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1 | westwaterresources.net | NYSE: American – WWR Battery Materials for the 21st Century Frank Bakker, President & Chief Executive Officer Terence Cryan, Executive Chairman Steve Cates, SVP– Finance & Chief Financial Officer July 18, 2024
1 | westwaterresources.net | NYSE: American – WWR
Battery Materials for
Frank Bakker, President & Chief Executive Officer
Terence Cryan, Executive Chairman
Steve Cates, SVP– Finance & Chief Financial Officer
July 18, 20242 | westwaterresources.net | NYSE: American – WWR
Cautionary Statement Regarding Forward-looking Statements
This presentation 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 "expects," "estimates," “planned,” “intends,” "projects," "anticipates," "bel ieves," "could," “scheduled,” “targets” and other similar words. Forward
looking statements include, among other things, statements concerning: the off -take agreement with SK On; Westwater’s future sales of CSPG products to SK On, including the amounts, timing,
and types of products included within those sales; possible off -take agreements with other customers; potential debt financing arrangements; the anticipated annual production from Phase I of
Kellyton Graphite Plan; the positive anticipated economic results from the Initial Assessment with Economic Analysis related to its Coos a Graphite Deposit; and the construction and operation of the
Kellyton Graphite Plant, the Company’s Coosa Graphite Deposit and its PEA, and the costs, schedules, production and economic projections associated with them. The Company cautions that
there are factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-
looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly,
there can be no assurance that such suggested results will be realized.
Because they are forward-looking statements, they should be evaluated in light of important risk factors and uncertainties. Factors that could cause actual results to differ materially from these
forward -looking statements include the following factors, in addition to those discussed in Westwater’s Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent
securities filings: (a) the spot price and long term contract price of graphite (both flake graphite feedstock and purified grap hite products) and vanadium, and the world-wide supply and demand of
graphite and vanadium; (b) the effects, extent and timing of the entry additional competition in the markets in which we oper ate; (c) our ability to obtain contracts or other agreements with
customers; (d) available sources and transportation of graphite feedstock; (e) the ability to control costs and avoid cost and s chedule overruns during the development, construction and operation of
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