WESTWATER RESOURCES INC
For the period ended Dec 31, 2023. Filed Mar 19, 2024.
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FY2023 · Filed Mar 19, 2024
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ARBITRATION AGAINST TURKEY
On December 7, 2023 (the “Effective Date”), Westwater Resources, Inc. (the “Company”) accepted a payment from the Republic of Turkey in the amount of $3.1 million as complete, final, and full settlement of the matters at issue in the arbitration proceeding between the Company and the Republic of Turkey, which was completed in the summer of 2023 before the ICSID. On the Effective Date, each of the Company and the Republic of Turkey waived, released their respective right to enforce, forever discharged, and agreed not to pursue any claims against the other party for the awards made or to seek to recover any further amounts arising out of the ICSID arbitration proceeding. For additional information regarding the arbitration with the Republic of Turkey, please refer to our Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, as filed with the SEC.
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