Past year: ▼ 66%(41.3c – 1.38 USD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Mar 2019material agreement▲ GoodMajor
Westwater agreed to sell its remaining uranium royalty portfolio -- covering Church Rock/Laramide, Dewey-Burdock, Lance and Roca Honda -- plus the Laramide promissory note, to Uranium Royalty Corp for $2.75 million, continuing to shed its legacy uranium interests.
13 Sept 2018listing compliance notice▼ BadMajor
Nasdaq granted Westwater a second 180-day extension, to March 2019, to fix its stock-price compliance problem.
15 June 2018material agreement termination▼ Bad
Westwater sold Aspire Capital $2.9 million of stock at a discount, terminating the unused $22 million standby facility from the prior year in favor of the smaller, definitive raise.
23 Apr 2018asset acquisition disposition▲ GoodMajor
The Alabama Graphite acquisition closed, issuing 11.6 million new shares; CEO Chris Jones called it a transformational pivot into battery-ready graphite, with pilot-scale production planned for 2019.
13 Mar 2018listing compliance notice▼ BadMajor
Nasdaq again warned Westwater it had traded below $1 for 30 days, restarting the minimum-bid-price compliance clock.
8 Mar 2018business combination● NeutralMajor
The final proxy sets the combined annual meeting for April 19, 2018 (record date March 5), where shareholders vote on issuing up to 14,133,593 shares for the Alabama Graphite acquisition, plus directors, Moss Adams as auditor and an executive-pay advisory vote. Alabama Graphite holders would own about 29.4% of the combined company. The filing continues the Alabama Graphite deal toward a shareholder vote; the result is not in this filing.
12 Jan 2018business combination● NeutralMajor
Westwater filed a preliminary proxy asking shareholders to approve issuing up to 14,133,593 shares for the all-stock acquisition of Alabama Graphite Corp. (agreed December 13, 2017; 0.08 Westwater share per Alabama Graphite share). Alabama Graphite holders would own about 29.5% of the combined company, and the board states the aim of moving into graphite and lithium for batteries while keeping uranium in the long term. This is the vote on the deal that starts the battery-materials pivot; the meeting date is still blank.
14 Dec 2017business combination▲ GoodMajor
Westwater Resources agreed to acquire Alabama Graphite Corp in an all-stock deal, its first move into battery materials via the Coosa Graphite Project in Alabama.
17 Nov 2017auditor change● Neutral
Auditor Hein & Associates merged into Moss Adams, which took over as Westwater's independent auditor in a routine transition with no disagreements; Hein's 2016 audit had already cleared the going-concern doubt flagged the year before.
27 Sept 2017material agreement● Neutral
Now renamed Westwater Resources, the company signed a new $22 million stock purchase agreement with Aspire Capital, upsizing its prior equity line.
17 Apr 2017material agreement● NeutralMajor
The company set up a $30 million at-the-market stock sale facility with Cantor Fitzgerald, a much larger standing financing option than its prior facilities.
27 Mar 2017farm in farm out agreement▲ GoodMajor
The company's subsidiary took a one-year option, for a $75,000 payment, to buy about 3,040 acres of placer claims in Nevada's Columbus Salt Marsh. The claims adjoin its Columbus Basin Project and expand it to over 14,200 acres.
16 Feb 2017material agreement● Neutral
The company sold Aspire Capital $4.5 million of stock and warrants, replenishing cash after paying off the RCF loan.
10 Feb 2017listing compliance notice▼ Bad
WESTWATER RESOURCES, INC. withdrew a registration statement, abandoning the offering it covered.
10 Feb 2017material agreement termination▲ GoodMajor
After a special stockholder meeting failed to convene, the company and Esousa terminated their Master Exchange Agreement. The company also repaid Resource Capital Fund $5.5 million in cash plus accrued interest, ending the 2013 RCF loan agreement and releasing its security interests.
26 Jan 2017material agreement● Neutral
Uranium Resources amended its debt-for-stock exchange arrangement with creditor Esousa Holdings, setting the conversion rate at 77% of the stock's recent trading price.
19 Jan 2017material agreement▲ GoodMajor
The company raised about $9.7 million in a public offering led by a long-only family office, its largest raise in years, to fund operations and pay down debt.
10 Jan 2017asset acquisition disposition● NeutralMajor
The sale of Hydro Resources (Crownpoint and Churchrock) to Laramide closed on January 5, 2017 for consideration valued at $12.5 million: $2.5 million cash, $500,000 of stock and warrants, and a $5 million note. The company kept a 4% Churchrock royalty and options on Laramide's La Sal and La Jara Mesa projects.
14 Dec 2016capital raising announcement● NeutralMajor
Days later the company raised the new creditor's conversion-price floor from $0.10 to $0.30/share, softening the prior week's dilutive terms, and separately amended its pending Hydro Resources sale to Laramide Resources to drop the requirement that Laramide line up financing first, in exchange for a $250,000 break fee.
6 Dec 2016capital raising announcement▼ BadMajor
RCF extended the maturity of the company's $8 million convertible notes from December 31, 2016 to March 31, 2017, with 15% interest from January 1, 2017. A new creditor bought $2.5 million of the notes, agreed to buy $5.5 million more, and could exchange them for stock at the greater of 77% of VWAP or $0.10 per share.
11 Apr 2016material agreement▼ BadMajor
The company replaced Aspire Capital's $10 million standby option with a firm $12 million common-stock purchase agreement, again paying Aspire in stock (240,000 shares) to secure the facility.
8 Apr 2016material agreement● NeutralMajor
Uranium Resources agreed to sell Hydro Resources, which holds its Churchrock and Crownpoint properties in New Mexico, to Laramide Resources. It was to receive $5.25 million cash, a $7.25 million promissory note and an option to buy Laramide La Sal, Inc. for $4.0 million, subject to closing conditions.
4 Apr 2016material agreement▼ Bad
The company sold Aspire Capital $1.2 million of stock and pre-funded warrants in a small direct placement.
4 Feb 2016material agreement▼ BadMajor
Uranium Resources set up an option for Aspire Capital to buy up to $10 million of stock on demand over the next year, paying Aspire 900,000 shares just for agreeing to the standby facility.
18 Dec 2015material agreement▼ Bad
The company raised a modest $0.9 million selling stock at just $0.40 a share, a much lower price than its earlier-2015 financings and a sign of continued cash strain even after closing the Anatolia deal.
9 Nov 2015business combination▲ GoodMajor
The Anatolia Energy merger closed: former Anatolia shareholders received about 20.5 million new shares and ended up owning roughly 41% of the combined company, which began dual-trading on the ASX as CHESS Depositary Interests.
17 Aug 2015listing compliance notice▼ BadMajor
Nasdaq again flagged the stock for trading below $1 for 30 days, restarting the compliance clock less than three years after the last reverse split.
10 Aug 2015business combination● NeutralMajor
The final proxy for the Anatolia deal sets the shareholder meeting for September 23, 2015 (record date August 4). It repeats the terms: 0.06579 URI share per Anatolia share, with Anatolia holders owning about 41% (44% fully diluted) of the combined company. With URI stock at $0.86 on August 6, each Anatolia share was worth about $0.057, down from about $0.089 at announcement, because the price is paid in URI shares and URI's stock has fallen.
6 Aug 2015asset acquisition disposition▲ GoodMajor
The company sold its Roca Honda uranium project in New Mexico to Energy Fuels for $2.5 million cash, $375,000 in Energy Fuels stock, royalty interests and Church Rock-adjacent claims, raising capital to help fund the pending Anatolia merger.
16 July 2015business combination● Neutral
Management presented the Anatolia merger at an industry conference in Perth; no new terms, though the materials referenced a separate pending asset sale to Energy Fuels.
