Westwater Resources reported strategic adjustments following the termination of the Stellantis offtake agreement, focusing on optimizing production at the Kellyton Graphite Plant to align with remaining commitments and to enhance financial resilience.

• Stellantis unexpectedly terminated its offtake agreement, pausing debt syndication reliant on this contract.
• Westwater has made significant investments of approximately $125 million in Kellyton, positioning it as the leading U.S. producer of battery-grade graphite.
• The company successfully launched large sample deliveries from its qualification line, achieving over 1 metric ton production for current and potential clients.
• Efforts are underway to optimize production capacity and reduce capital expenditures ahead of Phase 1 commercial production, targeted for early 2026.
• Advances in the Coosa deposit permitting process are ongoing, aiming for vertical integration of graphite mining and processing.