Westwater Resources announces off-take agreement for sale of 100% of Fines graphite production from its Kellyton plant
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Westwater has now contracted with Hiller Carbon, a leading supplier of pelletized materials to the steel and foundry industries, to supply 100% of its natural graphite Fines production.
With this most recent binding off-take agreement and the previously announced CSPG off-take agreements with Stellantis and SK ON, Westwater has now sold 100% of all materials produced from its Kellyton Phase 1 plant.
On Tuesday Westwater Resources Inc., an energy technology and battery-grade natural graphite company, announced the execution of a binding off-take agreement for the supply of its Fines material with Hiller Carbon.
Pursuant to the terms of the off-take agreement, Westwater will supply natural graphite Fines material from its Kellyton Graphite Plant located near Kellyton to Hiller Carbon’s plants located within the U.S.
Graphite Fines are produced during the CSPG spherodizing process, one of the processing steps related to producing Westwater’s battery anode natural graphite, which remains the company’s main focus.
Under the terms of the off-take agreement, Hiller Carbon will purchase, on an annual basis, 100% of Westwater’s Phase I Fines production which is expected to be approximately 14,000 mt/year.
With the previously announced CSPG off-take agreements with Stellantis and SK On accounting for all of its anticipated battery anode material production, Westwater has now secured off-take agreements for the sale of 100% of both its CSPG and Fines Phase I production.
“Our graphite products specifically support current and future green carbon initiatives. We are excited to partner with Westwater Resources, a new and important natural graphite producer based in the U.S. Securing a local, reliable and long-term source for this critical material is significant for our business and positions both our companies for long-term success,” said Martin (Marty) Hiller, executive chair of Hiller Carbon.
Jon Jacobs, Westwater’s chief commercial officer, added, “We are honored to work with the great team at Hiller Carbon. This deal represents our final commercial agreement for securing purchase commitments for all of our Phase I output and positions us to finalize the remainder of our construction financing.”
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 Resource’s Coosa Graphite Deposit is the most advanced natural flake graphite deposit in the contiguous United States and is located across 41,965 acres (about 17,000 hectares) in Coosa County. For more information, visit westwaterresources.net.
About Hiller Carbon
Hiller Carbon is a major supplier of carbon products to Electric Arc Furnace (EAF) steel, foundry and specialty industrial users in domestic U.S. and international markets. Founded in 1975, the company’s distribution network supplies critical products such as anthracite coal, petroleum coke and graphite. For additional information, visit www.hillercarbon.com.
