Westwater Resources

Westwater Resources reported Q2 2026 EPS of -$0.03 and a net loss of $4.3 million, with the EPS beating estimates by $0.01. As of June 30 the company had $38.2 million in cash and received a committed EXIM financing facility of $25 million for the first phase of the Kellyton graphite project. Westwater has invested roughly $130 million in phase one so far, estimates the total budget at $245 million and needs about $115 million more to enable commercial production in 2027. Despite the positive EPS surprise, the stock fell premarket; investors are focused on financing risk and the cash burn rate. » Mere på de.investing.com

Westwater Resources reported a Q1 2026 net loss of $4.7 million, or -$0.04 per share, with EPS in line with analyst expectations. The company continued to generate no revenue and held $41.5 million in cash, while the loss rose 74% year over year. Operational progress was recorded at the Kellyton graphite plant, and a key supply agreement with SK On was terminated. Westwater is seeking non-dilutive financing (about $50 million for Phase 1), expects production to start roughly 12 months after funding is secured, and the stock traded slightly higher in premarket trading. » Mere på de.investing.com

Westwater Resources reports the termination of a supply agreement signed in February 2024 with SK On that was to cover part of the phase‑I capacity of the Kellyton graphite plant in Alabama. SK On indicated it is willing to consider future agreements on updated terms; Westwater continues to deliver product samples and is proceeding with construction at the site. The company expects to start battery-graphite production about 12 months after securing the remainder of project financing, but is under significant cash pressure and is rated "WEAK" in the financial assessment. » Mere på de.investing.com