Westwater ‘supports’ executive order to increase American mineral production

Westwater Resources (WWR) said it supports U.S. President Donald Trump’s executive order enacting immediate measures to increase U.S. critical mineral production. The U.S. currently relies on imports of at least 15 critical minerals, including graphite which is currently supplied almost entirely by companies located in China. The new executive order effective March 20, 2025, names the Defense Production Act and the U.S. International Development Finance Corporation as mechanisms for supporting an effort to provide financing, loans and other investment support to domestically process critical minerals. Steve Cates, CFO, commented, “Importantly, the action affects both the mining of critical minerals and the processing of those materials after they are mined. The directive has the potential to positively impact the permitting process related to the development of our Coosa Deposit – which is the largest known graphite deposit in the contiguous U.S. As a result, we believe this executive order could accelerate and improve access to financing at Westwater.”