Special to the News
Last Thursday Westwater Resources announced an increase in customer interest relating to off-take supply agreements for its natural graphite battery anode materials.
The global landscape for the U.S. supply of critical materials like natural graphite continues to evolve. One of the key benefits of moving to a domestic supply source for battery grade natural graphite – security of supply – appears to be resonating with U.S. cell makers and electric vehicle OEMs.
Westwater is responding to outreaches from these companies as they weigh the impact of potential changes to the Inflation Reduction Act versus new announcements declaring the importance of U.S.-based critical material supply chains.
Jon Jacobs, Westwater’s chief commercial officer, commented, “The growing risk of increased tariffs on Chinese imports and the potential addition of new tariffs on imports from other countries is accelerating our off-take discussions with new customers. Although the company still has roughly 50% of our expanded Phase II capacity at the Kellyton Plant available, we anticipate that remaining capacity will be sold by the end of this year through one or more off-take agreements that are under review now at several companies.”
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 largest and most advanced natural flake graphite deposit in the contiguous United States and is located across 41,965 acres in Coosa County. For more information, visit westwaterresources.net.
