WESTWATER RESOURCES, INC.
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 19, 2026
WWR$0.39+2.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
| DEFINITIONS | 3 |
|---|---|
| USE OF NAMES | 7 |
| CURRENCY | 7 |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS | 8 |
| STATEMENT REGARDING THIRD PARTY INFORMATION | 9 |
| PART I | 10 |
| ITEM 1. BUSINESS | 10 |
| THE COMPANY | 10 |
| OUR STRATEGY | 10 |
| OVERVIEW OF THE BATTERY GRAPHITE INDUSTRY | 11 |
| COMPETITION | 13 |
| KEY BUSINESS AND CORPORATE DEVELOPMENTS IN 2025 | 14 |
| WESTWATER’S GRAPHITE BUSINESS | 15 |
| CORE VALUES | 17 |
| AVAILABLE INFORMATION | 21 |
| ITEM 1A. RISK FACTORS | 22 |
| ITEM 1B. UNRESOLVED STAFF COMMENTS | 32 |
| ITEM 1C. CYBERSECURITY | 32 |
| RISK MANAGEMENT AND STRATEGY | 32 |
| GOVERNANCE | 33 |
| ITEM 2. PROPERTIES | 34 |
| KELLYTON GRAPHITE PLANT | 34 |
| COOSA GRAPHITE DEPOSIT | 35 |
| INFRASTRUCTURE | 40 |
| INSURANCE | 40 |
| ITEM 3. LEGAL PROCEEDINGS | 41 |
| OTHER | 41 |
| ITEM 4. MINE SAFETY DISCLOSURES | 41 |
| PART II | 41 |
| ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES | 41 |
| STOCK INFORMATION | 41 |
| ITEM 6. [RESERVED] | 41 |
| ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 41 |
| INTRODUCTION | 41 |
| SUMMARY OF RECENT DEVELOPMENTS | 42 |
| RESULTS OF OPERATIONS | 44 |
| FINANCIAL POSITION | 45 |
| LIQUIDITY AND CAPITAL RESOURCES | 46 |
| OFF-BALANCE SHEET ARRANGEMENTS | 46 |
| CRITICAL ACCOUNTING POLICIES AND ESTIMATES | 46 |
| ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 47 |
| ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | 48 |
| ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE | 73 |
| ITEM 9A. CONTROLS AND PROCEDURES | 73 |
| EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES | 73 |
| MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING | 74 |
| ITEM 9B. OTHER INFORMATION | 74 |
| ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS | 74 |
| PART III | 74 |
| PART IV | 75 |
| ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES | 75 |
| SIGNATURES | 79 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.