WESTWATER RESOURCES Enters Material Definitive Agreement

Ticker: WWR · Form: 8-K · Filed: 2024-02-05T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, corporate-action

TL;DR

**Westwater Resources just signed a big deal, details pending, could be a game-changer.**

AI Summary

WESTWATER RESOURCES, INC. filed an 8-K on February 5, 2024, reporting an "Entry into a Material Definitive Agreement" as of February 4, 2024. This filing indicates a significant new contract or partnership that could impact the company's operations or financial standing. For investors, this matters because material agreements often signal new revenue streams, strategic shifts, or substantial commitments, which could affect the stock's future performance and valuation.

Why It Matters

This filing signals a new, potentially impactful agreement for Westwater Resources, which could lead to new business opportunities or financial obligations. Investors should monitor for details of this agreement as it could significantly influence the company's future prospects.

Risk Assessment

Risk Level: medium — The filing indicates a material agreement but lacks specific details, creating uncertainty about its financial impact and implications for the company.

Analyst Insight

A smart investor would await further disclosures from WESTWATER RESOURCES, INC. regarding the specifics of this "Material Definitive Agreement" before making any investment decisions, as the current filing lacks the necessary details to assess its impact.

Key Players & Entities

FAQ

What is the specific nature of the "Material Definitive Agreement" entered into by WESTWATER RESOURCES, INC.?

The filing states that WESTWATER RESOURCES, INC. entered into a "Material Definitive Agreement" but does not provide specific details about the nature of the agreement, its terms, or the parties involved. It only indicates the event occurred on February 4, 2024.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on February 4, 2024, which is the date the "Material Definitive Agreement" was entered into.

What is the business address of WESTWATER RESOURCES, INC. as stated in the filing?

The business address of WESTWATER RESOURCES, INC. is 6950 S. Potomac Street, Suite 300, Centennial, Colorado 80112.

Under which SEC Act is this 8-K filed?

This 8-K is filed under the Securities Exchange Act of 1934, pursuant to Section 13 or 15(D).

What is the Central Index Key (CIK) for WESTWATER RESOURCES, INC.?

The Central Index Key (CIK) for WESTWATER RESOURCES, INC. is 0000839470.

Filing Stats: 706 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-02-05 06:30:23

Key Financial Figures

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On February 4, 2024, Westwater Resources, Inc. (the "Company") and SK On Co., Ltd. ("SK On") entered into a Products Procurement Agreement (the "Procurement Agreement"). Pursuant to the terms of the Procurement Agreement, SK On will purchase CSPG-10 natural graphite anode products (the "Product") from the Company. Under the terms of the Procurement Agreement, SK On will be obligated to purchase, on an annual basis, a quantity of Product equal to a percentage of the forecasted volume required by SK On (the "Minimum Purchase Amount"), provided that the Minimum Purchase Amount may be increased from time to time by the mutual agreement of the parties. The forecasted volumes required by SK On are set forth on Schedule 2 of the Procurement Agreement and the forecasted volume in the final year of the Procurement Agreement is 10,000 mt of Product. The foregoing description of the Procurement Agreement is qualified in its entirety by reference to the full text of the Procurement Agreement which is filed with this Current Report on Form 8-K as Exhibit 10.1.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On February 5, 2024, the Company issued a press release announcing entry into the Procurement Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information contained in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01

Item 9.01

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits 10.1 Products Procurement Agreement between the Company and SK On Co., Ltd. 99.1 Press release dated February 5 , 2024. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 5 , 2024 WESTWATER RESOURCES, INC. By: /s/ Steven M. Cates Name: Steven M. Cates Title: Senior Vice President–Finance and Chief Financial Officer

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