Westwater Resources Announces Executive Management Changes
2022年2月9日 - 8:45PM
ビジネスワイヤ（英語）
President and CEO Chris Jones to
retire
Board elects Chad Potter as new President
and CEO
Westwater Resources, Inc. (NYSE American: WWR), a
battery-grade, natural graphite development company (“Westwater” or
the “Company”), today announced the retirement of Christopher M.
Jones, President and Chief Executive Officer (CEO) and member of
the Board, effective February 25, 2022. Chief Operating Officer
(COO) Chad M. Potter has been elected Westwater’s new President and
CEO and appointed to fill the vacancy on the Board of Directors,
effective February 26, 2022.
“Following nine years of distinguished service and after
positioning the Coosa Graphite Project for success, Mr. Jones will
retire at the end of February,” said Terence J. Cryan, Chairman of
the Board of Directors. “The Board and entire management team
extend their sincere thanks to Mr. Jones for his service to the
Company. We wish him a happy and healthy retirement.”
Since joining Westwater in August 2021, Mr. Potter has been
intricately involved in all aspects of the Coosa Graphite Project
in Kellyton, Alabama, including responsibility for all construction
activities, which is on schedule for completion in the first half
of 2023. “As part of a thoughtful and planned succession strategy
beginning last summer, the Board has now elected Mr. Potter as the
Company’s new President & CEO,” added Mr. Cryan. “He will
continue to be based in Alabama to oversee the completion of
construction activities at the Coosa Graphite Project in addition
to his expanded role as CEO.”
Prior to joining Westwater, Mr. Potter served as the COO and
Vice President of Operations in Alabama, Ohio, Kentucky, and
Tennessee for American Consolidated Industries. He also spent more
than 14 years in the management team at Nucor Steel in Decatur,
Alabama, including service as the CEO and General Manager of the
joint venture between Nucor and JFE Steel in Guanajuato, Mexico. “I
am honored and excited to assume this new role and to lead
Westwater and its talented team into the future,” said Mr.
Potter.
The Board also announced that, effective February 26, 2022, Mr.
Cryan will become the Company’s Executive Chairman. He will work
with Mr. Potter to ensure a smooth transition and to help advance
Westwater’s business and financial interests, including the Coosa
Graphite Project.
Messrs. Cryan, Jones, and Potter, along with Jeffrey L. Vigil,
Westwater’s Vice President – Finance and Chief Financial Officer,
will be available to discuss these changes further during the
Company’s year-end conference call at 11 am EST/9 am MST on Monday,
February 14, 2022.
About Westwater Resources, Inc. Westwater Resources, Inc.
(NYSE American: WWR) is focused on developing battery-grade natural
graphite. The Company’s primary project is the Coosa Graphite
Project — the most advanced natural flake graphite project in the
contiguous United States — which includes the Coosa Graphite Plant
located near Kellyton, Alabama and the associated Coosa Graphite
Deposit located across 41,900 acres (~17,000 hectares) in
east-central Alabama. For more information, visit
www.westwaterresources.net.
Cautionary Statement Regarding Forward-Looking Statements
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 "expects,"
"estimates," "projects," "anticipates," "believes," "could,"
“scheduled,” and other similar words. Forward-looking statements
include, among other things, statements concerning the construction
and operation of the Company’s Coosa Graphite Project production
facility and the expected schedule of completion. The Company
cautions that there are certain 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. The following factors, in
addition to those discussed in Westwater’s Annual Report on Form
10-K for the year ended December 31, 2020, and subsequent
securities filings, could cause actual results to differ materially
from management expectations as suggested by such forward-looking
information: (a) the Company’s ability to successfully construct
and operate a commercial-scale plant capable of producing battery
grade materials in quantities and on schedules consistent with the
Coosa Graphite Project business plan; (b) the Company’s ability to
raise additional capital in the future including the ability to
utilize existing financing facilities; (c) spot price and long-term
contract price of graphite and vanadium; (d) risks associated with
our operations and the operations of our partners such as Dorfner
Anzaplan and Samuel Engineering, including the impact of COVID-19
and its potential impacts to the capital markets; (e) government
regulation of the graphite industry and the vanadium industry; (f)
world-wide graphite and vanadium supply and demand, including the
supply and demand for energy storage batteries; (g) 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 but not limited to
Alabama and Colorado; (h) the ability of the Company to enter into
and successfully close acquisitions or other material transactions;
(i) any graphite or vanadium discoveries not being in high-enough
concentration to make it economic to extract the minerals; and (j)
new litigation or arbitration. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220209005398/en/
Westwater Resources, Inc. Terence J. Cryan, Chairman of
the Board Phone: 303-531-0516 Jeffrey L. Vigil, Vice President –
Finance and Chief Financial Officer Phone: 303-531-0481
Email: info@westwaterresources.net Investor Relations
Porter, LeVay & Rose Michael Porter, President Phone:
212.564.4700 Email: Westwater@plrinvest.com
Westwater Resources (NASDAQ:WWR)
過去 株価チャート
から 11 2024 まで 12 2024
Westwater Resources (NASDAQ:WWR)
過去 株価チャート
から 12 2023 まで 12 2024
