Latest news with #batterymaterials
National Post
2 days ago
- Business
- National Post
Westwater Resources Announces Second Quarter 2025 Business Update Call
Article content CENTENNIAL, Colo. — Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company ('Westwater' or the 'Company'), will host a conference call and webcast on August 14, 2025, at 11:00 AM Eastern Daylight Time to discuss its second quarter 2025 results, recent operational developments, and key strategic priorities. A replay of the webcast will be available on Westwater's website following the event. Article content Conference Call and Webcast Details Article content Article content Time and Date: August 14, 2025 11:00 AM EDT Article content 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 'priorities,' and other similar words. Forward looking statements include, among other things, statements concerning: operational developments including the construction of the Kellyton Graphite Plant, the Coosa graphite deposit, and the costs, schedules, production and economic projections associated with both of them, and strategic priorities including progress on the syndication of the secured debt financing for the Kellyton Graphite 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
TechCrunch
09-06-2025
- Automotive
- TechCrunch
Mitra Chem is raising $50M for its cheaper, domestic battery materials
Battery material startup Mitra Chem has raised $15.6 million of a planned $50 million funding round, according to a regulatory filing seen by TechCrunch. Mitra Chem is developing materials to make lithium-iron-phosphate (LFP) batteries store more energy. Automakers have begun to turn to LFP in an attempt to trim costs from electric vehicle battery packs, which can make up a significant portion of a car's cost. Currently, all LFP material comes from outside the United States, with the vast majority coming from China. TechCrunch reached out to Mitra Chem for comment, but did not receive an immediate reply. The new funding round comes at a challenging time for battery startups. Sales of electric vehicles (EVs) haven't grown at the rate some automakers and analysts had predicted. Simultaneously, the Trump administration and Congressional Republicans have mounted an assault on EVs and battery manufacturers. The House version of the reconciliation bill would sunset EV tax credits in 2025 or 2026, depending on how many EVs automakers have sold. The Senate has yet to weigh in on the bill. Mitra Chem previously raised a $60 million Series B that closed in 2023. GM led the round, with In-Q-Tel, Social Capital, and others participating. Chamath Palihapitiya's Social Capital led the startup's $20 million Series A in 2021. South Korean battery materials company L&F Corporation is a likely participant in the new round, having invested $10 million in March, Korean Economic Daily has reported. The company was awarded a $100 million grant from the Department of Energy last year to build a battery materials plant in Michigan. According to federal records, that award is still on the books but hasn't yet been paid out.
Times
12-05-2025
- Business
- Times
Cobalt Holdings to raise £175m in London float
A company trading in a key electric vehicle battery material is set to launch in London, in one of the first initial public offerings (IPO) since President Trump's tariffs sent tremors through global markets. Cobalt Holdings has said it plans to raise $230 million (£175 million) by listing on the main market, in a flotation backed by Glencore, the FTSE 100 commodities group, and Anchorage, an American investment firm, which will take a combined 20.5 per cent stake in the company. The new company will buy and hold cobalt, which is primarily used in lithium ion batteries, purchasing an initial 6,000 tonnes of cobalt from Glencore for $200 million, which it said was at a 5 per cent discount to Friday's cobalt spot price.
