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CENTENNIAL, Colo., February 19, 2019 – Westwater Resources, Inc. (“Westwater,” or the “Company”) (Nasdaq: WWR), an energy materials development company, announced its results for fiscal year 2018, and provided an outlook on its energy minerals business development for 2019.
Christopher M. Jones, President and Chief Executive Officer, said, “We are pleased with our accomplishments in 2018, including our acquisition and integration of Alabama Graphite Corp., which gives us an advantage in a key component of electrical storage devices. We ended 2018 with the discovery of substantial vanadium mineralization on our existing mineral leases in Alabama. We are making progress on all fronts; many facets of Westwater’s business are developing simultaneously. Collectively, I believe these factors will continue to benefit our business and further advance Westwater all while maximizing shareholder value.”
Highlights for 2018 and to Date
Westwater Announces Reclamation Milestone at Vasquez
The Texas Commission on Environmental Quality Releases Surety Bond in the amount of $208,657 for Vasquez Wellfield Plugging
CENTENNIAL, Colo., March 4, 2019 – Westwater Resources, Inc. (“Westwater,” or the “Company”) (Nasdaq: WWR), an energy materials development company, today announced that the Texas Commission on Environmental Quality (TCEQ) has certified that the third phase of site reclamation (plugging of production wells) is complete and released a surety bond posted by the Company in the amount of $208,657. This surety bond is collateralized with cash at a rate of 40%.
Christopher M. Jones, President and CEO of Westwater Resources, stated “This important milestone involved the complete reclamation of 844 wells formerly used for production and water quality monitoring. Surface reclamation of the site and the waste disposal well are expected later this year. Reclamation completion and state approval of our work in Texas, like that at Vasquez and Rosita, are hallmarks of our commitment to being a sustainable and responsible part of the community.”
The Vasquez Project in Duval County, Texas was acquired in 1990, with production initiated in the fall of 2004. After four years of uranium production, groundwater restoration was begun. The ground water restoration process involves repeated filtration of the water in the aquifer. This ensures that the groundwater meets state standards. Restoration was completed after ten years of work in 2014. TCEQ approved the company’s groundwater restoration efforts in 2017, and the well plugging phase was initiated at that time. This phase was completed that year.
Final reclamation efforts, including surface work and the reclamation of a waste disposal well at Vasquez are expected to be complete later this year. Once that work is certified as complete by the TCEQ, we will follow up with a request for surety bond release on that phase, much as we have on previous phases.
This success follows a similar reclamation milestone achievement earlier this year at our Rosita property, also in Texas.
Uranium Royalty Corp. to buy four royalties on uranium properties located in South Dakota, Wyoming and New Mexico and a promissory note due 2020 for $2.75 million
CENTENNIAL, Colo., March 7, 2019 – Westwater Resources, Inc. (“Westwater,” or the “Company”) (Nasdaq: WWR), an energy materials development company, today announced that Uranium Royalty Corp. (URC) and its US subsidiary have together agreed to purchase royalties owned by Westwater on future uranium production from mineral properties in South Dakota, Wyoming and New Mexico, as well as a promissory note in the amount of $2.0 million and the related mortgage that the Company holds on the Church Rock and Crownpoint, New Mexico properties of Laramide Resources. Uranium Royalty Corp. and its US subsidiary have agreed to purchase these interests for collective total consideration of $2.75 million, including $0.5 million paid at signing. The balance of $2.25 million will become due and payable at the earlier of June 30, 2019 or following the date upon which the closing conditions are satisfied.
Christopher M. Jones, President and CEO of Westwater, stated “We continue to opportunistically manage our assets, with the goal of maximizing value to our shareholders. In this instance, we divested our non-core holdings for immediate cash consideration. This transaction monetizes our uranium royalty portfolio and moves forward income from 2020 to 2019. Uranium Royalty’s unique model for funding uranium projects is well-timed for the industry. This is a win-win for both our companies."
The Westwater Royalty Portfolio being sold to URC under the Asset Purchase Agreement consists of:
The sale also includes a promissory note secured by a mortgage held by Westwater on Laramide Resources’ Church Rock and Crownpoint, New Mexico uranium properties, with four remaining payments due through maturity on January 5, 2020. Westwater will be entitled to retain any interest payments on the promissory note made before the closing of the transaction.
US9616841071 Westwater Resources Inc. 23.04.2019 US9616842061 Westwater Resources Inc. 24.04.2019 Tausch 50:1
neue WKN, kann der MOD von Ariva die Foren zusammen legen!?
Vanadium Graphit, Lithium, Uran...
Präsentation vom 8.Mai 2019