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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

15 Feb 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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) 50.33M 50.33M 50.33M 50.33M 50.33M 50.33M
Cash burn (monthly) (positive/no burn) (positive/no burn) 2.33M 1.34M 1.68M 1.27M
Cash used (since last report) n/a n/a 7.99M 4.61M 5.78M 4.35M
Cash remaining n/a n/a 42.33M 45.71M 44.54M 45.98M
Runway (months of cash) n/a n/a 18.2 34.0 26.5 36.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Jan 21 Vigil Jeffrey L. Common Stock Payment of exercise Dispose F No No 6.94 3,928 27.26K 15,549
28 Jan 21 Vigil Jeffrey L. Common Stock Option exercise Aquire M No No 0 3,820 0 19,477
28 Jan 21 Vigil Jeffrey L. Common Stock Grant Aquire A No No 0 3,820 0 15,657
28 Jan 21 Vigil Jeffrey L. RSU Common Stock Option exercise Dispose M No No 0 3,820 0 7,640
28 Jan 21 McCoig Dain A Common Stock Payment of exercise Dispose F No No 6.94 3,113 21.6K 14,611
28 Jan 21 McCoig Dain A Common Stock Option exercise Aquire M No No 0 3,499 0 17,724
28 Jan 21 McCoig Dain A Common Stock Grant Aquire A No No 0 3,499 0 14,225
28 Jan 21 McCoig Dain A RSU Common Stock Option exercise Dispose M No No 0 3,499 0 6,999
28 Jan 21 Jones Christopher Murrel Common Stock Payment of exercise Dispose F No No 6.94 10,753 74.63K 42,581
28 Jan 21 Jones Christopher Murrel Common Stock Option exercise Aquire M No No 0 10,455 0 53,334

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

5.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 33 12 +175.0%
Opened positions 22 4 +450.0%
Closed positions 1 1
Increased positions 7 3 +133.3%
Reduced positions 0 1 EXIT
13F shares
Current Prev Q Change
Total value 16.09M 114K +14013.2%
Total shares 1.63M 45.37K +3502.3%
Total puts 664.9K 0 NEW
Total calls 554K 0 NEW
Total put/call ratio 1.2
Largest owners
Shares Value Change
Susquehanna International 361.73K $1.78M NEW
Vanguard 248.56K $1.23M NEW
BLK Blackrock 205.58K $1.01M +710.9%
Group One Trading 178.44K $880K NEW
Susquehanna Fundamental Investments 114.1K $563K NEW
Geode Capital Management 106.93K $527K NEW
Raymond James & Associates 53K $261K NEW
UBS UBS Group AG - Registered Shares 38.48K $190K +8470.4%
Jane Street 37.94K $187K NEW
MS Morgan Stanley 36.04K $178K +150.3%
Largest transactions
Shares Bought/sold Change
Susquehanna International 361.73K +361.73K NEW
Vanguard 248.56K +248.56K NEW
BLK Blackrock 205.58K +180.22K +710.9%
Group One Trading 178.44K +178.44K NEW
Susquehanna Fundamental Investments 114.1K +114.1K NEW
Geode Capital Management 106.93K +106.93K NEW
Raymond James & Associates 53K +53K NEW
UBS UBS Group AG - Registered Shares 38.48K +38.03K +8470.4%
Jane Street 37.94K +37.94K NEW
VIRT Virtu Financial 34.96K +34.96K NEW

Financial report summary

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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 years ended December 31, 2020 and 2019 was $23.6 million and $10.6 million or $2.68 and $5.39 per share, respectively. The principal components of these year-over-year changes are as follows:
  • Mineral property expenses for the year ended December 31, 2020 were $2.6 million, as compared with $2.7 million for the year ended December 31, 2019.
  • For the year ended December 31, 2020, total mineral property expenses decreased by $0.1 million as compared with 2019. The majority of mineral property expenses for both years was attributable to the Company’s discontinued operations, primarily the uranium business segment that was sold to enCore at the end of 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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