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Westwater Resources Inc (WWR)
:WWR
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Westwater Resources
(WWR)
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Rating:36Underperform
Price Target:―
Westwater Resources' overall stock score reflects its precarious financial position, marked by net losses and weak cash flows. The technical indicators suggest a bearish outlook, compounded by challenging valuation metrics due to negative earnings. While the corporate event regarding the graphite plant's financing shows promise, the delay and ongoing due diligence reflect underlying risks, keeping the score low.
Positive Factors
Strong Equity Base
A strong equity base provides financial stability and can support future investments, reducing reliance on external debt.
Low Debt Levels
Low debt levels enhance financial flexibility and reduce interest burden, allowing more resources for growth initiatives.
Graphite Plant Financing
Securing financing for the graphite plant indicates potential for long-term growth in the battery-grade graphite market.
Negative Factors
Persistent Net Losses
Ongoing net losses highlight profitability issues, which can hinder reinvestment and growth opportunities.
Negative Cash Flows
Negative cash flows indicate inefficiencies in operations, risking liquidity and limiting the ability to fund new projects.
Lack of Revenue Growth
Lack of revenue growth suggests difficulty in market penetration and scaling, crucial for long-term viability.
Westwater Resources (WWR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$93.12M
Dividend YieldN/A
Average Volume (3M)11.90M
Price to Earnings (P/E)―
Beta (1Y)0.04
Revenue GrowthN/A
EPS Growth-80.01%
CountryUS
Employees21
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.12
Shares Outstanding86,226,080
10 Day Avg. Volume4,542,717
30 Day Avg. Volume11,896,050
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.31
Price to Sales (P/S)0.00
P/FCF Ratio-3.47
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price Target
$1.75Price Target Upside73.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Westwater Resources Business Overview & Revenue Model
Company DescriptionWestwater Resources, Inc. operates as an energy materials developer. The company holds interests in Coosa graphite project covering an area of approximately 41,965 acres situated in Coosa County, Alabama. The company was formerly known as Uranium Resources, Inc. and changed its name to Westwater Resources, Inc. in August 2017. Westwater Resources, Inc. was incorporated in 1977 and is based in Centennial, Colorado.
How the Company Makes MoneyWestwater Resources makes money through the development and sale of high-purity graphite products, which are used in a variety of applications including electric vehicle batteries, energy storage systems, and other industrial applications. The company's revenue model is centered around mining, processing, and selling these graphite materials to manufacturers and industries that require high-quality graphite for their products. Westwater Resources also engages in strategic partnerships and collaborations with technology companies and manufacturers to enhance its market presence and expand its customer base. These partnerships, along with the growing demand for energy storage solutions, significantly contribute to the company's earnings.
Westwater Resources Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 17, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed sentiment with significant progress in operational and financial aspects, such as advancements at the Kellyton Graphite Plant and a strong cash position. However, there were notable challenges, especially with the termination of a key offtake agreement with Stellantis, affecting the debt syndication process. The company is actively navigating these challenges with an adaptive strategy.Q3-2025 Updates
Positive Updates
Advancements in Kellyton Graphite Plant
Significant progress at the Kellyton Graphite Plant, including the successful launch of the commercial micronizer and shaping mills, and the production of over 1 metric ton of CSPG for customers.
Strong Financial Position
Westwater Resources raised approximately $55 million since June and has a cash balance of about $53 million, providing a solid runway for ongoing projects.
Environmental Leadership
Secured a U.S. patent for an environmentally friendly purification process, underscoring leadership in sustainable domestic battery materials.
Progress at Coosa Deposit
Advancing the permitting process at the Coosa deposit, which is key for strategic growth and vertical integration for processing graphite at Kellyton.
Negative Updates
Termination of Offtake Agreement with Stellantis
Fiat Chrysler Automotive, a division of Stellantis, unexpectedly terminated its offtake agreement, impacting debt syndication reliant on that offtake support.
Challenges in Debt Project Financing
The withdrawal of Stellantis paused the debt syndication process, which was reliant on offtake agreements.
Government Shutdown Impact
The U.S. government shutdown caused delays in the due diligence process for potential funding from the U.S. Export-Import Bank.
Company Guidance
In the recent third-quarter 2025 business update call for Westwater Resources, key metrics and strategic direction were discussed. The company has invested approximately $125 million in developing the Kellyton Graphite Plant, which is part of its strategic effort to optimize ramp-up and align production capacity with existing offtake commitments. Westwater raised around $55 million in the second half of the year through an ATM program and convertible note offering, with a current cash balance of approximately $53 million as of November 5. The company is focused on completing an evaluation of the Kellyton Phase 1 optimization by the fourth quarter and aims to provide updates in early 2026. Furthermore, Westwater is advancing the permitting process for the Coosa deposit, which remains integral to its vertically integrated business model. The company is also exploring potential government funding opportunities, including engaging with the Department of Energy's Critical Materials Innovation initiative, to support its growth and secure the supply chain for battery materials.Westwater Resources Financial Statement Overview
Summary
Westwater Resources faces significant financial challenges with persistent net losses, lack of revenue growth, and negative cash flows. Its strong equity base and low debt levels are positives, but these are overshadowed by the absence of profitability.Income Statement
Westwater Resources has been struggling with negative net income and EBIT over the years, with no revenue reported in recent periods. The absence of revenue growth and continued net losses indicate severe profitability issues, typical for a company in the early or developing stage within the mining industry.15
Very Negative
Balance Sheet
The company's equity position appears strong with a high equity ratio, but the total lack of revenue is concerning. The debt-to-equity ratio is low, indicating low leverage, which is a positive sign. However, the company has reported consistent net losses, impacting return on equity negatively.40
Negative
Cash Flow
Westwater Resources shows negative operating and free cash flows, reflecting challenges in generating cash from operations. The cash flow to net income ratios are concerning, indicating inefficiencies in translating revenue into cash. Cash flow fluctuations suggest potential liquidity issues ahead without corrective measures.20
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -1.34M | 0.00 | 187.00K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -638.00K | -249.00K | -34.00K | -140.00K | -130.00K | -51.00K |
| EBITDA | -18.65M | -12.41M | -7.53M | -11.84M | -16.13M | -13.89M |
| Net Income | -19.21M | -12.66M | -7.75M | -11.12M | -16.14M | -23.57M |
Balance Sheet | ||||||
| Total Assets | 157.73M | 146.36M | 149.83M | 168.41M | 132.98M | 61.94M |
| Cash, Cash Equivalents and Short-Term Investments | 12.91M | 4.27M | 10.85M | 75.20M | 115.29M | 51.84M |
| Total Debt | 10.06M | 235.00K | 357.00K | 91.00K | 235.00K | 363.00K |
| Total Liabilities | 19.71M | 13.23M | 9.39M | 26.44M | 6.79M | 4.47M |
| Stockholders Equity | 138.02M | 133.12M | 140.44M | 141.97M | 126.20M | 57.47M |
Cash Flow | ||||||
| Free Cash Flow | -17.12M | -11.96M | -69.72M | -65.97M | -20.27M | -19.29M |
| Operating Cash Flow | -9.77M | -5.81M | -11.43M | -13.18M | -16.92M | -15.18M |
| Investing Cash Flow | -7.09M | -4.64M | -58.30M | -52.79M | -2.11M | -4.10M |
| Financing Cash Flow | 25.22M | 3.87M | 5.38M | 25.87M | 83.99M | 63.95M |
Westwater Resources Technical Analysis
Negative
1.01
Price Trends
1.29
Negative
1.01
Positive
0.81
Positive
Market Momentum
-0.12
Positive
39.56
Neutral
12.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WWR, the sentiment is Negative. The current price of 1.01 is below the 20-day moving average (MA) of 1.40, below the 50-day MA of 1.29, and above the 200-day MA of 0.81, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 39.56 is Neutral, neither overbought nor oversold. The STOCH value of 12.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WWR.
Westwater Resources Risk Analysis
Westwater Resources disclosed 30 risk factors in its most recent earnings report. Westwater Resources reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Westwater Resources Peers Comparison
UnderperformOutperform
Sector (61)
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80.36%
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LITM
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GTI
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IONR
ioneer Limited Sponsored ADR
4.56
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Westwater Resources Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Westwater Resources Advances Graphite Plant Financing and Study
Positive
Jan 28, 2025
On January 28, 2025, Westwater Resources announced an update on its debt financing efforts for the Kellyton Graphite Processing Plant and the results of its definitive feasibility study for Phase II of the plant. The company received final investment committee approval from the lead lender, although the closing of the debt transaction has been delayed due to significant due diligence. The feasibility study for Phase II reveals estimated capital costs of $453 million and a pre-tax NPV of $1.4 billion, highlighting the project’s long-term potential and its importance in the battery-grade graphite market.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.