Latest news with #WestwaterResources
Business Wire
5 days ago
- Business
- Business Wire
Westwater Resources Supports U.S. Department of Commerce Anti-Dumping Ruling on Chinese Graphite
CENTENNIAL, Colo.--(BUSINESS WIRE)-- Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company ('Westwater' or the 'Company'), announced today its support of the U.S. Department of Commerce's ('DOC') preliminary determination in the anti-dumping investigation of graphite-based anode materials imported from the People's Republic of China. This ruling represents the second major decision by the DOC targeting practices by Chinese producers. While the initial May 2025 ruling addressed countervailing duties and determined that Chinese companies were receiving unfair government subsidies, this latest decision concludes that Chinese producers have been selling graphite-based anode materials into the U.S. market at unfairly low prices - thereby harming domestic producers. 'This second decision by the DOC is even more impactful than the first,' said Jon Jacobs, Chief Commercial Officer of Westwater. 'The cumulative effect of the new anti-dumping duties, countervailing duties, and other tariffs in effect makes it economically clear that batteries built in the U.S. should use graphite made in the U.S.' With the new rates layered on top of previously established duties and tariffs, total import penalties on Chinese graphite-anode material now exceed 100%, and in some cases are much higher, depending on the producer: Section 301 tariffs: 25% Retaliatory tariffs: 30% DOC countervailing duties: 11.55 – 721% DOC anti-dumping duties: 93.5% TOTAL tariffs/duties: 160 – 869.5% The initial May ruling was updated July 3, 2025, increasing the countervailing duty rate from 6.55% to 11.55%, further strengthening U.S. trade protections for this critical mineral. 'These two rulings by the DOC are distinct from legislative-driven global trade tariffs,' added Jacobs. 'They reflect long-term support for U.S.-based graphite production. That kind of clarity and pricing stability is what's needed to finance and build a domestic graphite industry that will compete globally over the long term.' About Westwater Resources, Inc. Westwater Resources is an energy technology company that is focused on developing battery-grade natural graphite. Westwater Resources' primary project is the Kellyton Graphite Processing Plant that is under construction in east-central Alabama. In addition, Westwater Resources' Coosa Graphite Deposit is the largest and most advanced natural flake graphite deposit in the contiguous United States — and is located across 41,965 acres (~17,000 hectares) in Coosa County, Alabama. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words and phrases such as 'initial,' 'preliminary,' 'latest,' 'more impactful,' 'cumulative,' 'economically clear,' 'layered on top,' 'exceed,' 'updated,' 'increasing,' 'strengthening,' 'long-term support,' and other similar words or phrases. Forward looking statements include, among other things, statements concerning: the importance of critical minerals including battery-grade graphite; establishing a graphite industry in the U.S.; tariffs associated with the importation of natural graphite into the U.S. including the percentage of those tariffs and the countries for which tariffs will apply; the Company's business plans for its Kellyton Graphite Processing Plant; and efforts to manage existing off-take agreements or to put new supply agreements into place for the products from that Plant. The Company cautions that there are factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no assurance that such suggested results will be realized. Those uncertainties and other factors are discussed in Westwater's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent securities filings, and they could cause actual results to differ materially from management expectations.
National Post
5 days ago
- Business
- National Post
Westwater Resources Supports U.S. Department of Commerce Anti-Dumping Ruling on Chinese Graphite
Article content Article content CENTENNIAL, Colo. — Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company ('Westwater' or the 'Company'), announced today its support of the U.S. Department of Commerce's ('DOC') preliminary determination in the anti-dumping investigation of graphite-based anode materials imported from the People's Republic of China. Article content This ruling represents the second major decision by the DOC targeting practices by Chinese producers. While the initial May 2025 ruling addressed countervailing duties and determined that Chinese companies were receiving unfair government subsidies, this latest decision concludes that Chinese producers have been selling graphite-based anode materials into the U.S. market at unfairly low prices – thereby harming domestic producers. Article content 'This second decision by the DOC is even more impactful than the first,' said Jon Jacobs, Chief Commercial Officer of Westwater. 'The cumulative effect of the new anti-dumping duties, countervailing duties, and other tariffs in effect makes it economically clear that batteries built in the U.S. should use graphite made in the U.S.' Article content With the new rates layered on top of previously established duties and tariffs, total import penalties on Chinese graphite-anode material now exceed 100%, and in some cases are much higher, depending on the producer: Article content The initial May ruling was updated July 3, 2025, increasing the countervailing duty rate from 6.55% to 11.55%, further strengthening U.S. trade protections for this critical mineral. Article content 'These two rulings by the DOC are distinct from legislative-driven global trade tariffs,' added Jacobs. 'They reflect long-term support for U.S.-based graphite production. That kind of clarity and pricing stability is what's needed to finance and build a domestic graphite industry that will compete globally over the long term.' About Westwater Resources, Inc. Article content Westwater Resources is an energy technology company that is focused on developing battery-grade natural graphite. Westwater Resources' primary project is the Kellyton Graphite Processing Plant that is under construction in east-central Alabama. In addition, Westwater Resources' Coosa Graphite Deposit is the largest and most advanced natural flake graphite deposit in the contiguous United States — and is located across 41,965 acres (~17,000 hectares) in Coosa County, Alabama. For more information, visit Article content Cautionary Statement Regarding Forward-Looking Statements Article content This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words and phrases such as 'initial,' 'preliminary,' 'latest,' 'more impactful,' 'cumulative,' 'economically clear,' 'layered on top,' 'exceed,' 'updated,' 'increasing,' 'strengthening,' 'long-term support,' and other similar words or phrases. Forward looking statements include, among other things, statements concerning: the importance of critical minerals including battery-grade graphite; establishing a graphite industry in the U.S.; tariffs associated with the importation of natural graphite into the U.S. including the percentage of those tariffs and the countries for which tariffs will apply; the Company's business plans for its Kellyton Graphite Processing Plant; and efforts to manage existing off-take agreements or to put new supply agreements into place for the products from that Plant. The Company cautions that there are factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no assurance that such suggested results will be realized. Those uncertainties and other factors are discussed in Westwater's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent securities filings, and they could cause actual results to differ materially from management expectations. Article content Article content Article content Article content Contacts Article content Westwater Resources, Inc. Article content Article content Email: Article content Article content Article content
Business Wire
29-05-2025
- Business
- Business Wire
Westwater Resources Supports U.S. Department of Commerce Decision on Chinese Graphite Anode Material
CENTENNIAL, Colo.--(BUSINESS WIRE)-- Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company ('Westwater' or the 'Company'), announced today its support of the U.S. Department of Commerce's ('DOC') preliminary determination in the countervailing duty investigation of anode material from the People's Republic of China. The DOC's initial ruling determined that Chinese producers of anode material are receiving unfair government subsidies, and as a result, are now expected to be subject to U.S. import tariffs of up to 721%. 'This important decision by the DOC is another step toward leveling the playing field for U.S. producers,' said Jon Jacobs, Westwater's Chief Commercial Officer. 'We expect this announcement to accelerate off-take agreements with Westwater and to positively affect our ongoing financing efforts. U.S. automaker and cellmaker buyers are increasingly concluding that executing offtake supply agreements with U.S. producers like Westwater is the surest way to avoid import tariffs and is therefore their most economical long-term solution.' Pursuant to the preliminary determination, select Chinese natural and artificial graphite anode material producers will be subject to U.S. import tariffs of up to 721% in addition to pre-existing Section 301 and reciprocal tariffs already totaling 55%. The DOC is also conducting a concurrent antidumping investigation into anode materials imports from the People's Republic of China. This investigation is focused on determining whether Chinese producers are selling graphite-based anode materials in the United States at unfairly low prices - thereby harming U.S. producers. A preliminary decision is expected in July, and if the DOC finds sufficient evidence of dumping, it could impose additional duties and broader penalties. Mr. Jacobs added, 'The outcome of the antidumping investigation is expected to play a critical role in supporting the development of a robust, secure, and fair domestic supply chain for graphite and battery materials, which are vital to U.S. energy independence and national security. For companies like Westwater Resources that are investing in sustainable, U.S.-based production capabilities, these trade actions should help reduce the nation's reliance on foreign supply chains and benefit domestic producers.' About Westwater Resources, Inc. Westwater Resources is an energy technology company that is focused on developing battery-grade natural graphite. Westwater Resources' primary project is the Kellyton Graphite Processing Plant that is under construction in east-central Alabama. In addition, Westwater Resources' Coosa Graphite Deposit is the largest and most advanced natural flake graphite deposit in the contiguous United States — and is located across 41,965 acres (~17,000 hectares) in Coosa County, Alabama. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words and phrases such as 'initial,' 'preliminary,' 'important,' 'expect,' 'accelerate,' 'positively impact,' 'ongoing efforts,' 'level the playing field,' 'increasing,' 'surest way,' 'most economical,' 'additional,' 'broader,' 'critical,' 'help reduce,' and other similar words or phrases. Forward looking statements include, among other things, statements concerning: the importance of critical minerals including battery-grade graphite; establishing a graphite industry in the U.S.; tariffs associated with the importation of natural graphite into the U.S. including the percentage of those tariffs and the countries for which tariffs will apply; the Company's business plans for its Kellyton Graphite Processing Plant; and efforts to manage existing off-take agreements or to put new supply agreements into place for the products from that Plant. The Company cautions that there are factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no assurance that such suggested results will be realized. Those uncertainties and other factors are discussed in Westwater's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent securities filings, and they could cause actual results to differ materially from management expectations.
National Post
27-05-2025
- Business
- National Post
Westwater Resources Announces Successful Patent Application for the Kellyton Graphite Plant
Article content CENTENNIAL, Colo. — Westwater Resources, Inc. (NYSE American: WWR) an energy technology and battery-grade natural graphite development company, today announced it received a Notice of Allowance from the U.S. Patent and Trademark Office ('PTO') that Westwater's patent application is approved for issuance. Westwater filed an application, in August 2021, to patent methods of purifying graphite at the Kellyton Graphite Plant. With this Notice, PTO's examination of the application is complete. Article content Article content 'Over the past 4 years, Westwater has diligently worked with the PTO as it considered our patent application,' said John W. Lawrence, Westwater's Chief Administrative Officer, General Counsel and Secretary. 'We are extremely pleased that the examination process is now successfully complete, and we expect to receive the patent shortly.' Article content About Westwater Resources, Inc. Article content Westwater Resources is focused on developing battery-grade natural graphite products. The Company's primary project is the Kellyton Graphite Plant that is under construction in east-central Alabama. In addition, the Company's Coosa graphite deposit is the most advanced natural flake graphite deposit in the contiguous United States, which is located across 41,965 acres (~17,000 hectares) in Coosa County, Alabama. For more information, visit Article content This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as 'examination,' 'issuance,' and other similar words. Forward looking statements include, among other things, statements concerning the method of purifying graphite at the Kellyton Graphite Plant. The reader is cautioned not to put undue reliance on forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company and discussed in Westwater's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent securities filings. Article content Article content Article content Article content Contacts Article content Article content Article content
Business Wire
27-05-2025
- Business
- Business Wire
Westwater Resources Announces Successful Patent Application for the Kellyton Graphite Plant
CENTENNIAL, Colo.--(BUSINESS WIRE)-- Westwater Resources, Inc. (NYSE American: WWR) an energy technology and battery-grade natural graphite development company, today announced it received a Notice of Allowance from the U.S. Patent and Trademark Office ('PTO') that Westwater's patent application is approved for issuance. Westwater filed an application, in August 2021, to patent methods of purifying graphite at the Kellyton Graphite Plant. With this Notice, PTO's examination of the application is complete. 'Over the past 4 years, Westwater has diligently worked with the PTO as it considered our patent application,' said John W. Lawrence, Westwater's Chief Administrative Officer, General Counsel and Secretary. 'We are extremely pleased that the examination process is now successfully complete, and we expect to receive the patent shortly.' About Westwater Resources, Inc. Westwater Resources is focused on developing battery-grade natural graphite products. The Company's primary project is the Kellyton Graphite Plant that is under construction in east-central Alabama. In addition, the Company's Coosa graphite deposit is the most advanced natural flake graphite deposit in the contiguous United States, which is located across 41,965 acres (~17,000 hectares) in Coosa County, Alabama. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as 'examination,' 'issuance,' and other similar words. Forward looking statements include, among other things, statements concerning the method of purifying graphite at the Kellyton Graphite Plant. The reader is cautioned not to put undue reliance on forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company and discussed in Westwater's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent securities filings.
