<SEC-DOCUMENT>0001052918-20-000105.txt : 20200430
<SEC-HEADER>0001052918-20-000105.hdr.sgml : 20200430
<ACCEPTANCE-DATETIME>20200430090017
ACCESSION NUMBER:		0001052918-20-000105
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200430
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200430
DATE AS OF CHANGE:		20200430

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:		20833426

	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>wwr8kapr30-20.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:54pt;width:504pt><HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:12pt 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:12pt 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>April 30, 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:22.25pt;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:22.25pt;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:22.25pt;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:22.25pt;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:22.25pt;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:22.25pt;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:23.75pt;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:23.75pt;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: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) 531-0516</B></P>
<P align=center 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 align=center style='font:10pt 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:2pt Times New Roman;margin:0'><FONT style=font-size:10pt>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  &nbsp;&nbsp;13(a) of the Exchange Act.&#160;&#160;&#160;&#160;</FONT><FONT style='font:10pt 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:10.5pt 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 April 30, 2020, Westwater Resources, Inc. (the &#8220;Company&#8221;) issued a press release announcing an order from a tribunal appointed by the International Centre for Settlement of Investment Disputes (ICSID) that denied a request made by the Republic of Turkey to bifurcate the arbitration proceeding.&#160;A copy of the press release is attached hereto as Exhibit 99.1.</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'>For more information regarding the arbitration, please refer to the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the Securities and Exchange Commission on February 14, 2020 and amended on February 28, 2020.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&#160;&#160;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'><B>Item 9.01 Financial Statements and Exhibits.</B></P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>(d) The following exhibits are filed with this Current Report:</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&#160;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:76.4pt;padding:0.75pt><P align=justify style='font:11pt Times New Roman;margin:0'><B>Exhibit No.</B></P>
</TD><TD valign=top style=width:393.1pt;padding:0.75pt><P align=justify style='font:11pt Times New Roman;margin:0'><B>Description</B></P>
</TD></TR>
<TR><TD valign=top style=width:77.4pt;padding:0.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>99.1</P>
</TD><TD valign=top style=width:401.4pt;padding:0.75pt><P align=justify style='font:11pt Times New Roman;margin:0'><A href=ex99-1.htm style=text-decoration:none><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'>Press Release dated April 30, 2020</FONT></A>.</P>
</TD></TR>
</TABLE>
<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: April 30, 2020</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;margin-left:216pt'><B>WESTWATER RESOURCES, INC.</B></P>
<P style='font:11pt Times New Roman;margin:0;margin-left:216pt'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;margin-left:216pt'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;margin-left:216pt'>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;</FONT></P>
<P style='font:11pt Times New Roman;margin:0;margin-left:216pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:0pt'>Name:</KBD><KBD style=margin-left:40.5pt></KBD>Jeffrey L. Vigil&nbsp;</P>
<P style='font:11pt Times New Roman;margin:0;margin-left:256.5pt'><KBD style='position:absolute;font:11pt Times New Roman;margin-left:-40.5pt'>Title:</KBD>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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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>NEWS RELEASE
<TEXT>
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<DIV style=margin-left:54pt;width:504pt><P align=right style='font:11pt Times New Roman;margin:0;color:#000000'><FONT style=background-color:#FFFFFF>Exhibit 99.1</FONT></P>
<P align=right style='font:11pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:14pt Times New Roman;margin:0;color:#000000'><FONT style=background-color:#FFFFFF><B><IMG src=ex9911.jpg width=640 height=70 alt='Picture 1' title='Picture 1'></B></FONT>&nbsp;</P>
<P align=center style='font:14pt Times New Roman;margin:0;color:#000000'><FONT style=background-color:#FFFFFF><B>WESTWATER RESOURCES PREVAILS IN KEY DECISION</B></FONT></P>
<P align=center style='font:14pt Times New Roman;margin:0;color:#000000'><FONT style=background-color:#FFFFFF><B>IN THE INTERNATIONAL ARBITRATION AGAINST TURKEY</B></FONT></P>
<P align=justify style='font:8pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:14pt Times New Roman;margin:0;color:#000000'><FONT style=background-color:#FFFFFF><B><I>ICSID Tribunal Declines to Bifurcate Proceeding</I></B></FONT></P>
<P align=center style='font:8pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'><B>CENTENNIAL, Colo.,</B> April 30, 2020, Westwater Resources, Inc. (Nasdaq: WWR), an energy materials development company, announced that the tribunal appointed by the International Centre for Settlement of Investment Disputes (ICSID) has issued a procedural order that denies a request made by the Republic of Turkey to bifurcate the arbitration proceeding. &nbsp;As a result, a hearing on the merits is now scheduled for September 2021.</P>
<P align=justify style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'>In December 2018, Westwater invoked the provisions of the bilateral investment treaty between Turkey and the United States and filed for international arbitration before ICSID as a result of the decision by the Turkish government to revoke seven uranium licenses held Adur Madencilik Ltd. (&#8220;Adur&#8221;), a wholly-owned subsidiary of Westwater, located in Turkey. &nbsp;In March 2020, Turkey requested that the arbitral tribunal bifurcate the arbitration and decide two jurisdictional issues first, a procedural move that would have delayed the arbitration and potentially avoided a hearing to quantify damages. &nbsp;In its request, Turkey alleged that Westwater&#8217;s purchase of Adur in 2015 did not qualify as an investment in Turkey protected by the treaty, and also alleged that Westwater filed its arbitration demand too early.</P>
<P align=justify style='font:11pt Times New Roman;margin-top:5pt;margin-bottom:5pt;color:#000000'>In Procedural Order #2 issued on April 28, 2020, the arbitral tribunal denied Turkey&#8217;s bifurcation request and commented that Turkey&#8217;s jurisdictional objections that Westwater&#8217;s acquisition of Adur did not qualify as a proper investment in Turkey, was &#8220;standard fare&#8221; in investor state arbitration. &nbsp;With regard to that objection, the arbitral tribunal found Turkey&#8217;s position &#8220;would, if accepted, create great complexity&#8221; by &#8220;creating a chequerboard of rights&#8221; that did not fit with &#8220;public international law concepts of State responsibility.&#8221; &nbsp;On the issue of the timing of the commencement of the arbitration, the arbitral panel observed that &#8220;providing for a further period of negotiation would be, and would have been futile.&#8221; &nbsp;As a result of this decision, the tribunal will make a final decision on both objections in the course of the arbitration, rather than delaying proceedings to consider them separately. &nbsp; &nbsp;&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'>Christopher M. Jones, President and Chief Executive Officer, commented, &#8220;This step forward in our case for compensation from Turkey is important to Westwater and our investors. &nbsp;&nbsp;&nbsp;We appreciate the time and effort that has gone into these proceedings by the arbitral panel and our legal team, and look forward to timely resolution of our dispute with the Republic of Turkey.&#8221;</P>
<P align=justify style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'>As a result of the tribunal&#8217;s decision, a hearing on substantive issues and damages is now scheduled for September 2021. &nbsp;In addition, Turkey is required to submit a memorial setting forth its positions on July 20, 2020. &nbsp;Westwater&#8217;s memorial was filed on January 27, 2020.</P>
<P align=justify style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'><B>About Westwater Resources</B></P>
<P align=justify style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'>Westwater Resources (NASDAQ: WWR) is focused on developing energy-related materials. The Company&#8217;s battery-materials projects include the Coosa Graphite Project &#8212;&nbsp;the most advanced natural flake graphite project in the contiguous United States &#8212;&nbsp;and the associated Coosa Graphite Mine located across 41,900 acres (~17,000 hectares) in east-central Alabama. In addition, the Company maintains lithium mineral properties in prospective lithium brine basins in Nevada and Utah. Westwater&#8217;s uranium projects are located in Texas and New Mexico. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (~4,400 hectares) of prospective in-situ recovery uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 188,700 acres (~76,000 hectares) in the prolific Grants Mineral Belt, </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-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'>which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977 as Uranium Resources, Inc., Westwater also owns an extensive uranium information database of historic drill hole logs, assay certificates, maps, and technical reports for the western United States. For more information, visit&#160;<FONT style='color:#0081F2;border-bottom:1px solid #0081F2'>www.westwaterresources.net</FONT>.</P>
<P align=justify style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'><B>Cautionary Statement</B></P>
<P align=justify style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'>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 &#8220;expects,&#8221; &#8220;estimates,&#8221; &#8220;projects,&#8221; &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;could,&#8221; and other similar words. All statements addressing events or developments that WWR expects or anticipates will occur in the future, including but not limited to statements relating to developments in arbitration before the ICSID and ultimate outcome thereof are forward-looking statements.&#160; Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties.&#160; These risk factors and uncertainties include, but are not limited to, (a) the Company&#8217;s ability to successfully integrate Alabama Graphite Corporation&#8217;s business into its own, and the risk that additional analysis of the Coosa Graphite Project may result in revisions to the findings of WWR&#8217;s initial optimization study; (b) the Company&#8217;s ability to raise additional capital in the future; (c) spot price and long-term contract price of graphite, lithium, vanadium and uranium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan, including the impact of COVID-19; (e) operating conditions at the Company&#8217;s projects; (f) government and tribal regulation of the graphite industry, the lithium industry, the vanadium industry, the uranium industry, and the power industry, and government support for domestic uranium production and nuclear power; (g) world-wide graphite, lithium, vanadium and uranium supply and demand, including the supply and demand for lithium-based batteries; (h) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (i) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including in Alabama, Texas, New Mexico, Utah, and Nevada; (j) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (k) the results of the Company&#8217;s lithium brine exploration activities at the Columbus Basin and Sal Rica projects, and the possibility that future exploration results may be materially less promising than initial exploration result; (i) any graphite, lithium, vanadium or uranium discoveries not being in high-enough concentration to make it economic to extract the metals; (m) currently pending or new litigation or arbitration; and (n) other factors which are more fully described in the Company&#8217;s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company&#8217;s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company&#8217;s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'><B>Contacts</B></P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:12pt;color:#000000;background-color:#FFFFFF'>Westwater Resources Contact:<BR>Christopher M. Jones, President &amp; CEO<BR>Phone: 303.531.0480<BR>Jeff Vigil, VP Finance &amp; CFO<BR>Phone: 303.531.0481<BR>Email:&#160;<FONT style='color:#0081F2;border-bottom:1px solid #0081F2'>Info@WestwaterResources.net</FONT></P>
<P style='font:11pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>Investor Relations Contact:<BR>Porter, LeVay &amp; Rose </P>
<P style='font:11pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>Michael Porter<BR>Matthew Abenante</P>
<P style='font:11pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>Phone: 212.564.4700<BR>Email:&#160;<FONT style='color:#0081F2;border-bottom:1px solid #0081F2'>Westwater@plrinvest.com</FONT></P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
