Tafoya, ticker, undertook, voluntarily, week, widespread, withdraw, York
Removed: Aid, allocated, Amendment, August, borrower, breakdown, charge, Churchrock, closure, collateralized, column, Commerce, conducted, corporation, county, Crownpoint, Dakota, decrease, decreased, Defense, deferral, delivering, Department, direct, directed, downturn, Duval, eliminated, exceed, exercised, factor, favor, forgivable, Framework, furloughed, gain, geographical, group, holding, HRI, Hydro, identified, idled, initially, installment, Interior, interruption, Kingsville, Lake, Laramide, long, marketing, modifying, monthly, mortgage, national, ownership, partially, pause, payable, payroll, performing, plugging, policy, portion, pound, Preferred, presented, principal, promissory, pronouncement, qualifying, quantitative, receivable, recovery, registering, Relief, removing, rent, resale, reserve, restart, restore, revenue, review, reviewed, Rosita, Russia, Salt, satisfy, sector, secured, segment, selling, serve, setting, shut, standby, streamline, successfully, supplying, surface, technology, tranche, treatment, Trump, unforgiven, unit, URC, USA, Vasquez, vehicle, weather, Wyoming