<SEC-DOCUMENT>0001052918-19-000050.txt : 20190315
<SEC-HEADER>0001052918-19-000050.hdr.sgml : 20190315
<ACCEPTANCE-DATETIME>20190315171602
ACCESSION NUMBER:		0001052918-19-000050
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190312
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
FILED AS OF DATE:		20190315
DATE AS OF CHANGE:		20190315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WESTWATER RESOURCES, INC.
		CENTRAL INDEX KEY:			0000839470
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				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:		19685927

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>wwr8kmar15-19.htm
<DESCRIPTION>WESTWATER RESOURCES, INC. FORM 8-K
<TEXT>
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<DIV style=margin-left:72pt;width:468pt><HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:18pt Times New Roman;margin:0'><B>UNITED STATES</B><BR><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>WASHINGTON, D.C.&#160; 20549</B></P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=center style='font:18pt Times New Roman;margin:0'><B>FORM&#160;8-K</B></P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>CURRENT REPORT PURSUANT TO</B></FONT><BR><FONT style=font-size:10pt><B>SECTION&#160;13 OR 15(D)&#160;OF THE</B></FONT><BR><FONT style=font-size:10pt><B>SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>Date of Report (Date of earliest event reported):&#160;<B>March 12, 2019</B></P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=center style='font:18pt Times New Roman;margin:0'><FONT style='font:18pt Times'><B>WESTWATER RESOURCES,&#160;INC.</B></FONT><BR> (Exact Name of Registrant as Specified in Charter)</P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'><B>Delaware</B></P>
</TD><TD valign=bottom><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'><B>001-33404</B></P>
</TD><TD valign=bottom><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'><B>75-2212772</B></P>
</TD></TR>
<TR><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>(State or Other Jurisdiction</P>
</TD><TD valign=bottom><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>(Commission File Number)</P>
</TD><TD valign=bottom><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>(IRS Employer</P>
</TD></TR>
<TR><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>of Incorporation)</P>
</TD><TD valign=bottom><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P align=center style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>Identification No.)</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'><B>6950 S. Potomac Street, Suite&#160;300</B><BR><B>Centennial, Colorado</B></P>
</TD><TD valign=bottom><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom><P align=center style='font:10pt Times New Roman;margin:0'><B>80112</B></P>
</TD></TR>
<TR><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>(Address of Principal Executive Offices)</P>
</TD><TD valign=bottom><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>(Zip Code)</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>Registrant&#8217;s telephone number, including area code:<B> (303) 531-0518</B></P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>(Former Name or Former Address, if Changed Since Last Report)</P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0'>Check the appropriate box below if the Form&#160;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):</P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:18pt'><FONT style=font-family:Wingdings>&#111;</FONT><FONT style=font-size:3pt>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </FONT>Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:18pt'><FONT style=font-family:Wingdings>&#111;</FONT><FONT style=font-size:3pt>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </FONT>Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:18pt'><FONT style=font-family:Wingdings>&#111;</FONT><FONT style=font-size:3pt>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </FONT>Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:18pt'><FONT style=font-family:Wingdings>&#111;</FONT><FONT style=font-size:3pt>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </FONT>Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style='font:10pt Times;margin-top:12pt;margin-bottom:12pt'>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule&#160;405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </P>
<P style='font:10pt Times;margin-top:12pt;margin-bottom:12pt'>Emerging growth company&#160;<FONT style=font-family:Wingdings>&#111;</FONT></P>
<P style='font:10pt Times;margin-top:12pt;margin-bottom:12pt'>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&#160;13(a) of the Exchange Act.&#160;<FONT style=font-family:Wingdings>&#111;</FONT></P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:18pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>  </FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> </FONT>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:10pt Times New Roman;margin:0'><B>Item 3.01.&#160; Notice of Delisting or Failure to Satisfy a Continued Listing Rule&#160;or Standard; Transfer of Listing.</B></P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0'>As previously announced, on March 13, 2018, the Nasdaq Stock Market (&#8220;Nasdaq&#8221;) notified Westwater Resources, Inc. (the &#8220;Company&#8221;) that it did not meet Nasdaq&#8217;s $1.00 per share minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the &#8220;Rule&#8221;) for continued listing on the Nasdaq Capital Market, and the Company was given an initial grace period of 180 days, or until September 10, 2018, to regain compliance with the Rule. Subsequently, on September 12, 2018, the Company was provided an additional 180 day compliance period, or until March 11, 2019, to regain compliance with the Rule.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>On March 12, 2019, the Company received a letter from the Listing Qualifications Staff of Nasdaq (the &#8220;Staff&#8221;) notifying the Company that, based upon the Company&#8217;s continuing non-compliance with the Rule, the Staff had determined that the Company&#8217;s common stock would be delisted from Nasdaq unless the Company timely requests an appeal of such determination to a Nasdaq hearings panel.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>The Company has appealed the Staff&#8217;s determination by requesting a hearing before a Nasdaq hearings panel, which hearing is currently scheduled for May 2, 2019. While the appeal is pending, the Company&#8217;s common stock will continue to trade on Nasdaq under the symbol &#8220;WWR.&#8221; There can be no assurance that the hearings panel will grant the Company&#8217;s request for continued listing. If the Company&#8217;s common stock ceases to be listed for trading on Nasdaq, the Company expects that its common stock would be traded on the over-the-counter market.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt'>Delisting from the Nasdaq Capital Market could adversely affect the Company&#8217;s ability to raise additional financing through the public or private sale of equity securities, significantly affect the ability of investors to trade its common stock and negatively affect the value and liquidity of its common stock. The Company could also face other adverse consequences if its common stock were delisted including, among others:</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>a limited availability of market quotations for its common stock;&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>a determination that the Company&#8217;s common stock is a &#8220;penny stock&#8221; which will require brokers trading in the common stock to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for the Company&#8217;s securities;&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>a limited amount of news and little or no analyst coverage for the Company; and&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>a decreased ability to issue additional securities (including pursuant to short-form registration statements on Form S-3), the loss of the ability to issue securities in &#8220;at-the-market&#8221; offerings (including pursuant to the Controlled Equity Offering<SUP>SM</SUP> Sales Agreement between the Company and Cantor Fitzgerald &amp; Co.), or obtain additional financing in the future.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>  </FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> </FONT>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>SIGNATURES</B></P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'>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.</P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0'>Dated: March 15, 2019</P>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<TABLE style=border-collapse:collapse;width:100%><TR><TD valign=top><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD colspan=2 valign=top><P style='font:10pt Times New Roman;margin:0'>WESTWATER RESOURCES,&#160;INC. </P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD colspan=2 valign=top><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD colspan=2 valign=top><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=top><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>By:</P>
</TD><TD valign=top style='border-bottom:1pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>/s/ Jeffrey L. Vigil</P>
</TD></TR>
<TR><TD valign=top><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Name:</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Jeffrey L. Vigil</P>
</TD></TR>
<TR><TD valign=top><P style='font:1pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Title:</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Vice President&#8212;Finance and Chief Financial Officer</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>  </FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> </FONT>&nbsp;</P>
</DIV>
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