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Westwater Resources (WWR)

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
Subsidiaries
URI Neutron Holdings • Anatolia Energy Limited • Anatolia Uranium (BVI) Ltd • Anatolia Uranium Pty Ltd • Adur Madencilik Ltd • Lithium Holdings • Alabama Graphite Corp. • Alabama Graphite Company, Inc. ...
IRS number
752212772

WWR stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

10 Aug 22
18 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 109.04M 109.04M 109.04M 109.04M 109.04M 109.04M
Cash burn (monthly) 2.32M 841.67K 1.08M 1.11M 1.07M 1.14M
Cash used (since last report) 3.82M 1.39M 1.78M 1.83M 1.76M 1.88M
Cash remaining 105.22M 107.65M 107.26M 107.21M 107.27M 107.16M
Runway (months of cash) 45.4 127.9 99.1 96.5 100.3 93.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 May 22 Deborah A Peacock Common Stock Buy Acquire P No No 1.13 25,000 28.25K 249,620
20 May 22 Deborah A Peacock Common Stock Buy Acquire P No No 1.14 25,000 28.5K 224,620
20 May 22 Deborah A Peacock Common Stock Buy Acquire P No No 1.16 25,000 29K 199,620
20 May 22 Deborah A Peacock Common Stock Buy Acquire P No No 1.18 25,000 29.5K 174,620
20 May 22 Deborah A Peacock Common Stock Buy Acquire P No No 1.2 25,000 30K 149,620
20 May 22 Deborah A Peacock Common Stock Buy Acquire P No No 1.26 25,000 31.5K 124,620
19 May 22 John W Lawrence Common Stock Buy Acquire P Yes No 1.15 500 575 107,258
19 May 22 Cryan Terence James Common Stock Buy Acquire P No No 1.1765 5,000 5.88K 176,476
18 May 22 Chad M. Potter Common Stock Buy Acquire P No No 1.15 1,791 2.06K 154,180
18 May 22 Chad M. Potter Common Stock Buy Acquire P No No 1.16 6,767 7.85K 152,389
11.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 47 43 +9.3%
Opened positions 12 10 +20.0%
Closed positions 8 7 +14.3%
Increased positions 20 10 +100.0%
Reduced positions 7 12 -41.7%
13F shares Current Prev Q Change
Total value 11.07M 10.48M +5.6%
Total shares 5.54M 4.87M +13.7%
Total puts 92.1K 146.3K -37.0%
Total calls 67.3K 104K -35.3%
Total put/call ratio 1.4 1.4 -2.7%
Largest owners Shares Value Change
Vanguard 908.71K $1.82M -38.3%
Renaissance Technologies 566.3K $1.13M -45.8%
Susquehanna International 538.64K $1.08M +235.9%
Two Sigma Investments 535.05K $1.07M +43.0%
BLK Blackrock 475.25K $950K -0.6%
Two Sigma Advisers 467K $934K +160.3%
Geode Capital Management 353.81K $707K +54.2%
Citadel Advisors 201.22K $402K +204.0%
Maven Securities 200K $400K NEW
Simplex Trading 142.21K $284K +3214.1%
Largest transactions Shares Bought/sold Change
Vanguard 908.71K -564.32K -38.3%
Renaissance Technologies 566.3K -478.27K -45.8%
Susquehanna International 538.64K +378.29K +235.9%
Two Sigma Advisers 467K +287.6K +160.3%
Maven Securities 200K +200K NEW
Two Sigma Investments 535.05K +160.78K +43.0%
Simplex Trading 142.21K +137.92K +3214.1%
Citadel Advisors 201.22K +135.02K +204.0%
Geode Capital Management 353.81K +124.3K +54.2%
C Citigroup 115.81K +115.81K NEW

Financial report summary

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Competition
Birmingham
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.
Management Discussion
  • Our net loss for the three months ended June 30, 2022, was $3.2 million, or $0.07 per share, as compared with a net loss of $3.5 million, or $0.11 per share for the same period in 2021. The $0.3 million decrease in our net loss was due primarily to lower product development and exploration costs; offset partially by no unrealized gain on equity securities, which were sold in the fourth quarter of 2021 and increases in general and administrative expenses.
  • Our net loss for the six months ended June 30, 2022, was $6.0 million, or $0.14 per share, as compared with a net loss of $8.9 million, or $0.29 per share for the same period in 2021. The $2.9 million decrease in our net loss was due primarily to decreases in product development expenses, arbitration costs, and exploration expenses; offset partially by no
  • unrealized gain on equity securities, which were sold in the fourth quarter of 2021 and increases in general and administrative expenses.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: assist, Award, Employment, groundbreaking, Guide, Inducement, Jeffrey, life, Manual, mobilization, monitor, recruiting, resource, strategy, target, targeting, thoughtful, timeline, underground, Vice, Vigil
Removed: application, consulting, DFS, knowledge, marketing, release, work