Westwater Resources Files S-1

TL;DR

Westwater Resources just filed an S-1, looks like they're raising capital.

AI Summary

Westwater Resources, Inc. filed an S-1 registration statement on September 6, 2024, to register an unspecified amount of securities. The company, formerly known as Uranium Resources Inc. /DE/, is incorporated in Delaware and headquartered in Centennial, Colorado. Steven M. Cates is listed as the Senior Vice President and Chief Financial Officer.

Why It Matters

This S-1 filing indicates Westwater Resources is preparing to offer new securities, which could impact its capital structure and future operations.

Risk Assessment

Risk Level: medium — S-1 filings are typically associated with capital raises, which can introduce dilution or signal financial needs, carrying inherent investment risks.

Key Numbers

• 333-281980 — SEC File Number (Identifies this specific registration statement)
• 75-2212772 — IRS Number (Company's Employer Identification Number)

Key Players & Entities

• WESTWATER RESOURCES, INC. (company) — Registrant
• September 6, 2024 (date) — Filing Date
• Uranium Resources Inc. /DE/ (company) — Former Company Name
• Delaware (jurisdiction) — State of Incorporation
• Centennial, Colorado (location) — Principal Executive Offices
• Steven M. Cates (person) — Senior Vice President and Chief Financial Officer

FAQ

Key Financial Figures

• $30.0 million — s defined herein), we may receive up to $30.0 million aggregate gross proceeds (subject to ce
• $0.52 — f our common stock on NYSE American was $0.52 per share. Investing in our securitie
• $0.001 — tock" means our common stock, par value $0.001 per share. About Westwater Resources,
• $30,000,000 — purchase from us up to an aggregate of $30,000,000 of our common stock (subject to certain

Filing Documents

• tm2422820-1_s1.htm (S-1) — 373KB
• tm2422820d2_ex5-1.htm (EX-5.1) — 21KB
• tm2422820d2_ex23-1.htm (EX-23.1) — 2KB
• tm2422820d2_ex-filingfees.htm (EX-FILING FEES) — 11KB
• lg_westwater-4c.jpg (GRAPHIC) — 17KB
• tm2422820d2_ex5-1img001.jpg (GRAPHIC) — 5KB
• 0001104659-24-097749.txt ( ) — 438KB

RISK FACTORS

RISK FACTORS 10 THE LINCOLN PARK TRANSACTION 13

USE OF PROCEEDS

USE OF PROCEEDS 19 MARKET FOR COMMON STOCK AND DIVIDEND POLICY 20 SELLING STOCKHOLDER 21 PLAN OF DISTRIBUTION 22

DESCRIPTION OF COMMON STOCK

DESCRIPTION OF COMMON STOCK 24 LEGAL MATTERS 26 EXPERTS 26 WHERE YOU CAN FIND MORE INFORMATION 26 INFORMATION INCORPORATED BY REFERENCE 27 i TABLE OF CONTENTS ABOUT THIS PROSPECTUS We have not, and the selling stockholder has not, authorized anyone to provide you with information different from that contained or incorporated by reference in this prospectus or any accompanying prospectus supplement or free writing prospectus, and neither we nor the selling stockholder take any responsibility for any other information that others may give you. We and the selling stockholder are offering to sell these securities and seeking offers to buy these securities only in jurisdictions where offers and sales are permitted. This prospectus and any accompanying supplement to this prospectus do not constitute an offer to sell or the solicitation of an offer to buy any securities other than the registered securities to which they relate. You should not assume that the information contained in this prospectus or any prospectus supplement or free writing prospectus is accurate as of any date other than the date on the front cover of those documents, or that the information contained in any document incorporated by reference is accurate as of any date other than the date of the document incorporated by reference, regardless of the time of delivery of this prospectus or any sale of a security. Our business, financial condition, results of operations and prospects may have changed since those dates. This prospectus relates to the offering of our common stock. Before buying any of our common stock, you should carefully read this prospectus, any supplement to this prospectus, the information and documents incorporated herein by reference and the additional information under the heading "Where You Can Find More Information" and "Information Incorporated by Reference." These documents contain important information that you should consider when making your invest

Use of Proceeds

Use of Proceeds We will receive no proceeds from the sale of shares of our common stock by Lincoln Park pursuant to this prospectus. We may receive up to $30,000,000 in aggregate gross proceeds under the Purchase Agreement from any sales of shares of our common stock we make to Lincoln Park pursuant to the Purchase Agreement after the Commencement Date. We intend to use any net proceeds that we received under the Purchase Agreement for general corporate purposes, which may include advancing the development of Phase I of the Kellyton Graphite Plant and our graphite business, developing the Coosa Graphite Deposit, and making additions to our working capital. It is possible that no shares will be issued under the Purchase Agreement. See "Use of Proceeds" on page 19 of this prospectus for more information. Stock Exchange Listing Our common stock is listed on NYSE American under the symbol "WWR."

Risk Factors

Risk Factors An investment in our common stock involves risks, and prospective investors should carefully consider the matters discussed under "Risk Factors" beginning on page 10 of this supplement and the reports we file with the SEC pursuant to the Exchange Act, incorporated by reference in this prospectus before making an investment in our common stock. (1) The number of shares of common stock is based on 58,970,133 shares outstanding as of September 5, 2024, and excludes, as of September 5, 2024: 7 TABLE OF CONTENTS 649,3