$WWR has been on everyone’s watchlist or timeline over the past few weeks. A chart primed for a big move, the right sector, and geopolitical events/upcoming catalysts make this one to watch. Let’s jump in and learn more.
Westwater Resources $WWR is an explorer/developer of US-based mineral resources essential to clean energy production. $WWR is focused on developing an advanced battery graphite business in the USA (Alabama). Developing a domestic supply chain is huge as demand continues to grow.
Westwater’s price has come down since the Executive Order, but demand for critical minerals shows no sign of slowing down. These minerals are used in everything from from clean/green energy (EV’s to wind turbines) to tech products (iPhones to fighter jets).
In Dec. 2020, $WWR sold it’s North American Uranium Business to enCore Energy Corp. to focus entirely on graphite production. This move is anticipated to save $WWR $4M annually - money that can be used for their graphite operations. https://www.sec.gov/Archives/edgar/data/0000839470/000105291820000386/wwr8kdec31-20.htm
The Biden Administration’s clean/green energy plan and the EV boom are both catalysts, but $WWR has other news to watch out for - purification completion, PMG production, CSPG production, and DEXDG production. 4 potential PR’s in the pipeline. https://finance.yahoo.com/news/westwater-resources-provides-pilot-plant-130000346.html
This week, news broke that China plans to strengthen regulation over the rare metals industry, from mining to exports. The rules state that companies are obligated to follow export control laws and regulations re/ the export and import of rare minerals. https://asia.nikkei.com/Business/Markets/Commodities/China-tightens-rare-earth-regulations-policing-entire-supply-chain
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