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WESTWATER RESOURCES, INC.

For the period ended Dec 31, 2024. Filed Mar 20, 2025.

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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.

FY2024 · Filed Mar 20, 2025

WWR$0.41+5.3%Stored close · as of Nov 9, 2026

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Contents

COMPETITION

In the production and marketing of graphite, there are a number of producing entities globally, some of which are government controlled and several of which have significant capitalization. Nearly all of the global production of uncoated SPG is processed to some degree in China and approximately 77% of natural flake graphite global supply comes from China (Mining Technology, 2024).

With respect to sales of graphite, the Company expects to compete primarily based on price by providing a domestic, IRA-compliant source of CSPG to customers. We intend to market graphite directly to users of the product. We are in direct competition with supply available from various sources worldwide. We compete with multiple graphite exploration, development and production companies.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.