<SEC-DOCUMENT>0001052918-20-000017.txt : 20200204
<SEC-HEADER>0001052918-20-000017.hdr.sgml : 20200204
<ACCEPTANCE-DATETIME>20200204163649
ACCESSION NUMBER:		0001052918-20-000017
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200204
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20200204
DATE AS OF CHANGE:		20200204

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:		20574305

	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>wwr8kfeb4-20.htm
<DESCRIPTION>WESTWATER RESOURCES, INC. FORM 8-K
<TEXT>
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<TITLE>Westwater Resources, Inc.</TITLE>
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<DIV style=margin-left:72pt;width:468pt><P style='font:1pt Times New Roman;margin:0'><FONT style=font-size:1pt>&#160;</FONT></P>
<P align=center style='font:2pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:7pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:16pt Times New Roman;margin:0'><B>UNITED STATES</B><BR><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>WASHINGTON, D.C.&#160; 20549</B></P>
<P align=center style='font:16pt Times New Roman;margin-top:9pt;margin-bottom:9pt'><B>FORM&#160;8-K</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>CURRENT REPORT PURSUANT TO</B><BR><B>SECTION&#160;13 OR 15(D)&#160;OF THE</B><BR><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
<P align=center style='font:11pt Times New Roman;margin-top:9pt;margin-bottom:9pt'>Date of Report (Date of earliest event reported):&#160;<B>February 4, 2020</B></P>
<P align=center style='font:16pt Times New Roman;margin:0'><B>WESTWATER RESOURCES,&#160;INC.</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'>(Exact Name of Registrant as Specified in Charter)</P>
<P align=justify style='font:12pt Times New Roman;margin:0'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;margin-left:7.2pt><TR><TD valign=top style='width:144.9pt;padding-left:7.2pt;padding-right:7.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Delaware</B></P>
</TD><TD valign=bottom style=width:17.1pt;padding-left:7.2pt;padding-right:7.2pt><P align=justify style='font:10pt Times New Roman;margin:0'><B>&#160;</B></P>
</TD><TD valign=top style='width:134.6pt;padding-left:7.2pt;padding-right:7.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>001-33404</B></P>
</TD><TD valign=bottom style=width:15.85pt;padding-left:7.2pt;padding-right:7.2pt><P align=justify style='font:10pt Times New Roman;margin:0'><B>&#160;</B></P>
</TD><TD valign=top style='width:144pt;padding-left:7.2pt;padding-right:7.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>75-2212772</B></P>
</TD></TR>
<TR><TD valign=top style='width:144.9pt;padding-left:7.2pt;padding-right:7.2pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(State or Other Jurisdiction</P>
</TD><TD valign=bottom style=width:17.1pt;padding-left:7.2pt;padding-right:7.2pt><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style='width:134.6pt;padding-left:7.2pt;padding-right:7.2pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(Commission File Number)</P>
</TD><TD valign=bottom style=width:15.85pt;padding-left:7.2pt;padding-right:7.2pt><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style='width:144pt;padding-left:7.2pt;padding-right:7.2pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(IRS Employer</P>
</TD></TR>
<TR><TD valign=top style=width:144.9pt;padding-left:7.2pt;padding-right:7.2pt><P align=center style='font:10pt Times New Roman;margin:0'>of Incorporation)</P>
</TD><TD valign=bottom style=width:17.1pt;padding-left:7.2pt;padding-right:7.2pt><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style=width:134.6pt;padding-left:7.2pt;padding-right:7.2pt><P align=center style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style=width:15.85pt;padding-left:7.2pt;padding-right:7.2pt><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style=width:144pt;padding-left:7.2pt;padding-right:7.2pt><P align=center style='font:10pt Times New Roman;margin:0'>Identification No.)</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;margin-left:7.2pt><TR><TD valign=top style='width:227.35pt;padding-left:7.2pt;padding-right:7.2pt;border-bottom:0.5pt solid #000000'><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 style=width:15.4pt;padding-left:7.2pt;padding-right:7.2pt><P align=justify style='font:10pt Times New Roman;margin:0'><B>&#160;</B></P>
</TD><TD valign=bottom style='width:216.9pt;padding-left:7.2pt;padding-right:7.2pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>80112</B></P>
</TD></TR>
<TR><TD valign=top style='width:227.35pt;padding-left:7.2pt;padding-right:7.2pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(Address of Principal Executive Offices)</P>
</TD><TD valign=bottom style=width:15.4pt;padding-left:7.2pt;padding-right:7.2pt><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style='width:216.9pt;padding-left:7.2pt;padding-right:7.2pt;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>(Zip Code)</P>
</TD></TR>
</TABLE>
<P align=center style='font:8pt 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) 531-0516</B></P>
<P align=center style='font:8pt 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 align=center style='font:8pt Times New Roman;margin:0'>&#160;</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:6pt'>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-top:0pt;margin-bottom:6pt;margin-left:18pt'><KBD style='position:absolute;font:10pt MS Mincho;margin-left:-18pt'><FONT style='font-family:MS Mincho'>&#9744;</FONT></KBD>Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:18pt'><KBD style='position:absolute;font:10pt MS Mincho;margin-left:-18pt'><FONT style='font-family:MS Mincho'>&#9744;</FONT></KBD>Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:18pt'><KBD style='position:absolute;font:10pt MS Mincho;margin-left:-18pt'><FONT style='font-family:MS Mincho'>&#9744;</FONT></KBD>Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt;margin-left:18pt'><KBD style='position:absolute;font:10pt MS Mincho;margin-left:-18pt'><FONT style='font-family:MS Mincho'>&#9744;</FONT></KBD>Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:6pt'>Securities registered pursuant to Section 12(b) of the Act:</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=bottom style='width:33.34%;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Title of Each Class</B></P>
</TD><TD valign=bottom style=width:0.82%><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:25.02%;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Trading Symbol(s)</B></P>
</TD><TD valign=bottom style=width:1.68%><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:39.14%;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Name of Each Exchange</B><BR><B>on Which Registered</B></P>
</TD></TR>
<TR><TD valign=top style='width:33.34%;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>Common Stock, $0.001 par value</P>
</TD><TD valign=bottom style=width:0.82%><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='width:25.02%;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>WWR</P>
</TD><TD valign=bottom style=width:1.68%><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='width:39.14%;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>Nasdaq Capital Market</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:6pt'>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b&#8211;2 of this chapter).</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:27pt'>Emerging growth company&#160;&#160;&#160;&#160;<FONT style='font-family:MS Mincho'>&#9744;</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>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.&#160;&#160;&#160;&#160;<FONT style='font-family:MS Mincho'>&#9744;</FONT></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>
<P align=justify style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:0pt'><B>Item 8.01</B></KBD><KBD style=margin-left:63pt></KBD><B>Other Events.</B>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:36pt'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>On February 4, 2020, Westwater Resources, Inc. (&#8220;Westwater&#8221;) announced that it has submitted a Claimant&#8217;s Memorial (the &#8220;Memorial&#8221;) in its arbitration proceeding against the Republic of Turkey (&#8220;Turkey&#8221;). The Memorial relates to Westwater&#8217;s request for arbitration submitted to the International Centre for the Settlement of Investment Disputes (&#8220;ICSID&#8221;) in December 2018 as a result of Turkey&#8217;s unlawful actions against Westwater&#8217;s investments at the Temrezli and Sefaatli uranium projects owned by Westwater&#8217;s Turkish subsidiary Adur Madencilik Limited Sirketi.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>The Memorial sets forth the basis for Westwater&#8217;s claims under the treaty between the United States and Turkey concerning the reciprocal encouragement and protection of investments and international law generally, as well as the basis for the jurisdiction of the tribunal constituted on May 1, 2019 following ICSID&#8217;s registration of Westwater&#8217;s request for arbitration. The Memorial also establishes the reparations owed by Turkey for breach of its international obligations towards Westwater, consisting of no less than $36.5 million, plus costs and post-award interest, as compensation for Westwater&#8217;s resulting loss of its investment. Accompanying the Memorial is an expert report regarding the reparations owed to Westwater. In determining the amount of Westwater&#8217;s loss, the expert report considered (i) the projected future cash flows from the expropriated projects, discounted to present value by a risk-adjusted discount rate, (ii) valuations from transactions for similar projects, and (iii) in the case of the Sefaatli project, the amounts invested in the project.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>Turkey may respond to Westwater&#8217;s Memorial on or before March 9, 2020 with a request for bifurcation, or proceed with filing a Counter-Memorial on or before June 15, 2020. Schedules for additional filings are dependent upon the approach taken by Turkey and the decision of the ICSID tribunal on any request for bifurcation. For example, if bifurcation is requested and denied, a hearing on the merits will be scheduled for September 2021. Alternatively, if bifurcation is not requested, a hearing on the merits will be scheduled for May 2021. Finally, if bifurcation is requested and granted, a hearing on jurisdiction only will be scheduled for March 2021.</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>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt'><B>SIGNATURES</B></P>
<P style='font:11pt Times New Roman;margin:0'>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:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>Dated: February 4, 2020</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><KBD style=margin-left:189pt></KBD><B>WESTWATER RESOURCES, INC.</B>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><KBD style=margin-left:189pt></KBD>By:<FONT style='border-bottom:1px solid #000000'> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Jeffrey L. Vigil &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><KBD style=margin-left:189pt></KBD>Name: &nbsp;Jeffrey L. Vigil&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0'><KBD style=margin-left:189pt></KBD>Title: &nbsp;&nbsp;&nbsp;Vice President&#8211;Finance and Chief Financial Officer&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
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