# EDGAR Filing Document

**Accession Number:** 0000839470
**File Stem:** 0001104659-25-108556
**Filing Date:** 2025-11
**Character Count:** 14635
**Document Hash:** 3be96b6156d2a67e07128cc5588f43e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-108556.hdr.sgml**: 20251107

**ACCESSION NUMBER**: 0001104659-25-108556

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251103

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251107

**DATE AS OF CHANGE**: 20251107

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WESTWATER RESOURCES, INC.
- **CENTRAL INDEX KEY:** 0000839470
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 752212772
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33404
- **FILM NUMBER:** 251463473

**BUSINESS ADDRESS:**
- **STREET 1:** 6950 S. POTOMAC STREET
- **STREET 2:** SUITE 300
- **CITY:** CENTENNIAL
- **STATE:** CO
- **ZIP:** 80112
- **BUSINESS PHONE:** (303) 531-0470

**MAIL ADDRESS:**
- **STREET 1:** 6950 S. POTOMAC STREET
- **STREET 2:** SUITE 300
- **CITY:** CENTENNIAL
- **STATE:** CO
- **ZIP:** 80112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** URANIUM RESOURCES INC /DE/
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): **November 3, 2025**

**WESTWATER RESOURCES, INC.**

(Exact Name of Registrant as Specified in Charter)

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Delaware** | &nbsp;&nbsp;**001-33404** | &nbsp;&nbsp;**75-2212772** |
| &nbsp;&nbsp;(State or Other Jurisdiction | &nbsp;&nbsp;(Commission File Number) | &nbsp;&nbsp;(IRS Employer |
| &nbsp;&nbsp; of Incorporation) |  | &nbsp;&nbsp;Identification No.) |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;**6950 S. Potomac Street, Suite 300**<br> **Centennial, Colorado** | &nbsp;&nbsp;**80112** |
| &nbsp;&nbsp;(Address of Principal Executive Offices) | &nbsp;&nbsp;(Zip Code) |

---

Registrant's telephone number, including area code: **(303) 531-0516**

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange**<br> **on Which Registered** |
| Common Stock, $0.001 par value | WWR | NYSE American |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

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| | |
|:---|:---|
| **Item 1.02** | **Termination of a Material Definitive Agreement** |

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As previously disclosed, on July 17, 2024, Alabama Graphite Products, LLC ("AGP"), a wholly owned subsidiary of Westwater Resources, Inc. (the "Company" and together with AGP, the "Companies") and FCA US LLC ("FCA") entered into a Binding Offtake Agreement (the "Offtake Agreement"), pursuant to which FCA would purchase CSPG natural graphite anode products from AGP. On November 3, 2025, the Companies received written notice from FCA informing the Companies of FCA's termination of the Offtake Agreement effective immediately.

We dispute FCA's right to terminate the Offtake Agreement and reserve our rights with respect to such termination.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure** |

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On November 7, 2025, the Company issued a press release regarding a strategic update.

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.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits** |

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| | |
|:---|:---|
| (d) Exhibits | (d) Exhibits |
| [99.1](tm2530603d1_ex99-1.htm) | [Press release dated November 7, 2025.](tm2530603d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). |

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**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: November 7, 2025

---

| | |
|:---|:---|
| **WESTWATER RESOURCES, INC.** | **WESTWATER RESOURCES, INC.** |
| By: | /s/ Steven M. Cates |
| Name: | Steven M. Cates |
| Title: | Senior Vice President-Finance and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](tm2530603d1_ex99-1img001.jpg)

**Westwater Resources Announces Strategic Update**

Westwater Secures $55 Million in Capital Funding Since Mid-2025

Announces Third Quarter Investor Call

**Centennial, CO – November 7, 2025: Westwater Resources, Inc. (NYSE American: WWR)**, an energy technology and critical minerals company, focused on developing battery-grade natural graphite ("Westwater," "Westwater Resources," or the "Company"), today announced a strategic update.

On November 3, 2025, FCA US LLC ("FCA"), which is a subsidiary of Stellantis N.V. ("Stellantis"), unexpectedly terminated its Binding Offtake Agreement with the Company dated July 17, 2024. Stellantis was one of three companies, including SK On and Hiller Carbon, with existing offtake agreements with Westwater.

*"Collectively, our offtake agreements with Stellantis, SK On, and Hiller Carbon supported our ongoing debt syndication,"* said Terence Cryan, Executive Chairman of Westwater Resources*. "However, due to Stellantis's unexpected termination, the debt syndication is now paused, although our engagement with EXIM and other government agencies regarding financing opportunities is ongoing. In response to these developments, we are focused on optimizing the Kellyton Plant to meet our current offtake commitments, which should reduce the total capital needed to complete Phase I."*

Efforts are now underway to optimize capital investment for Phase I of the Kellyton Graphite Plant ("Kellyton Plant"). The intention is to adjust processing capacity to match the existing offtake agreements and available financing in this initial phase. This strategy is expected to lower the plant's initial capacity and, in turn, decrease the total capital and reduce the time needed to reach commercial production. The Company expects to complete this optimization evaluation by the end of the year and plans to provide an update to the market in early 2026.

Both of the offtake agreements with SK On and Hiller Carbon remain in effect. While FCA has indicated they are open to reconsidering a new arrangement with the Company, any future agreement would be based on current market conditions. The Company continues to explore additional offtake opportunities with other prospective customers and are providing them with samples as part of its ongoing engagement.

**Financing Update**

Since June 30, 2025, Westwater has raised approximately $55 million through its at-the-market ("ATM") program and a series of convertible note offerings, with a current cash balance of approximately $53 million as of November 5, 2025. Substantially all of the funds were raised through the ATM before the Company filed to increase the size of its ATM program to $75 million on October 17, 2025.

*"As fellow stockholders, we are mindful of dilution while recognizing the importance of maintaining sufficient liquidity to advance our strategic initiatives,"* said Steve Cates, Chief Financial Officer of Westwater Resources*. "The additional liquidity we raised after June 30 was driven by strong investor interest in critical minerals and Westwater's positioning as one of the most advanced U.S.-based natural graphite developers with early market mover advantages."*

The additional liquidity will allow the Company to navigate its optimization of Phase I of the Kellyton Plant, fund additional equipment purchases, support ongoing permitting activities at its Coosa Graphite Deposit, and continue evaluation of potential government funding.

As previously announced, Westwater filed an application with the U.S. Export-Import Bank ("EXIM") related to the Kellyton Plan, which started EXIM's due diligence process. This process continued during the third quarter but has since been delayed due to the recent U.S. government shutdown.

In addition to the EXIM loan application, Westwater has engaged advisors to support ongoing efforts to secure other sources of government funding that may be available to the Company.

Mr. Cryan concluded: *"We are focused on completing our evaluation of optimizing Phase I of the Kellyton Plant in light of our existing offtake agreements and available financing. That said, we remain actively engaged with interested customers for potential additional offtake opportunities and continue to push forward on permitting activities for the Coosa deposit. The U.S. domestic battery materials sector is still in its infancy, and we are at its forefront, navigating the challenges that come with developing an industry at this early stage. Fundamentally, we're confident in our ability to adapt and move forward effectively."*

**Conference Call**

Management will host a conference call to provide a business update on November 13, 2025, at 9:00AM Eastern Standard Time.

The Company encourages investors to submit questions in advance of the call to the Investor E-mail inbox at <u>investorrelations@westwaterresources.net</u>.

Webcast Link: <u>https://event.choruscall.com/mediaframe/webcast.html?webcastid=bHo2o5s6</u>

Dial-Ins:

USA / Canada Toll Free: 1-833-752-3988

International Dial-In: 1-647-849-3183

**Conference Call Replay**

(Available until November 20, 2025)

USA / Canada Toll Free: 1-855-669-9658

International Toll: 1-412-317-0088

Replay Access Code: 6098873

**About Westwater Resources, Inc.**

Westwater Resources is an energy technology and critical minerals 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 Resources' 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 (~17,000 hectares) in Coosa County, Alabama. For more information, visit <u>westwaterresources.net</u>.

**Cautionary Statement Regarding Forward-Looking Statements**

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "update," "paused," "ongoing," "developments," "optimizing," "intention," "should reduce," "match," "lower," "decrease," "increase," "reduce," expects," "current market," "prospective," "approximately," "substantially," "strong investor interest," "sufficient liquidity," "optimization," "ongoing," "evaluation," "delayed," "actively engaged," "potential," "navigating," "developing," "move forward," "effectively," and other similar words or phrases. Forward looking statements include, among other things, statements concerning: evaluation and optimization of Phase I of the Kellyton Plant, including adjustments to processing capacity, capital requirements, and timeline; potential debt syndication efforts, including its timing; the construction and operation of the Kellyton Graphite Plant, the Company's Coosa Graphite Deposit and the costs, schedules, production and economic projections associated with them; incentives, policy decisions and tariffs by the federal government including their impact on capital markets in general and our business specifically; plans for advancing the letter of interest received from EXIM and the formal loan application submitted to EXIM, and EXIM's efforts to complete its due diligence, underwriting and finalization of the terms and conditions of any possible loan; and our plans to secure other sources of government funding. The Company cautions that there are factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no assurance that such suggested results will be realized. Additional factors and forward-looking information is discussed in Westwater's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent securities filings, and they could cause actual results to differ materially from management expectations

**Contacts** 

Westwater Resources, Inc.

Email: Info@WestwaterResources.net

**Investor Relations**<br> Email: <u>Investorrelations@westwaterresources.net</u>

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