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Westwater Resources Announces Optimized Business Plan for Graphite Battery Materials Opportunity
Mar. 01, 2018 10:23AM PST
Battery MetalsWestwater Resources (Nasdaq: WWR) (“WWR” or “Westwater”) is pleased to announce the completion of an initial optimization study of Alabama Graphite Corp.’s Coosa Graphite Project and the development of an enhanced business plan for its advancement. WWR is in the process of acquiring Alabama Graphite Corp. (“AGC”), with the transaction expected to close during Q2 …
Westwater Resources (Nasdaq: WWR) (“WWR” or “Westwater”) is pleased to announce the completion of an initial optimization study of Alabama Graphite Corp.’s Coosa Graphite Project and the development of an enhanced business plan for its advancement. WWR is in the process of acquiring Alabama Graphite Corp. (“AGC”), with the transaction expected to close during Q2 2018.
As quoted in the press release:
Economic Improvements to the Coosa Project compared to AGC’s 2015 Preliminary Economic Assessment:
• Reduced initial capital expenditures by almost one-third to $30.0 million from $43.4 million.
• Increased the net present value (discounted at 8%) to $490 million from $444 million.
• Advanced revenues to 2020 from 2022.
• Advanced positive cash flow to 2021 from 2022.
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