As filed with the Securities and Exchange Commission on November 20, 2017June 25, 2021

Registration No. 333-            


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM S-3

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933


WESTWATER RESOURCES, INC.

(Exact name of registrant as specified in its charter)


Delaware

 

75-2212772

 (State(State or other jurisdiction of

incorporation or organization)

 

 (I.R.S.(I.R.S. Employer

Identification Number)


6950 South Potomac Street, Suite 300

Centennial, Colorado 80112

(303) 531-0518531-0516

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)


Jeffrey L. Vigil

Vice President—Finance and Chief Financial Officer

Westwater Resources, Inc.

6950 South Potomac Street, Suite 300

Centennial, Colorado 80112

(303) 531-0518531-0516

(Name, address, including zip code, and telephone number, including area code, of agent for service)


Copies to:

Paul Hilton, Esq.

David R. Crandall, Esq.

Hogan Lovells US LLP

1601 Wewatta St. #900Street, Suite 900

Denver, Colorado 80202

Telephone: (303) 899-7300

Facsimile: (303) 899-7333


Approximate date of commencement of proposed sale to the public:  From time to time after the effective date of this registration statement.


If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box:  o





If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box:  x


If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  o


If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  o


If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.  o


If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box.  o


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company, or an emerging growth company. See the definitions of large accelerated filer,accelerated“accelerated filer, “smaller reporting company” and smaller reporting company“emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filero

Accelerated filero

Non-accelerated filerxo

(Do not check if a smaller reporting company)

Smaller reporting companyx

Emerging growth companyo


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 9(a)7(a)(2)(B) of the Securities Act.o


CALCULATION OF REGISTRATION FEE

 

 

 

 

 

 

 

 

 

 

 

 

 

Title of each class of
securities to be registered

Amount to be registered(1)

Proposed maximum offering price per unit(2)

Proposed maximum aggregate offering price (2)

Amount of registration fee

 

Amount to be
Registered(1)

 

Proposed maximum
offering price per
unit(1)(2)

 

Proposed maximum
aggregate offering
price(1)(2)

 

Amount of
registration fee

Common Stock, par value $0.001 per share

100,000

$0.9350

$93,500

$11.65

 

 

 

 

 

 

 

 

Debt Securities

 

 

 

 

 

 

 

 

Warrants

 

 

 

 

 

 

 

 

Units

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

$150,000,000

 

$16,365.00


(1)This registration statement also relatescovers up to such additional shares$150,000,000 of common stockan indeterminate principal amount or number of the registrantsecurities of each identified class of securities. If any debt securities are issued at an original issue discount, then the offering price shall be in such greater principal amount as may be issued with respectshall result in an aggregate initial offering price not to such shares of common stock by way of a stock dividend, stock split or similar transaction.


(2)  Estimated solely for the purpose of calculating the registration fee pursuantexceed $150,000,000. Pursuant to Rule 457(c)416 under the Securities Act of 1933, as amended (the “Securities Act”), basedthe securities being registered hereunder include such indeterminate (A) number of securities as may be issuable with respect to the securities being registered hereunder as a result of stock splits, stock dividends or similar transactions, (B) amount of debt securities as may be sold from time to time at indeterminate prices by the registrant and (C) number or amount of such securities as may be issued upon conversion, redemption, repurchase, exchange or exercise of any securities registered hereunder, including under any applicable anti-dilution adjustment.  

(2)The proposed maximum aggregate offering price per unit and the average high and lowaggregate offering prices per share pricesclass of securities will be determined from time to time by the registrant in connection with the issuance by the registrant of the registrant’s common stocksecurities registered hereunder and is not specified as reported onto each class of security pursuant to General Instruction II.D. of Form S-3 under the Nasdaq Capital Market on November 17, 2017.


Securities Act.  

The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.








The information in this prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state or jurisdiction where the offer or sale is not permitted.

SUBJECT TO COMPLETION, DATED NOVEMBER 20, 2017June 25, 2021


PROSPECTUS


Picture 1

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$150,000,000

100,000 Shares of Common Stock
Debt Securities
Warrants
Units

This prospectus relates to the resale_____________________

We may offer and sell from time to time of up to an aggregate$150,000,000 of 100,000 sharesany combination of ourthe securities described in this prospectus, in one or more classes or series and in amounts, at prices and on terms that we will determine at the times of the offerings. We may also offer common stock byupon conversion of debt securities or upon the selling stockholder named herein, which shares were issued byexercise of warrants.

We may sell the Companysecurities directly to you, through agents we select, or through underwriters and dealers we select, on a continuous or delayed basis. If we use agents, underwriters or dealers to sell the securities, we will name them and describe their compensation in a prospectus supplement. The price to the selling stockholderpublic of such securities and the net proceeds we expect to receive from such sale will also be set forth in a private placement on October 19, 2017.prospectus supplement.

AllThis prospectus describes some of the proceeds fromgeneral terms that may apply to these securities and the salegeneral manner in which they may be offered. Each time we sell securities we will provide a prospectus supplement that will contain specific information about the terms of the shares covered bysecurities we are offering and the specific manner in which we will offer the securities. The prospectus supplement may add to, update or change the information in this prospectus. You should read this prospectus willand any prospectus supplement carefully before you invest in our securities. This prospectus may not be receivedused to sell securities unless accompanied by the selling stockholder. We will not receive any of the proceeds from the sale of those shares. Our registration of the common stock covered by thisa prospectus does not mean that the selling stockholder will offer or sell any of the common stock. The shares may be offered and sold from time to time by the selling stockholder named herein through public or private transactions at fixed prices, at prevailing market prices at the time of sale, at prices related to the prevailing market price, at varying prices determined at the time of sale, or at negotiated prices. See “Plan of Distribution” for a more complete description of the ways in which the common stock may be sold.supplement.

Our common stock is currently tradedlisted on the Nasdaq Capital MarketNYSE American Stock Exchange (“NYSE American”) under the symbol “WWR”.“WWR.” On November 17, 2017,June 23, 2021, the last reported sale price of our common stock on the Nasdaq Capital MarketNYSE American was $0.96$5.34 per share. If we decide to list or seek a listing for any other securities, the related prospectus supplement will disclose the exchange or market on which the securities will be listed or where we have made an application for listing, as applicable.

_____________________

Investing in our securities involves a high degree of risk. You should read “Risk Factors” beginning on page 31 of this prospectus and the reports we file with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, incorporated by reference in this prospectus, to read about factors to consider before purchasing our securities.

_____________________

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

_____________________

The date of this prospectus is          , 2017








2021






TABLE OF CONTENTS


ABOUT THIS PROSPECTUSii

ii

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

ii

PROSPECTUS SUMMARY

1

RISK FACTORS

3

USE OF PROCEEDS

5

PRICE RANGE OF COMMON STOCK AND DIVIDEND POLICY

5

SELLING STOCKHOLDER

5

PLAN OF DISTRIBUTION

7

DESCRIPTION OF COMMON STOCK

9

LEGAL MATTERS

10

EXPERTS

10

WHERE YOU CAN FIND MORE INFORMATIONii

11

INFORMATION INCORPORATED BY REFERENCEii

11CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSiii


RISK FACTORS1

ABOUT WESTWATER RESOURCES, INC.1


USE OF PROCEEDS1

DILUTION1

DESCRIPTION OF SECURITIES2

PLAN OF DISTRIBUTION8

LEGAL MATTERS10

EXPERTS10

_____________________

We have not authorized anyone to provide you with information different from that contained or incorporated by reference in this prospectus or any accompanying prospectus supplement or free writing prospectus, and we take no responsibility for any other information that others may give you. If anyone provides you with additional, different or inconsistent information, you should not rely on it. This prospectus is not an offer to sell, nor is it a solicitation of an offer to buy, the securities in any jurisdiction where the offer or sale is not permitted. You should not assume that the information contained in this prospectus or any prospectus supplement or free writing prospectus is accurate as of any date other than the date on the front cover of this prospectus or any such prospectus supplement,those documents, or that the information contained in any document incorporated by reference is accurate as of any date other than the date of the document incorporated by reference, regardless of the time of delivery of this prospectus or any sale of a security. Our business, financial condition, results of operations and prospects may have changed since those dates.

As permitted by the rules and regulations of the Securities and Exchange Commission (the “SEC”), the registration statement of which this prospectus forms a part includes additional information not contained in this prospectus. You may read the registration statement and the other reports we file with the SEC at the SEC’s web sitewebsite or at the SEC’s offices described below under the heading “Where You Can Find More Information.” Before investing in our common stock,securities, you should read this prospectus and any accompanying prospectus supplement or free writing prospectus, as well as the additional information described under “Where You Can Find More Information” and “Information Incorporated by Reference.”

References to the “Company,” “Westwater,” “WWR,” “we,” “our” and “us” in this prospectus are to Westwater Resources, Inc. and its consolidated subsidiaries, unless the context otherwise requires. This document includes trade names and trademarks of other companies. All such trade names and trademarks appearing in this document are the property of their respective holders.

_____________________




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ABOUT THIS PROSPECTUS

This prospectus is part of a registration statement that we filed with the SEC usingutilizing a “shelf” registration process or continuousshelf registration process. Under thisthe shelf registration process, the selling stockholderwe may offer, from time to time, sell the common stocksecurities or combinations of the securities described in this prospectus with a total offering price of up to $150,000,000 in one or more offerings. offerings at prices and on terms to be determined by market conditions at the time of each offering. Unless otherwise indicated, “common stock” means our common stock, par value $0.001 per share.

This prospectus provides you with a general description of the common stock whichsecurities we may be offered by the selling stockholder.offer. Each time the selling stockholder sells common stock, the selling stockholder may be required towe offer a type or series of securities, we will provide you with this prospectus and, in certain cases, a prospectus supplement containingor free writing prospectus that will contain specific information about the selling stockholder and the terms of the securities being offered. Thatoffering.

A prospectus supplement or free writing prospectus may include additional risk factorsa discussion of risks or other special considerations applicable to thoseus or the offered securities. AnyA prospectus supplement or free writing prospectus may also add, update or change information contained in this prospectus. If there is any inconsistency between the information in this prospectus and any related prospectus supplement or free writing prospectus, you shouldmust rely on the information in thatthe prospectus supplement. You shouldsupplement or free writing prospectus. Please carefully read both this prospectus and anythe related prospectus supplement or free writing prospectus in their entirety together with additional information described under the heading “Where You Can Find More Information” in this prospectus. This prospectus may not be used to offer or sell any securities unless accompanied by a prospectus supplement or free writing prospectus.

WHERE YOU CAN FIND MORE INFORMATION

This prospectus forms part of a registration statement on Form S-3 filed by us with the SEC under the Securities Act. As permitted by the SEC, this prospectus does not contain all the information set forth in the registration statement filed with the SEC. For a more complete understanding of this offering, you should refer to the complete registration statement, including the exhibits thereto, on Form S-3 that may be obtained as described below. Statements contained or incorporated by reference in this prospectus or any prospectus supplement about the contents of any contract or other document are not necessarily complete. If we have filed any contract or other document as an exhibit to the registration statement or any other document incorporated by reference in the registration statement of which this prospectus forms a part, you should read the exhibit for a more complete understanding of the document or matter involved. Each statement regarding a contract or other document is qualified in its entirety by reference to the actual document.

We file annual, quarterly and “Information Incorporatedspecial reports, proxy statements and other information with the SEC. Our SEC filings are available to the public from commercial retrieval services and at the website maintained by Reference” before investingthe SEC at www.sec.gov. The reports and other information filed by us with the SEC are also available at our website. The address of the Company’s website is www.westwaterresources.net. Information contained on our website or that can be accessed through our website is not incorporated by reference into this prospectus.

INFORMATION INCORPORATED BY REFERENCE

The SEC allows us to incorporate information into this prospectus “by reference,” which means that we can disclose important information to you by referring you to another document that we file separately with the SEC. The information incorporated by reference is deemed to be part of this prospectus, except for any information superseded by information contained directly in this prospectus. These documents contain important information about the Company and its financial condition, business and results.

We are incorporating by reference the Company’s filings listed below and any additional documents that we may file with the SEC pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) on or after the date hereof and prior to the termination of any offering, except we are not incorporating by reference any information furnished (but not filed) for purposes of the Exchange Act:


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·our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the SEC on February 16, 2021;

·our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2021, filed with the SEC on May 12, 2021; 

·our Current Reports on Form 8-K filed with the SEC on February 8, 2021, March 8, 2021, May 10, 2021, May 12, 2021 and May 21, 2021; and 

·the description of our common stock contained in our common stock.Form 8-A filed on March 8, 2021, including any amendments or reports filed for the purpose of updating the description.

We will provide, without charge, to each person, including any beneficial owner, to whom a copy of this prospectus has been delivered a copy of any and all of the documents referred to herein that are summarized in this prospectus, if such person makes a written or oral request directed to:

Westwater Resources, Inc.

6950 South Potomac Street, Suite 300

Centennial, Colorado 80112

Attn: Corporate Secretary

(303) 531-0516

DISCLOSURECAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This prospectus, any accompanying prospectus supplement or free writing prospectus, and the documents we have incorporated by reference contain forward-looking statements within the meaning of the federal securities laws.laws that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained herein. Forward-looking statements convey our current expectations or forecasts of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are generally identifiable by use of the words “may,“estimate,“could,” “should,” “would,“project,” “believe,” “estimate,“intend,“expect,“plan,” “anticipate,” “plan,” “forecast,” “potential,” “intend,” “continue,” “project”“expect” and similar expressions. Such forward-looking statements include, without limitation, statements regarding the adequacy of funding, liquidity, the timing or occurrence of any future drilling or production from the Company’s properties, the timing or establishment of lithium resources, the ability of the Company to acquire additional properties or partner with other companies, the construction of pilot plant facilities and construction of commercial production facilities, the realization of expected benefits from recent business combinations and the Company’s anticipated cash burn rate and capital requirements. You are cautioned not to place undue reliance on forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Actual results could differ materially from those in forward-looking statements because of, among other reasons, the factors described below and in the periodic reports that we file with the SEC from time to time, including Forms 10-K, 10-Q and 8-K and any amendments thereto. The forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks.

Key factors that could cause actual results to be different than expected or anticipated include, but are not limited to:

·

the availability of capital to WWR;

·

the spot price and long-term contract price of uraniumgraphite (both flake graphite feedstock and lithium;purified graphite products) and vanadium, and the world-wide supply and demand of graphite and vanadium; 

·

risks associated with our foreign operations;

·

the ability of WWR to enter into and successfully close acquisitions, dispositions or other material transactions;



ii



·

government regulation of the mining industry and the nuclear power industry in the United StatesStates; 

·risks associated with our operations and the Republicoperations of Turkey;our partners, including the impact of COVID-19; 


iii



·

operating conditions at our mining projects;and processing projects in the United States; 

·

the world-wide supply and demand of uranium and lithium;

·

weather conditions;

·

unanticipated geological, processing, regulatory and legal or other problems we may encounter;

·the results of our exploration activities, and the possibility that future exploration results may be materially less promising than initial exploration results; 

·any graphite or vanadium discoveries not being in high enough concentration to make it economic to extract the metals; 

·our ability to finance growth plans; 

·currently pending or new litigation;litigation or arbitration;  

·

our ability to maintain and timely receive mining and other permits from regulatory agencies; and 

·

our ability to remain listed on the Nasdaq Capital Market; and

·

the risks set forth herein under the caption “Risk Factors.”Factors” herein, in our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, if any, and our other filings with the SEC. 

In light of these risks, uncertainties and assumptions, you are cautioned not to place undue reliance on forward-looking statements, which are inherently unreliable and speak only as of the date of this prospectus, any accompanying prospectus supplement or as of the date offree writing prospectus, or any document incorporated by reference in this prospectus. When considering forward-looking statements, you should keep in mind the cautionary statements in this prospectus, any accompanying prospectus supplement or free writing prospectus, and the documents incorporated by reference.reference in this prospectus. We are not under any obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in or incorporated by reference in this prospectus or any accompanying prospectus supplement or free writing prospectus might not occur.


iv



RISK FACTORS




iii




PROSPECTUS SUMMARY

This summary highlights selected information about Westwater Resources, Inc. and this offeringAn investment in our securities involves a high degree of common stock. This summary does not containrisk. In addition to all of the other information contained or incorporated by reference into this prospectus and the accompanying prospectus supplement, you should carefully consider the risk factors incorporated by reference from our Annual Report on Form 10-K for the year ended December 31, 2020, and the risk factors contained or incorporated by reference into the accompanying prospectus supplement before acquiring any of the securities. The risks described in these documents are not the only ones we face, but those that we consider to be material. There may be important to you in making an investment decision. For a more complete understandingother unknown or unpredictable economic, business, competitive, regulatory or other factors that could have material adverse effects on our future results. If any of Westwater Resources, Inc. you should read carefully this entire prospectus, includingthese risks actually occur, our business, financial condition or results of operations could be harmed. This could cause the “Risk Factors” section and the other documents we refer to and incorporate by reference. Unless otherwise indicated, “common stock” meanstrading price of our common stock par value $0.001 per share.to decline, resulting in a loss of all or part of your investment. Please also read carefully the section titled “Cautionary Note Regarding Forward-Looking Statements.”

Westwater Resources OverviewABOUT WESTWATER RESOURCES, INC.

Westwater Resources, Inc. (“WWR”,is a 44-year-old public company trading on the “Company” or “we”NYSE American Stock Exchange (“NYSE American”) isfocused on battery graphite development under the symbol “WWR.” Originally incorporated in 1977 as Uranium Resources, Inc. to mine uranium in Texas, our company has been reborn as an energy metals exploration and development company.  The Companymaterials developer. Westwater is focused on expandingbattery-grade graphite materials after its energy metals strategy, which includes developingacquisition of Alabama Graphite Corp. and its lithium business while maintaining optionality onCoosa Graphite Project (“Coosa Project”) in Alabama in April 2018. Westwater recently discovered vanadium concentrations at the future rising uranium price with is significant uranium property holdings inCoosa Project and has developed an exploration plan to further investigate the Republicsize and extent of Turkey, Texas and New Mexico. Incorporated in 1977, WWR also owns an extensive information database of historic drill-hole logs, assay certificates, maps and technical reports for uranium properties located in the western United States.those concentrations.

WWR established its lithium business in 2016 and currently controls mineral rights encompassing approximately 36,730 acres across three prospective lithium brine basins in Nevada and Utah.  WWR is conducting exploration and geological evaluation of these properties in 2017 and 2018 for potential development of any lithium resources that may be discovered there.

The focus of WWR’s uranium business continues to be on advancing the Temrezli in-situ recovery (“ISR”) uranium project in central Turkey when uranium prices permit economic development of this project. WWR controls extensive exploration properties in Turkey under eight exploration and operating licenses covering approximately 39,000 acres.  In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres of prospective ISR uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 186,000 acres in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world.

The Company’sOur principal executive offices are located at 6950 South Potomac Street, Suite 300, Centennial, COColorado 80112, and our telephone number is (303) 531-0518.531-0516. Our website is located atwww.westwaterresources.net. Information contained on our website or that can be accessed through our website is not incorporated by reference into this prospectus.

For additional information as to our business, properties and financial condition, please refer to the documents cited in “Where You Can Find More Information.”



USE OF PROCEEDS

1Unless we specify otherwise in a prospectus supplement, we intend to use the net proceeds from our sale of the securities under this prospectus for general corporate purposes, which may include advancing our graphite business, making additions to our working capital, funding future acquisitions, or for any other purpose we describe in the applicable prospectus supplement.


DILUTION

We will set forth in a prospectus supplement and/or free writing prospectus the following information, as required, regarding any dilution of the equity interests of investors purchasing securities in an offering under this prospectus:

·the net tangible book value per share of our equity securities before and after the offering;  

·the amount of the change in such net tangible book value per share attributable to the cash payments made by purchasers in the offering; and  

·the amount of the immediate dilution from the public offering price which will be absorbed by such purchasers.




The OfferingDESCRIPTION OF SECURITIES

Common Stock

The following summary is provided solely for your convenience and is not intended to be complete. You should read the full text and more specific details contained elsewhere in this prospectus. For a more detailed description of our common stock see “Descriptionand the material provisions of Common Stock.”

Common Stock Offered by the Selling Stockholder

100,000 shares of common stock.

Outstanding Common Stock After This Offering

27,640,324 shares(1)

Use of Proceeds

The proceeds from the sale of the common stock covered by this prospectus will be received by the selling stockholder. The Company will not receive any of the proceeds from any sale by the selling stockholder of the common stock covered by this prospectus. See “Use of Proceeds.”

Plan of Distribution

The shares may be offered and sold from time to time by the selling stockholder named herein through public or private transactions at fixed prices, at prevailing market prices at the time of sale, at prices related to the prevailing market price, at varying prices determined at the time of sale, or at negotiated prices. See “Plan of Distribution.”

Nasdaq Capital Market Symbol

WWR

Risk Factors

Investing in our common stock involves a high degree of risk. You should carefully consider the risks described in the section entitled “Risk Factors,” as well as any other information in this prospectus, any prospectus supplement and any document incorporated herein by reference, before purchasing our common stock.

_____________________

(1)

The numberour restated certificate of shares of common stock to be outstanding after this offering is based on 27,640,324 shares of common stock outstanding as of November 17, 2017 and excludes293,991 shares issuable upon the exercise of stock options outstanding as of September 30, 2017, 273,373 shares issuable upon the vesting of restricted stock units outstanding as of September 30, 2017, and 183,333 shares underlying warrants issued in connection with our March 2015 registered direct offering.




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RISK FACTORS

An investment in our common stock involves a high degree of risk. Before making an investment decision, you should carefully consider the risks described below, as well as the risks described under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2016, in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2017 and in the other filings we make with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934,incorporation, as amended, which we have incorporated herein by reference. Our business, financial condition, results of operations and cash flows could be materially adversely affected by any of these risks,amended and restated bylaws is only a summary. You should refer to the market or trading priceterms of our common stock could decline due to any of these risks. In addition, please read “Disclosure Regarding Forward-Looking Statements” in this prospectus, where we describe additional uncertainties associated with our business and the forward-looking statements included or incorporated by reference in this prospectus. Please note that additional risks not presently known to us or that we currently deem immaterial may also impair our business and operations.

Risks Relating to Our Common Stock

The sale of our common stock to Aspire Capital may cause substantial dilution to our existing stockholders and the sale of the shares of common stock acquired by Aspire Capital could cause the price of our common stock to decline.

We have registered for sale $22 million shares of common stock and 880,000 commitment shares (the “Commitment Shares”) of common stock for sale by Aspire Capital under a common stock purchase agreement (“Aspire Agreement”) dated September 25, 2017. Upon execution of the Aspire Agreement, the Company issued the Commitment Shares to Aspire Capital as a commitment fee.  On September 27, 2017, the Company sold 1,428,571 shares of common stock to Aspire Capital for which the Company received proceeds of $2.0 million.  The number of shares ultimately offered for sale by Aspire Capital is dependent upon the number of shares we elect to sell to Aspire Capital under the Aspire Agreement. Depending upon market liquidity at the time, sales of shares of our common stock under the Aspire Agreement may cause the trading price of our common stock to decline.

Aspire Capital may ultimately purchase all, some or none of the remaining $20 million of common stock available under the Aspire Agreement. Aspire Capital may sell all, some or none of our shares that it holds or comes to hold under the Aspire Agreement. Sales by Aspire Capital of shares acquired pursuant to the Aspire Agreement may result in dilution to the interests of other holders of our common stock. The sale of a substantial number of shares of our common stock by Aspire Capital, or anticipation of such sales, could make it more difficult for us to sell equity or equity-related securities in the future at a time and at a price that we might otherwise wish to effect sales. However, we have the right to control the timing and amount of sales of our shares to Aspire Capital, and the Purchase Agreement may be terminated by us at any time at our discretion without any penalty or cost to us.

The sale of our common stock pursuant to a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. may cause substantial dilution to our existing stockholders and could cause the price of our common stock to decline.

We have registered for sale up to $30 million shares of common stock for sale by Cantor Fitzgerald & Co. (“Cantor”) under a Controlled Equity Offering Sales Agreement (“Cantor Agreement”) dated April 14, 2017. The number of shares ultimately offered for sale pursuant to the Cantor Agreement is dependent upon the number of shares we elect to sell. Depending upon market liquidity at the time, sales of shares of our common stock under the Cantor Agreement may cause the trading price of our common stock to decline.



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We may ultimately sell all, some or none of the $30 million of common stock available under the Cantor Agreement. Sales of such may result in dilution to the interests of other holders of our common stock. The sale of a substantial number of shares of our common stock pursuant to the Cantor Agreement could make it more difficult for us to sell equity or equity-related securities in the future at a time and at a price that we might otherwise wish to effect sales.

The availability for sale of a large amount of shares may depress the market price of WWR’s common stock.

As of November 17, 2017, approximately 27,640,324 shares of our common stock were outstanding, all of which are freely transferable. In addition, 293,991 shares were issuable upon the exercise of stock options outstanding as of September 30, 2017, 273,373 shares were issuable upon the vesting of restricted stock units outstanding as of September 30, 2017 and 183,333 shares underlie warrants issued in connection with our March 2015 registered direct offering. The availability for sale of a large amount of shares by any one or several stockholders may depress the market price of our common stock and impair our ability to raise additional capital through the public sale of our common stock. We have no arrangement with any of the holders of the foregoing shares to address the possible effect on the price of our common stock of the sale by them of their shares.

Terms of subsequent financings may adversely impact our stockholders.

In order to finance our future production plans and working capital needs, we may have to raise funds through the issuance of equity or debt securities. Depending on the type and the terms of any financing we pursue, stockholders’ rights and the value of their investmentcontained in our common stock could be reduced. A financing could involve one or more typesrestated certificate of securities including common stock, convertible debt or warrants to acquire common stock. These securities could be issued at or below the then prevailing market price for our common stock. We currently have no authorized preferred stock. In addition, if we issue secured debt securities, the holders of the debt would have a claim to our assets that would be prior to the rights of stockholders until the debt is paid. Interest on these debt securities would increase costs and negatively impact operating results. If the issuance of new securities results in diminished rights to holders of our common stock, the market price of our common stock could be negatively impacted.

The Company has no history of paying dividends on its common stock, and we do not anticipate paying dividends in the foreseeable future.

The Company has not previously paid dividends on its common stock. We currently anticipate that we will retain all of our available cash, if any, for use as working capital and for other general corporate purposes. Any payment of future dividends will be at the discretion of our Board of Directors and will depend upon, among other things, our earnings, financial condition, capital requirements, level of indebtedness, statutory and contractual restrictions applicable to the payment of dividends and other considerations that our Board of Directors deems relevant. In addition, the terms of our November 2013 loan agreement prohibit the Company from declaring or paying dividends on our common stock without the consent of RCF. Investors must rely on sales of their common stock after price appreciation, which may never occur, as the only way to realize a return on their investment.


4



USE OF PROCEEDS

The proceeds from the sale of the common stock covered by this prospectus will be received by the selling stockholder. We will not receive any proceeds from the sale by the selling stockholder of the shares of common stock offered by this prospectus.

PRICE RANGE OF COMMON STOCK AND DIVIDEND POLICY

Our common stock is traded on the Nasdaq Capital Market under the symbol “WWR”. The Company was previously listed on the Australian Stock Exchange (“ASX”) but removed itself from listing on the ASX on October 20, 2017. The last reported sale price of our common stock on November 17, 2017 on the Nasdaq Capital Market was $0.96 per share. The following table sets forth the high and low sale prices for our common stock for the periods indicated as reported on the Nasdaq Capital Market.

 

High

 

Low

Year Ended December 31, 2015:

 

 

 

First Quarter

 $23.76

 

$15.60

Second Quarter

 $19.20

 

$11.04

Third Quarter

 $16.08

 

$7.20

Fourth Quarter

 $10.20

 

$4.20

Year Ended December 31, 2016:

 

 

 

First Quarter

 $7.80

 

$2.10

Second Quarter

 $3.75

 

$1.39

Third Quarter

 $2.13

 

$1.25

Fourth Quarter

$1.75

 

$0.97

Year Ended December 31, 2017:

 

 

 

First Quarter

 $4.00

 

$1.35

Second Quarter

 $2.18

 

$1.30

Third Quarter

 $1.70

 

$1.25

Fourth Quarter (through November 17, 2017)

$1.42

 

$0.76


Following the close of trading on March 7, 2016, WWR effected a one-for-twelve reverse stock split of its issued and outstanding common stock. The common stock commenced trading on the Nasdaq Capital Market on a split-adjusted basis upon the open of trading on March 8, 2016. The high and low sale prices for our common stock presented in the foregoing table give effect to the reverse stock split.

We have never declared or paid any cash dividend on our common stock, nor do we currently intend to pay any cash dividend on our common stock in the foreseeable future. We expect to retain our earnings, if any, for the growth and development of our business.


SELLING STOCKHOLDER

On October 19, 2017, the Company issued 100,000 shares of its common stock to Mesa Exploration Corp. (“Mesa”) pursuant to the terms of a Purchase and Sale Agreement (the “Mesa Agreement”), dated September 21, 2016, between the Company and Mesa. The shares were issued as the remaining consideration under the Mesa Agreement.



5



The Mesa Agreement relates to certain placer mining claims comprising the Sal Rica project. The Sal Rica project is comprised of approximately 13,260 acres of placer mining claims covering a prospective target for lithium-enriched brines.  The target area is situated within a region of known brine-hosted lithium mineralization and is approximately 25 miles north of the town of Wendover, Utah.

The shares issued under the Mesa Agreement were issued pursuant to the exemption from registration set forth in Section 4(a)(2) of the Securities Act.

Shares Covered by this Prospectus

We are registering the shares to permit the selling stockholder and its pledgees, donees, transferees and other successors-in-interest that receive their shares from the selling stockholder as a gift, partnership distribution or other non-sale related transfer after the date of this prospectus to resell the shares when and as they deem appropriate.

The following table sets forth:

·

the name of the selling stockholder;

·

the number and percent of shares of our common stock that the selling stockholder beneficially own prior to the offering for resale of the shares under this prospectus;

·

the number of shares of our common stock that may be offered for resale for the account of the selling stockholder under this prospectus; and

·

the number and percent of shares of our common stock to be beneficially owned by the selling stockholder after the offering of the resale shares (assuming all of the offered resale shares are sold by the selling stockholder).


The number of shares in the column “Number of Shares Being Offered” represents all of the shares that the selling stockholder may offer under this prospectus. We do not know how long the selling stockholder will hold the shares before selling them or how many shares they will sell and we currently have no agreements, arrangements or understandings with the selling stockholder regarding the sale of any of the resale shares. The shares offered by this prospectus may be offered from time to time by the selling stockholder listed below.

This table is prepared solely based on information supplied to us by the listed selling stockholder, any Schedules 13D or 13G and Forms 3 and 4, and other public documents filed with the SEC, and assumes the sale of all of the resale shares. The applicable percentages of beneficial ownership are based on an aggregate of 27,640,324 shares of our common stock outstanding on November 17, 2017.

 

 

 

 

 

 

Stockholder

Shares Beneficially
Owned Prior to Offering

Number of Shares Being Offered

Shares Beneficially
Owned After Offering

Number

%

Number

%

Mesa Exploration Corp.

100,000

*

100,000

0

*

TOTAL

100,000

*

100,000

0

*

 

 

 

 

 

 

_____________________________

*Less than 1%



6



PLAN OF DISTRIBUTION

The selling stockholder, which term includes its transferees, pledgees or donees or their successors-in-interest, may sell the shares being offered from time to time in one or more transactions:


·

on the Nasdaq Capital Market or otherwise;

·

in ordinary brokers’ transactions, which may include long or short sales;

·

in transactions involving cross or block trades or otherwise in the over-the-counter market;

·

through broker-dealers, who may act as agents or principals;

·

in “at the market” offerings to or through market makers into an existing market for the shares;

·

in other ways not involving market makers or established markets, including direct sales to purchasers in negotiated transactions;

·

through a bidding or auction process;

·

through one or more underwriters on a firm commitment or best efforts basis;

·

through the writing of options, swaps or other derivatives, whether listed on an exchange or otherwise; or

·

through a combination of such methods of sale or by any other legally available means.


In addition, subject to compliance with applicable law, the selling stockholder may enter into option, derivative or hedging transactions with broker-dealers who may engage in short sales of common stock in the course of hedging the positions they assume with the selling stockholder, and any related offers or sales of shares may be made under this prospectus. In some circumstances, for example, the selling stockholder may write call options, put options or other derivative instruments with respect to the shares, which it settles through delivery of the shares. These option, derivative and hedging transactions may require the delivery to a broker, dealer or other financial institution of shares offered under this prospectus, and that broker, dealer or other financial institution may resell those shares under this prospectus.

The selling stockholder may sell the shares at market prices prevailing at the time of sale, at prices related to those market prices, at negotiated prices or at fixed prices, which may be changed from time to time. The selling stockholder also may sell the shares pursuant to Rule 144 or other available exemptions adopted under the Securities Act. The selling stockholder may effect transactions by selling shares directly to purchasers or to or through broker-dealers. The broker-dealers may act as agents or principals. Broker-dealers, underwriters or agents may receive compensation in the form of discounts, concessions or commissions from the selling stockholder or the purchasers of the shares, or both. The compensation of any particular broker-dealer, underwriter or agent may be in excess of customary commissions. Any commissions received by them and any profit on the resale of shares may be deemed to be underwriting compensation. Because the selling stockholder and broker-dealers that participate with the selling stockholder in the distribution of shares may be deemed to be “underwriters” within the meaning of Section 2(a)(11) of the Securities Act, the selling stockholder may be subject to the prospectus delivery requirements of the Securities Act.

The selling stockholder may donate, pledge or otherwise transfer its shares in a non-sale related transaction to any person so long as the transfer complies with applicable securities laws. As a result, donees, pledgees, transferees and other successors in interest that receive such shares as a gift, distribution or other non-sale related transfer may offer shares of common stock under this prospectus.

The selling stockholder has advised us that they have not entered into any agreements, understandings or arrangements with any underwriters or broker-dealers regarding the sale of their securities. There is no underwriter or coordinating broker acting in connection with the proposed sale of shares by the selling stockholder.



7



The shares will be sold through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in certain states the shares may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from the registration or qualification requirement is available and is complied with.

Under applicable rules and regulations under the Securities Exchange Act of 1934,incorporation, as amended, (the “Exchange Act”), any person engaged in the distribution of the shares may not simultaneously engage in market making activities with respect toand our common stockamended and restated bylaws for a period of two business days prior to the commencement of such distribution. In addition, the selling stockholder will be subject to applicable provisions of the Exchange Act and the associated rules and regulations under the Exchange Act, including Regulation M, which provisions may limit the timing of purchases and sales of shares of our common stock by the selling stockholder. Certain persons participating in an offering may engage in over-allotment, stabilizing transactions, short-covering transactions and penalty bids in accordance with Regulation M under the Exchange Act that stabilize, maintain or otherwise affect the price of the offered securities. If any such activities may occur, they will be described in an applicable prospectus supplement or a document incorporated by reference to the extent required. We will make copies of this prospectus available to the selling stockholder and have informed them that if it is deemed to be an underwriter, it will need to deliver copies of this prospectus to purchasers at or prior to the time of any sale of the shares.more complete information.

We will receive no proceeds from the sale of shares by selling stockholder pursuant to this prospectus. We will bear all costs, expenses and fees in connection with the registration of the shares, except that the selling stockholder will bear all commissions and discounts, if any, attributable to the sales of the shares. We will indemnify the selling stockholder, and the selling stockholder will indemnify us, and may agree to indemnify any underwriter, broker-dealer or agent that participates in transactions involving sales of the shares, against certain liabilities, including liabilities arising under the Securities Act.

Upon notification to us by the selling stockholder that any material arrangement has been entered into with a broker-dealer or other agent for the sale or purchase of shares, including through a block trade, special offering, exchange distribution, secondary distribution, or purchase by a broker or dealer, we will file a supplement to this prospectus, if required, disclosing:


·

the name of the participating broker-dealers;

·

the number of shares involved;

·

the price at which such shares were sold;

·

the commissions paid or discounts or concessions allowed to such broker-dealers, where applicable;

·

that such broker-dealers did not conduct any investigation to verify the information set out or incorporated by reference in this prospectus; and

·

other facts material to the transaction.

A prospectus supplement or document incorporated by reference may be filed to disclose additional information with respect to any sale or other distribution of the shares.




8




DESCRIPTION OF COMMON STOCK

Our restated certificate of incorporation authorizes us to issue 100,000,000 shares of common stock, par value $0.001 per share. As of November 17, 2017,June 21, 2021, there were 27,648,349shares32,336,476 shares of our common stock issued and 27,640,32432,336,315 shares of our common stock outstanding, all of which are fully paid and non-assessable. In addition, 293,991As of June 21, 2021, there were 277,576 shares wereof common stock issuable upon the exercise of stockoutstanding options, outstanding as341,894 shares of September 30, 2017, 273,373 shares werecommon stock issuable upon the vesting of outstanding restricted stock units outstanding as of September 30, 2017, 183,333 shares underlie warrants issued in connection with our March 2015 registered direct offering and 561,2321,279,772 additional shares of common stock were reserved for future issuance under our 2013 Omnibus Incentive Plan, as of September 30, 2017.amended.

Each share of our common stock is entitled to one vote for all purposes and cumulative voting is not permitted in the election of directors. Accordingly, the holders of more than fifty percent of all of the outstanding shares of our common stock can elect all of the directors. Matters to be voted upon by the holders of our common stock require the affirmative vote of a majority of the votes cast at a stockholders meeting at which a quorum is present.

There are no preemptive, subscription, conversion or redemption rights pertaining to our common stock. The absence of preemptive rights could result in a dilution of the interest of existing stockholders should additional shares of common stock be issued. Holders of our common stock are entitled to receive such dividends as may be declared by our Board of Directors out of assets legally available and to share ratably in our assets upon liquidation.

Computershare Trust Company Canton, Massachusetts is the transfer agent and registrar for our common stock.

Our common stock is listed on the Nasdaq Capital MarketNYSE American under the symbol “WWR”.“WWR.”

Possible Anti-Takeover Effects of Delaware Law and our Restated Certificate of Incorporation and Amended and Restated Bylaws

Certain provisions of Delaware law, our restated certificateRestated Certificate of incorporationIncorporation and our amendedAmended and restated bylawsRestated Bylaws discussed below could discourage or make it more difficult to accomplish a proxy contest or other change in our management or the acquisition of control by a holder of a substantial amount of our common stock. It is possible that these provisions could make it more difficult to accomplish, or could deter, transactions that stockholders may otherwise consider to be in their best interests or in our best interests. These provisions are intended to enhance the likelihood of continuity and stability in the composition of our Board of Directors and in the policies formulated by the Board of Directors and may discourage certain types of transactions that may involve an actual or threatened change of control of us. The provisions also are intended to discourage certain tactics that may be used in proxy fights. Such provisions also may have the effect of preventing changes in our management.

Delaware Statutory Business Combinations Provision

Provision.We are subject to the anti-takeover provisions of Section 203 of the Delaware General Corporation Law. In general, Section 203 prohibits a publicly-held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder, unless the business combination is, or the transaction in which the person became an interested stockholder was, approved in a prescribed manner or another prescribed exception applies. For purposes of Section 203, a “business combination” is defined broadly to include a merger, asset sale or other transaction resulting in a financial benefit to the interested stockholder, and, subject to certain exceptions, an



9



“interested “interested stockholder” is a person who, together with his or her affiliates and associates, owns (or within three years prior, did own) 15% or more of the corporation’s voting stock.




Authorized but Unissued Stock

Stock.Our restated certificate of incorporation authorizes the issuance of upus to issue 100,000,000 shares of capitalcommon stock, par value $0.001 per share. As of November 17, 2017, 27,648,349June 21, 2021, there were 32,336,476 shares of our common stock were issued and 27,640,32432,336,315 shares of our common stock were outstanding. Our Board of Directors has the authority, without further approval of the stockholders, to issue such shares, which would adversely affect the voting power and ownership interest of holders of our common stock. This authority may have the effect of deterring hostile takeovers, delaying or preventing a change in control, and discouraging bids for our common stock at a premium over the market price.

Advance Notice Provisions for Stockholder Proposals and Stockholder Nominations of Directors

Directors.Our amendedAmended and restated bylawsRestated Bylaws provide that, for nominations to the Board of Directors or for other business to be properly brought by a stockholder before a meeting of stockholders, the stockholder must first have given timely notice of the proposal in writing to our Secretary. For an annual meeting, a stockholder’s notice generally must be delivered not less than 90 days nor more than 120 days prior to the first anniversary of the preceding year’s annual meeting. Detailed requirements as to the form of the notice and information required in the notice are specified in the amended and restated bylaws. If it is determined that business was not properly brought before a meeting in accordance with our bylaw provisions, such business will not be conducted at the meeting.

Amendment of Bylaws

Bylaws.Our Board of Directors is expressly authorized to alter or repeal our amended and restated bylaws.

Special Meetings of Stockholders

Stockholders.Special meetings of the stockholders may be called only by our Chairman, President or pursuant to a resolution adopted by a majority of the total number of directors. Stockholders may not propose business to be brought before a special meeting of the stockholders.

Debt Securities

The debt securities will be our direct unsecured general obligations. The debt securities will be issued under an indenture which may be amended or supplemented from time to time, the form of which is filed as an exhibit to the registration statement of which this prospectus forms a part.

The applicable prospectus supplement and/or other offering materials will describe the material terms of the debt securities offered through that prospectus supplement as well as any general terms described in this section that will not apply to those debt securities. To the extent the applicable prospectus supplement or other offering materials relating to an offering of debt securities are inconsistent with this prospectus, the terms of that prospectus supplement or other offering materials will supersede the information in this prospectus.

The prospectus supplement relating to any series of debt securities that we may offer will contain the specific terms of the debt securities. These terms may include the following:

·the title and principal aggregate amount of the debt securities;

·whether the debt securities will be secured or unsecured; 

·whether the debt securities are convertible or exchangeable into other securities; 

·the percentage or percentages of principal amount at which such debt securities will be issued; 

·the interest rate(s) or the method for determining the interest rate(s); 

·the dates on which interest will accrue or the method for determining dates on which interest will accrue and dates on which interest will be payable; 

·the person to whom any interest on the debt securities will be payable; 

·the places where payments on the debt securities will be payable; 




·the maturity date; 

·redemption or early repayment provisions; 

·authorized denominations; 

·form; 

·amount of discount or premium, if any, with which such debt securities will be issued; 

·whether such debt securities will be issued in whole or in part in the form of one or more global securities; 

·the identity of the depositary for global securities; 

·whether a temporary security is to be issued with respect to such series and whether any interest payable prior to the issuance of definitive securities of the series will be credited to the account of the persons entitled thereto; 

·the terms upon which the beneficial interests in a temporary global security may be exchanged in whole or in part for beneficial interests in a definitive global security or for individual definitive securities; 

·any covenants applicable to the particular debt securities being issued; 

·any defaults and events of default applicable to the particular debt securities being issued; 

·the guarantors of each series, if any, and the extent of the guarantees, if any; 

·any restriction or condition on the transferability of the debt securities; 

·the currency, currencies, or currency units in which the purchase price for, the principal of and any premium and any interest on, such debt securities will be payable; 

·the time period within which, the manner in which and the terms and conditions upon which we or the purchaser of the debt securities can select the payment currency; 

·the securities exchange(s) on which the securities will be listed, if any; 

·whether any underwriter(s) will act as market maker(s) for the securities; 

·the extent to which a secondary market for the securities is expected to develop; 

·our obligations or right to redeem, purchase or repay debt securities under a sinking fund, amortization or analogous provision; 

·provisions relating to covenant defeasance and legal defeasance; 

·provisions relating to satisfaction and discharge of the indenture; 

·provisions relating to the modification of the indenture both with and without consent of holders of debt securities issued under the indenture; 




·the law that will govern the indenture and debt securities; and 

·additional terms not inconsistent with the provisions of the indenture. 

General

We may sell the debt securities, including original issue discount securities, at par or at a substantial discount below their stated principal amount. Unless we inform you otherwise in a prospectus supplement, we may issue additional debt securities of a particular series without the consent of the holders of the debt securities of such series outstanding at the time of issuance. Any such additional debt securities, together with all other outstanding debt securities of that series, will constitute a single series of securities under the applicable indenture. In addition, we will describe in the applicable prospectus supplement material U.S. federal income tax considerations and any other special considerations for any debt securities we sell which are denominated in a currency or currency unit other than U.S. dollars. Unless we inform you otherwise in the applicable prospectus supplement, the debt securities will not be listed on any securities exchange.

We expect most debt securities to be issued in fully registered form without coupons and in denominations of $1,000 and integral multiples thereof. Subject to the limitations provided in the indenture and in the prospectus supplement, debt securities that are issued in registered form may be transferred or exchanged at the corporate office of the trustee or the principal corporate trust office of the trustee, without the payment of any service charge, other than any tax or other governmental charge payable in connection therewith.

If specified in the applicable prospectus supplement, certain of our subsidiaries will guarantee the debt securities. The particular terms of any guarantee will be described in the related prospectus supplement.

Governing Law

The indenture is, and any debt securities will be, governed by, and construed in accordance with, the laws of the State of New York.

Warrants

We may issue warrants for the purchase of common stock in one or more series. We may issue warrants independently or together with common stock, and the warrants may be attached to or separate from these securities. While the terms summarized below will apply generally to any warrants that we may offer, we will describe the particular terms of any series of warrants in more detail in the applicable prospectus supplement. The terms of any warrants offered under a prospectus supplement may differ from the terms described below.

We will file as exhibits to the registration statement of which this prospectus is a part, or will incorporate by reference from reports that we file with the SEC, the form of warrant agreement, including a form of warrant certificate, that describes the terms of the particular series of warrants we are offering before the issuance of the related series of warrants. The following summaries of material provisions of the warrants and the warrant agreements are subject to, and qualified in their entirety by reference to, all the provisions of the warrant agreement and warrant certificate applicable to the particular series of warrants that we may offer under this prospectus. We urge you to read the applicable prospectus supplements related to the particular series of warrants that we may offer under this prospectus, as well as any related free writing prospectuses, and the complete warrant agreements and warrant certificates that contain the terms of the warrants.

General

We will describe in the applicable prospectus supplement the terms of the series of warrants being offered, including:

·the offering price and aggregate number of warrants offered;  




·the currency for which the warrants may be purchased;  

·if applicable, the designation and terms of the securities with which the warrants are issued and the number of warrants issued with each such security or each principal amount of such security;  

·if applicable, the date on and after which the warrants and the related securities will be separately transferable;  

·the number of shares of common stock purchasable upon the exercise of one warrant and the price at which these shares may be purchased upon such exercise;  

·the effect of any merger, consolidation, sale or other disposition of our business on the warrant agreements and the warrants;  

·the terms of any rights to redeem or call the warrants;  

·any provisions for changes to or adjustments in the exercise price or number of securities issuable upon exercise of the warrants;  

·the dates on which the right to exercise the warrants will commence and expire;  

·the manner in which the warrant agreements and warrants may be modified;  

·a discussion of any material or special United States federal income tax consequences of holding or exercising the warrants;  

·the terms of the securities issuable upon exercise of the warrants; and  

·any other specific terms, preferences, rights or limitations of or restrictions on the warrants.

Before exercising their warrants, holders of warrants will not have any of the rights of holders of the securities purchasable upon such exercise, including the right to receive dividends, if any, or, payments upon our liquidation, dissolution or winding up or to exercise voting rights, if any.

Exercise of Warrants

Each warrant will entitle the holder to purchase the securities that we specify in the applicable prospectus supplement at the exercise price that we describe in the applicable prospectus supplement. Unless we otherwise specify in the applicable prospectus supplement, holders of the warrants may exercise the warrants at any time up to the specified time on the expiration date that we set forth in the applicable prospectus supplement. After the close of business on the expiration date, unexercised warrants will become void.

Holders of the warrants may exercise the warrants by delivering the warrant certificate representing the warrants to be exercised together with specified information, and paying the required amount to the warrant agent or the Company in immediately available funds, as provided in the applicable prospectus supplement. We will set forth on the reverse side of the warrant certificate and in the applicable prospectus supplement the information that the holder of the warrant will be required to deliver to the warrant agent.

Upon receipt of the required payment and the warrant certificate properly completed and duly executed at the corporate trust office of the warrant agent or any other office indicated in the applicable prospectus supplement, we will issue and deliver the securities purchasable upon such exercise. If fewer than all of the warrants represented by the warrant certificate are exercised, then we will issue a new warrant certificate for the remaining amount of warrants. If we so indicate in the applicable prospectus supplement, holders of the warrants may surrender securities as all or part of the exercise price for warrants.




Governing Law

Unless we provide otherwise in the applicable prospectus supplement, the warrants and warrant agreements will be governed by and construed in accordance with the laws of the State of New York.

Enforceability of Rights by Holders of Warrants

Each warrant agent will act solely as our agent under the applicable warrant agreement and will not assume any obligation or relationship of agency or trust with any holder of any warrant. A single bank or trust company may act as warrant agent for more than one issue of warrants. A warrant agent will have no duty or responsibility in case of any default by us under the applicable warrant agreement or warrant, including any duty or responsibility to initiate any proceedings at law or otherwise, or to make any demand upon us. Any holder of a warrant may, without the consent of the related warrant agent or the holder of any other warrant, enforce by appropriate legal action its right to exercise, and receive the securities purchasable upon exercise of, its warrants.

Units

The following description, together with the additional information we may include in any applicable prospectus supplements, summarizes the material terms and provisions of the units that we may offer under this prospectus. While the terms summarized below will apply generally to any units that we may offer, we will describe the particular terms of any series of units in more detail in the applicable prospectus supplement. If we indicate in the prospectus supplement, the terms of any units offered under that prospectus supplement may differ from the terms described below. Specific unit agreements will contain additional important terms and provisions and will be incorporated by reference as an exhibit to the registration statement that includes this prospectus.

General

We may issue units consisting of common stock, debt securities or warrants. Each unit will be issued so that the holder of the unit is also the holder of each security included in the unit. Thus, the holder of a unit will have the rights and obligations of a holder of each included security. The unit agreement under which a unit is issued may provide that the securities included in the unit may not be held or transferred separately, at any time or at any time before a specified date.

We will describe in the applicable prospectus supplement the terms of the series of units being offered, including:

·the designation and terms of the units and of the common stock, debt securities and warrants comprising the units, including whether and under what circumstances those securities may be held or transferred separately;  

·any provisions of the governing unit agreement that differ from those described below; and  

·any provisions for the issuance, payment, settlement, transfer or exchange of the units or of the securities comprising the units.

We may issue units in such amounts and in such numbers of distinct series as we determine.

The provisions described in this section, as well as those described under “Description of Securities—Common Stock,” “Description of Securities—Debt Securities” and “Description of Securities—Warrants” will apply to each unit, as applicable, and to any common stock, debt security and warrant included in each unit, as applicable.




Unit Agent

The name and address of the unit agent for any units we offer will be set forth in the applicable prospectus supplement.

Enforceability of Rights by Holders of Units

Each unit agent will act solely as our agent under the applicable unit agreement and will not assume any obligation or relationship of agency or trust with any holder of any unit. A single bank or trust company may act as unit agent for more than one series of units. A unit agent will have no duty or responsibility in case of any default by us under the applicable unit agreement or unit, including any duty or responsibility to initiate any proceedings at law or otherwise, or to make any demand upon us. Any holder of a unit may, without the consent of the related unit agent or the holder of any other unit, enforce by appropriate legal action its rights as holder under any security included in the unit.

PLAN OF DISTRIBUTION

We may sell the securities covered by this prospectus from time to time in one or more offerings. Registration of the securities covered by this prospectus does not mean, however, that those securities will necessarily be offered or sold.

We may sell the securities separately or together:

·through one or more underwriters or dealers in a public offering and sale by them;  

·directly to investors; 

·through negotiated transactions; 

·in block trades;  

·through agents to the public or to investors; or  

·through any combination of any of these methods of sale.

We may sell the securities from time to time:

·in one or more transactions at a fixed price or prices, which may be changed from time to time;  

·at market prices prevailing at the times of sale;  

·in “at the market offerings,” within the meaning of Rule 415(a)(4) of the Securities Act of 1933, as amended (the “Securities Act”), to or through a sales agent or market maker or into an existing trading market, on an exchange or otherwise;  

·at prices related to such prevailing market prices; or  

·at negotiated prices.

We will describe the method of distribution of the securities and the terms of the offering in the prospectus supplement or free writing prospectus. Any discounts or concessions allowed or re-allowed or paid to dealers may be changed from time to time.




We may engage in at-the-market offerings into an existing trading market in accordance with Rule 415(a)(4) under the Securities Act, and we may also sell securities through a rights offering, forward contracts or similar arrangements. In any distribution of subscription rights to stockholders, if all of the underlying securities are not subscribed for, we may then sell the unsubscribed securities directly to third parties or may engage the services of one or more underwriters, dealers or agents, including standby underwriters, to sell unsubscribed securities to third parties.

If underwriters are used in the sale of any securities, the securities will be acquired by the underwriters for their own account and may be resold from time to time in one or more transactions described above. The securities may be either offered to the public through underwriting syndicates represented by managing underwriters, or directly by underwriters. Generally, the underwriters’ obligations to purchase the securities will be subject to conditions precedent and the underwriters will be obligated to purchase all of the securities if they purchase any of the securities. We may use underwriters with whom we have a material relationship. We will describe in the prospectus supplement or free writing prospectus, naming the underwriter, the nature of any such relationship.

We may designate agents to sell the securities. Unless otherwise specified in connection with any particular sale of securities, the agents will agree to use their best efforts to solicit purchases for the period of their appointment.

We may authorize underwriters, dealers or agents to solicit offers by certain purchasers to purchase the securities from us at the public offering price set forth in the prospectus supplement or free writing prospectus pursuant to delayed delivery contracts providing for payment and delivery on a specified date in the future. The contracts will be subject only to those conditions set forth in the prospectus supplement or free writing prospectus, and the prospectus supplement or free writing prospectus will set forth any commissions we pay for solicitation of these contracts.

We may enter into derivative transactions with third parties, or sell securities not covered by this prospectus to third parties in privately negotiated transactions. If the applicable prospectus supplement indicates, in connection with those derivatives, the third parties may sell securities covered by this prospectus and the applicable prospectus supplement, including in short sale transactions. If so, the third party may use securities pledged by us or borrowed from us or others to settle those sales or to close out any related open borrowings of stock, and may use securities received from us in settlement of those derivatives to close out any related open borrowings of stock. The third party in such sale transactions will be an underwriter and will be identified in the applicable prospectus supplement or in a post-effective amendment.

Underwriters, dealers and agents may be entitled to indemnification by us against certain civil liabilities, including liabilities under the Securities Act, or to contribution with respect to payments made by the underwriters, dealers or agents, under agreements between us and the underwriters, dealers and agents.

We may grant underwriters who participate in the distribution of securities an option to purchase additional securities to cover over-allotments, if any, in connection with the distribution.

Underwriters, dealers or agents may receive compensation in the form of discounts, concessions or commissions from us or our purchasers, as their agents in connection with the sale of securities. These underwriters, dealers or agents may be considered to be underwriters under the Securities Act. As a result, discounts, commissions or profits on resale received by the underwriters, dealers or agents may be treated as underwriting discounts and commissions. The prospectus supplement or free writing prospectus will identify any such underwriter, dealer or agent and describe any compensation received by them from us. Any initial public offering price and any discounts or concessions allowed or re-allowed or paid to dealers may be changed from time to time.

Unless otherwise specified in the related prospectus supplement, all securities we offer, other than common stock, will be new issues of securities with no established trading market. Any underwriters may make a market in these securities, but will not be obligated to do so and may discontinue any market making at any time without notice. Any common stock sold pursuant to a prospectus supplement or free writing prospectus will be listed for trading on the NYSE American or other principal market for our common stock. We may apply to list any series of




debt securities or warrants on an exchange, but we are not obligated to do so. Therefore, there may not be liquidity or a trading market for any series of securities.

Any underwriter may engage in over-allotment transactions, stabilizing transactions, short-covering transactions and penalty bids in accordance with Regulation M under the Exchange Act. Over-allotment involves sales in excess of the offering size, which create a short position. Stabilizing transactions permit bids to purchase the underlying security so long as the stabilizing bids do not exceed a specified maximum. Short covering transactions involve purchases of the securities in the open market after the distribution is completed to cover short positions. Penalty bids permit the underwriters to reclaim a selling concession from a dealer when the securities originally sold by the dealer are purchased in a covering transaction to cover short positions. Those activities may cause the price of the securities to be higher than it would otherwise be. If commenced, the underwriters may discontinue any of the activities at any time. We make no representation or prediction as to the direction or magnitude of any effect that such transactions may have on the price of the securities. For a description of these activities, see the information under the heading “Underwriting” or “Plan of Distribution” in the applicable prospectus supplement.

Underwriters, broker-dealers or agents who may become involved in the sale of the common stock may engage in transactions with and perform other services for us in the ordinary course of their business for which they receive compensation.

LEGAL MATTERS

The validity of the common stocksecurities offered by this prospectus will be passed upon for us by Hogan Lovells US LLP, Denver, Colorado.

EXPERTS

EXPERTS

The consolidated financial statements of Westwater Resources, Inc. for the fiscal years ended December 31, 20162020 and December 31, 20152019 incorporated in this prospectus by reference herein have been audited by Hein & Associates LLP, independent registered public accounting firm, as set forth in their report, incorporated by reference herein, and are incorporated by reference in reliance upon that report given on the authority of Hein & Associates LLP as experts in accounting and auditing.



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WHERE YOU CAN FIND MORE INFORMATION

We file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other information that we file at the SEC’s public reference room at 100 F Street, N.E., Washington, District of Columbia 20549. Please call the SEC at 1-800-SEC-0330 for more information on the public reference room. Our SEC filings are also available to the public from commercial retrieval services and at the website maintained by the SEC atwww.sec.gov. The reports and other information filed by us with the SEC are also available at our website. The address of the Company’s website iswww.westwaterresources.net. Information contained on our website or that can be accessed through our website is not incorporated by reference into this prospectus.

INFORMATION INCORPORATED BY REFERENCE

The SEC allows us to incorporate information into this prospectus “by reference,” which means that we can disclose important information to you by referring you to another document that we file separately with the SEC. The information incorporated by reference is deemed to be part of this prospectus, except for any information superseded by information contained directly in this prospectus. These documents contain important information about the Company and its financial condition, business and results.

We are incorporating by reference the Company’s filings listed below and any additional documents that we may file with the SEC pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act on or after the date hereof and prior to the termination of the offering, except we are not incorporating by reference any information furnished (but not filed) under Item 2.02 or Item 7.01 of any Current Report on Form 8-K and corresponding information furnished under Item 9.01 as an exhibit thereto:


·

ourWestwater Resources, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, filed with2020 have been audited by Moss Adams LLP, an independent registered public accounting firm, as stated in their report, which is incorporated herein by reference.  Such consolidated financial statements have been so incorporated in reliance upon the SEC on March 2, 2017;

·

our Proxy Statement for our 2016 Annual Meetingreport of Stockholders, filed on May 23, 2017such firm given upon their authority as experts in accounting and amendment No. 1 thereto, filed on June 5, 2017;

·

our Quarterly Report on Form 10-Q for the quarters ended March 31, 2017, filed with the SEC on May 11, 2017, June 30, 2017, filed with the SEC on August 11, 2017, and September 30, 2017, filed with the SEC on November 9, 2017;

·

our Current Reports on Form 8-K filed with the SEC on January 10, 2017, January 13, 2017, January 19, 2017, January 26, 2017, February 9, 2017, February 10, 2017, February 16, 2017, April 17, 2017, May 8, 2017, July 19, 2017, August 21, 2017, September 27, 2017 and November 17, 2017 (in each case, except that any portions thereof which are furnished and not filed shall not be deemed incorporated); and

·

the description of our common stock contained in our Form 8-A filed on April 11, 2007, including any amendments or reports filed for the purpose of updating the description.


We will provide, without charge, to each person to whom a copy of this prospectus has been delivered, including any beneficial owner, a copy of any and all of the documents referred to herein that are summarized in this prospectus, if such person makes a written or oral request directed to:

Westwater Resources, Inc.

6950 South Potomac Street, Suite 300

Centennial, Colorado 80112

Attn: Corporate Secretary

(303) 531-0518




11


auditing.





PART II
INFORMATION NOT REQUIRED IN THE PROSPECTUS

Item 14.Other Expenses of Issuance and Distribution.

The following table sets forthis an estimate of the fees and expenses relating(all of which are to be paid by the issuance and distribution ofregistrant) that we may incur in connection with the securities being registered hereby, other than underwriting discountshereby.

 

 

 

 

 

SEC registration fee

 

$

16,365.00

 

FINRA fee

 

 

*

 

Legal fees and expenses

 

 

*

 

Trustee’s fees and expenses

 

 

*

 

Accounting fees and expenses

 

 

*

 

Printing expenses

 

 

*

 

Miscellaneous fees and expenses

 

 

*

 

 

 

 

 

Total Expenses

 

$

*

 

___________________

* These fees are calculated based on the securities offered and commissions, allthe number of which shallissuances and accordingly cannot be borne by Westwater Resources, Inc. (the “Company”). All of such fees and expenses, except for the Securities and Exchange Commission (“SEC”) registration fee, are estimated:estimated at this time.

SEC registration fee

$12

Legal fees and expenses

$7,000

Accounting fees and expenses

$4,000

Miscellaneous fees and expenses

$1,988

Total Expenses

$13,000

Item 15.Indemnification of Directors and Officers.

Under Delaware law, a corporation may indemnify any person who was or is a party or is threatened to be made a party to an action (other than an action by or in the right of the corporation) by reason of his service as a director or officer of the corporation, or his service, at the corporation’s request, as a director, officer, employee or agent of another corporation or other enterprise, against expenses (including attorneys’ fees) that are actually and reasonably incurred by him (“Expenses”), and judgments, fines and amounts paid in settlement that are actually and reasonably incurred by him, in connection with the defense or settlement of such action, provided that he acted in good faith and in a manner he reasonably believed to be in or not opposed to the corporation’s best interests, and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his conduct was unlawful. Although Delaware law permits a corporation to indemnify any person referred to above against Expenses in connection with the defense or settlement of an action by or in the right of the corporation, provided that he acted in good faith and in a manner he reasonably believed to be in or not opposed to the corporation’s best interests, if such person has been judged liable to the corporation, indemnification is only permitted to the extent that the Court of Chancery (or the court in which the action was brought) determines that, despite the adjudication of liability, such person is entitled to indemnity for such Expenses as the court deems proper. The Delaware General Corporation Law (the “DGCL”) also provides for mandatory indemnification of any director, officer, employee or agent against Expenses to the extent such person has been successful in any proceeding covered by the statute. In addition, the DGCL provides the general authorization of advancement of a director’s or officer’s litigation expenses in lieu of requiring the authorization of such advancement by the Board of Directors in specific cases, and that indemnification and advancement of expenses provided by the statute shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement or otherwise.

Our amended and restated bylaws and restated certificate of incorporation provide for indemnification of our directors and officers and for advancement of litigation expenses to the fullest extent permitted by current Delaware law. In addition, the Company has entered into an indemnification agreement with each director and officer that provides for indemnification and advancement of litigation expenses to fullest extent permitted by the DCGL.DGCL.

We maintain a policy of directors and officers liability insurance which reimburses us for expenses which we may incur in connection with the foregoing indemnity provisions and which may provide direct indemnification to directors and officers where we are unable to do soso.




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Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the above, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.

Item 16.Exhibits.

Exhibit Number

Description

4.11.1

Registration RightsControlled Equity OfferingSM Sales Agreement, dated September 25,April 14, 2017, between the Company and Aspire Capital Fund, LLCCantor Fitzgerald & Co. (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on September 27, 2017).

4.2

Registration Rights Agreement dated as of April 8, 2016, between the Company and Aspire Capital Fund, LLC (incorporated by reference to Exhibit 4.11.1 to the Company’s Current Report on Form 8-K filed on April 11, 2016)17, 2017).

1.2*

Form of Underwriting Agreement.

2.1

Securities Purchase Agreement, dated December 31, 2020, by and among enCore Energy Corp., the Company and URI Neutron Holdings II, Inc. (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed on December 31, 2020).

4.1

Restated Certificate of Incorporation of the Company, as amended through April 22, 2019. (incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2019).

4.2

Amended and Restated Bylaws of the Company, as amended May 10, 2021 (incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021).

4.3

Form of Common Stock Certificate (incorporated by reference to Exhibit 4.3 to the Company’s Registration Statement on Form S-3 (File No. 333-236796) filed with the SEC on February 28, 2020).

4.4

Form of Indenture (incorporated by reference to Exhibit 4.4 to the Company’s Registration Statement on Form S-3 (File No. 333-236796) filed with the SEC on February 28, 2020).

4.5*

Form of Warrant Agreement.

4.6*

Form of Warrant Certificate.

4.7*

Form of Unit Agreement.

5.1

Opinion of Hogan Lovells US LLP as to the legality of the securities being registered.

23.1

Consent of Hogan Lovells US LLP (included in Exhibit 5.1).

23.2

Consent of Hein & Associates LLPIndependent Registered Public Accounting Firm.

2424.1

Power of Attorney (included on signature page).

99.125.1**

PurchaseForm T-1 Statement of Eligibility and Sale Agreement betweenQualification under the Company and Mesa Exploration Corp., dated September 21, 2016 (incorporated by reference to Exhibit 99.1 toTrust Indenture Act of 1939, as amended, of the Company’s S-3 Registration Statement filed on November 16, 2016).trustee for the debt securities.


______________________

*To be filed, if necessary, as an exhibit to a post-effective amendment to this registration statement or as an exhibit to a report pursuant to Section 13(a) or 15(d) of the Exchange Act and incorporated herein by reference.  

**To be filed in accordance with the Trust Indenture Act of 1939, as amended.

Item 17.Undertakings.

(a)

The undersigned registrant hereby undertakes:

(1)To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:


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(i)To include any prospectus required by Section 10(a)(3) of the Securities Act;

(ii)To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

(iii)To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

provided, however, that subparagraphs (i), (ii) and (iii) above do not apply if the information required to be included in a post-effective amendment by those subparagraphs is contained in periodic reports



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filed with or furnished to the Commission by the registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that are incorporated by reference in the registration statement.

(2)That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3)To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(4)That, for the purpose of determining liability under the Securities Act to any purchaser:

(i)Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

(ii)Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.


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(5)That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities:

the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i)Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

(ii)Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

(iii)The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and



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(iv)Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

(b)The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to section 15(d) of the Exchange Act), that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c)Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange CommissionSEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.



(d)The undersigned registrant hereby undertakes to file an application for the purpose of determining the eligibility of the trustee to act under subsection (a) of section 310 of the Trust Indenture Act (“Act”) in accordance with the rules and regulations prescribed by the Commission under section 305(b)(2) of the Act.


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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Centennial, State of Colorado, on the 20th25th day of November, 2017.June, 2021.


WESTWATER RESOURCES, INC.

By:/s/     /s/ Jeffrey L. Vigil                                       

Name: Jeffrey L. Vigil

Title:Vice President – President—Finance and Chief Financial Officer


POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Messrs. Christopher M. Jones and Jeffrey L. Vigil and each of them severally as such person’s true and lawful attorney-in-fact and agent, each with full power of substitution and resubstitution, for such person and in such person’s name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and any registration statement relating to the offering covered by this Registration Statement filed pursuant to Rule 462 under the Securities Act of 1933, as amended, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto each said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as such person might, or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or any substitute therefor, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

 

 

 

Signature

Title

Date

/s/ Christopher M. Jones

President, Chief Executive Officer and Director (Principal Executive Officer)

November 20, 2017June 25, 2021

Christopher M. Jones

/s/ Jeffrey L. Vigil

Vice President – Finance and Chief Financial Officer (Principal Financial and Accounting Officer)

November 20, 2017June 25, 2021

Jeffrey L. Vigil

/s/ Steven M. Cates

Chief Accounting Officer and Controller (Principal Accounting Officer)

June 25, 2021

Steven M. Cates

/s/ Terence J. Cryan

Director and Chairman

November 20, 2017June 25, 2021

Terence J. Cryan

/s/ Marvin K. KaiserKarli S. Anderson

Director

November 20, 2017June 25, 2021

Marvin K. KaiserKarli S. Anderson

/s/ Tracy D. Pagliara

Director

November 20, 2017June 25, 2021

Tracy D. Pagliara

/s/ Patrick N. BurkeDeborah A. Peacock

Director

November 20, 2017June 25, 2021

Patrick N. BurkeDeborah A. Peacock




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EXHIBIT INDEX

Exhibit Number

Description

4.1

Registration Rights Agreement dated September 25, 2017 between the Company and Aspire Capital Fund, LLC (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on September 27, 2017).

4.2

Registration Rights Agreement dated as of April 8, 2016, between the Company and Aspire Capital Fund, LLC (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on April 11, 2016).

5.1

Opinion of Hogan Lovells US LLP as to the legality of the securities being registered.

23.1

Consent of Hogan Lovells US LLP (included in Exhibit 5.1).

23.2

Consent of Hein & Associates LLP.

24

Power of Attorney (included on signature page).

99.1

Purchase and Sale Agreement between the Company and Mesa Exploration Corp., dated September 21, 2016 (incorporated by reference to Exhibit 99.1 to the Company’s S-3 Registration Statement filed on November 16, 2016).




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