8-K - WWR - Equibles

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TOSECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 9, 2026

WESTWATER RESOURCES, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware	001-33404	75-2212772
(State or Other<br> Jurisdiction of	(Commission File Number)	(IRS Employer
Incorporation)		Identification No.)
6950 S. Potomac Street, Suite 300<br><br>Centennial, Colorado	80112
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(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code:

(303) 531-0516

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the<br>Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the<br>Exchange Act (17 CFR 240.14a-12)
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¨	Pre-commencement communications pursuant to Rule 14d-2(b) under<br>the Exchange Act (17 CFR 240.14d-2(b))
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¨	Pre-commencement communications pursuant to Rule 13e-4(c) under<br>the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange<br><br>on Which Registered
Common Stock, $0.001 par value	WWR	NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01 Regulation FD Disclosure

On April 9, 2026 at 11:00 a.m. ET, and on April 10, 2026 at 10:45 a.m. ET, Terence Cryan, Executive Chairman of Westwater Resources, Inc. (the “Company”), and Steven Cates, Senior Vice President – Finance and Chief Financial Officer of the Company, will present at the Moneyshow Investor Conference. A copy of the investor presentation that Messrs. Cryan and Cates intend to use at the conference, and from time to time thereafter, is furnished as Exhibit 99.1 to this Current Report on Form 8-K (the “Investor Presentation”), and will also be posted to the Company’s website on April 9, 2026. The Investor Presentation provides certain updates regarding the Company’s business plan. The foregoing description of the Investor Presentation is not complete and is qualified in its entirety by reference to the full text of the Investor Presentation, a copy of which is included as Exhibit 99.1 hereto.

The information furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act") or in the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

ExhibitNo.	Description
99.1	Investor Presentation, dated April 9, 2026
104	Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Westwater Resources, Inc.
Dated: April 9, 2026	/s/ Steven M. Cates
	Steven M. Cates
	Senior Vice President - Finance and Chief Financial Officer

Exhibit 99.1

1	westwaterresources.net	NYSE: American – WWR<br>America’s Source for<br>Battery-Grade Graphite<br>Graphite & Energy Security: Why Domestic Supply Matters Now<br>April 2026<br>NYSE American: WWR
2<br>Cautionary Statement<br>This presentation 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<br>assumptions and are identified by words such as “positioned to become,” “strategically located,” “driving structural growth,” “workhorse,” “most significant,” “future demand,” “estimated,” “EV growth,”<br> “long-term,” “forecast,” “expected to increase,” “optimal timing,” “strengthen,” “near,” “aligns,” “advancing,” “strategic,” “currently,” “largest,” “approximately,” “less than,” “average,” “more than,” “expected,”<br> “will increase,” “planned,” “nearly complete,” “greater than,” “virtually,” “increasingly,” and other similar words. Forward looking statements include, among other things, statements concerning: off-take<br>agreements and possible off-take agreements; Westwater’s future sales of CSPG products, including the amounts, timing, and types of products included within those sales; potential debt financing<br>arrangements for Phase I and Phase II of the Kellyton Graphite Plant including the amount and type of debt and the schedule for closing; the anticipated timing for and annual production from Phase I<br>and Phase II of Kellyton Graphite Plant; the positive anticipated economic results from the Initial Assessment with Economic Analysis related to its Coosa Graphite Deposit; permitting plans and drilling<br>plans for the Coosa Graphite Deposit including their timing and results; and the construction and operation of the Kellyton Graphite Plant and the Company’s Coosa Graphite Deposit and its PEA, and the<br>costs, schedules, and production and economic projections associated with both of them. The Company cautions that there are 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<br>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.<br>Because they are forward-looking statements, they should be evaluated in light of important risk factors and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include the following factors, in addition to those discussed in Westwater’s Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent securities filings: (a) the<br>spot price and long term contract price of graphite (both flake graphite feedstock and purified graphite products) and vanadium, and the world-wide supply and demand of graphite and vanadium; (b)<br>the effects, extent and timing of the entry additional competition in the markets in which we operate; (c) our ability to obtain contracts or other agreements with potential customers and to maintain<br>contracts and other agreements with existing customers; (d) available sources and transportation of graphite feedstock; (e) the ability to control costs and avoid cost and schedule overruns during the<br>development, construction and operation of the Kellyton Graphite Plant or the Coosa Graphite Deposit; (f) the ability to construct and operate the Kellyton Graphite Plant or the Coosa Graphite Deposit in<br>accordance with the requirements of permits and licenses and the requirements of tax credits and other incentives; (g) effects of inflation, including labor shortages and supply chain disruptions; (h) rising<br>interest rates and the associated impact on the availability and cost of financing sources; (i) potential debt financing arrangements including the amount and type of debt and the schedule for closing; (j)<br>the availability and supply of equipment and materials needed to construct the Kellyton Graphite Plant or the Coosa Graphite Deposit; (k) stock price volatility; (l) government regulation of the mining and<br>manufacturing industries in the United States; (m) unanticipated geological, processing, regulatory and legal or other problems we may encounter; (n) the results of our exploration activities at the Coosa<br>Graphite Deposit, and the possibility that future exploration results may be materially less promising than initial exploration results; (o) any graphite or vanadium discoveries at the Coosa Graphite Deposit<br>not being in high enough concentration to make it economic to extract the minerals; (p) our ability to finance growth plans; (q) our ability to obtain and maintain rights of ownership or access to our<br>mining properties; (r) currently pending or new litigation or arbitration; (s) our ability to maintain and timely receive mining, manufacturing, and other permits from regulatory agencies; and (t) other<br>factors which are more fully described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.<br>Although we have attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there<br>may be other factors that cause results not to be as anticipated, estimated or intended. You are cautioned not to place undue reliance on forward-looking statements. There can be no assurance that<br>these statements will prove to be accurate as actual results and future events could differ materially from those anticipated in the statements. Actual results may differ materially from those expressed or<br>implied by these forward-looking statements because of, among other reasons, the factors described above and in the periodic reports that we file with the SEC from time to time, including Forms 10-K,<br>10-Q and 8-K and any amendments thereto. Except as required by law, we assume no obligation to publicly update any forward-looking statements and forward-looking information, whether as a result<br>of new information, future events or otherwise.
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America’s Source for<br>Battery-Grade<br>Graphite<br>Positioned to become<br>the 1<br>st US-based<br>producer of battery-grade<br> natural graphite<br>Strategically located in the U.S.<br>Battery Corridor, near major<br>EV and battery hubs<br>Corporate<br>Headquarters<br>Centennial, Colorado,<br>USA<br>Coosa Graphite<br>Deposit<br>Coosa County,<br>Alabama USA<br>Kellyton Graphite<br>Plant<br>Kellyton,<br>Alabama, USA<br>3
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4<br>Graphite is a Critical Mineral<br>Used in Multiple Battery<br>Applications<br>4<br>Natural Graphite Demand Drivers<br>Electric Vehicles<br>Industrial, Defense & Other<br>Battery Energy Storage<br>Nickel 30%<br>Cobalt 8%<br>Manganese 8%<br>Lithium 4%<br>Lithium-Ion Battery Composition<br>Graphite<br>Anode<br>~50%<br>Cathode<br>(Li, Ni, Co, Mn)
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5<br>Battery Demand is Driving<br>Structural Growth in<br>Graphite<br>5<br>671 794 925 1009 1083 1202<br>1347<br>1581<br>1722<br>1968<br>2214<br>2557<br>2793<br>3046 3170 3281<br>2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040<br>EV BESS Other Portables<br>Flake Battery Demand by Application (kt)1<br>1 Source: Benchmark Mineral Intelligence Q4 2025.
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6<br>Graphite is the Workhorse of<br>Lithium-Ion Batteries<br>6<br>Graphite anode composes ~50% of a lithium-ion battery by weight & EVs contain an<br>estimated 200 pounds of battery-grade<br>graphite<br>Among ~200 graphite applications, the most<br>significant in terms of future demand is<br>lithium-ion batteries
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7<br>EV Growth is Driving Long-Term Graphite Demand<br>7<br>11.1 14.0<br>27.3<br>65.3<br>2024 2025 2030 2040<br>EV Market Forecast<br>(BEV in millions)1<br>~50% of every lithium-ion<br>battery is graphite<br>EV sales expected to increase<br>~4x by 2040<br>1 Source: Benchmark Natural Graphite Forecast as of March 2026.
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The U.S. Imports 100% of<br>Battery-Grade Natural<br>Graphite<br>8<br>21.0%<br>1.3%<br>77.6%<br>Natural Graphite AAM Supply1<br>1 Source: Benchmark Commodities Update: Graphite. 11 March 2026.<br>16.2%<br>7.1%<br>2.3% 0.9%<br>73.4%<br>Asia (ex-China) North America<br>Europe Others<br>China<br>2025 2035 100%<br>CHINESE
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9<br>1 Source: Benchmark Mineral Intelligence Q4 2025.<br>Optimal Timing for U.S.-Based,<br>Battery-Grade Natural<br>Graphite Production<br>364 422<br>524 600 627 601<br>680 694 709 724 740 759 780 803 828 855<br>331<br>394<br>455<br>493 528<br>583<br>651<br>734<br>833<br>939<br>1100<br>1200<br>1300<br>1400<br>1500 1500<br>2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040<br>Supply Demand<br>Natural Graphite Anode<br>Supply and Demand Outlook (kt)2
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Westwater’s Value Proposition<br>10<br>Mine-to-Market<br>Model<br>Strategic<br>Location<br>Phased<br>Development<br>Experienced<br>Leadership<br>Right<br>Timing<br>Advancing capacity in a<br>market with limited U.S.<br>graphite processing,<br>demand for a domestic<br>supply chain, and<br>government policy support<br>Leadership and Board<br>expertise across<br>industrial operations,<br>mining, and capital<br>markets<br>Phased plant<br>development aligns<br>capital deployment with<br>production milestones<br>and market demand<br>Located in Alabama,<br>U.S.A., in the heart of the<br>the U.S. Battery Corridor<br>and near major EV and<br>battery manufacturing<br>hubs<br>Connecting domestic<br>resource development<br>with U.S. processing to<br>strengthen supply<br>continuity and<br>operational control
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11<br>11<br>Strategic Location: In the Heart<br>of the U.S. Battery Corridor<br>Coosa Graphite<br>Deposit<br>Kellyton<br>Graphite<br>Plant<br>Montgomery<br>Birmingham<br>Port of<br>Mobile<br>Alabama
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12<br>Mine-to-Market Model:<br>Vertical Integration that Delivers<br>12<br>Mining Processing End Product<br>Coosa Graphite Mine Kellyton Graphite Plant Battery-Grade Natural Graphite<br>Mining and flotation of natural<br>graphite<br>Milling, sizing, shaping and<br>purification produces coated<br>spherical purified graphite (CSPG)<br>Battery-grade CSPG used in lithium-ion batteries<br>30 Miles
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13<br>Coosa Graphite Deposit<br>Permitting Currently<br>Underway<br>13<br>Largest graphite deposit in the contiguous United States<br>located in the graphite belt, 30 miles from Kellyton<br>Graphite Plant<br>~42,000 acres of mineral rights; 234 drill holes completed<br>to date, representing less than 10% of the acreage<br>Exploration to date yields 2.3Mst of natural graphite at an<br>average grade of 3.21%<br>2023 Initial Assessment indicates a 22-year mine life<br>producing 99,000 st/yr of flotation concentrate grading<br>95% Cg<br>Feedstock supply agreement in place with non-Chinese<br>supplier until Coosa operational
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14<br>Kellyton Graphite Plant<br>Offers Domestic Processing<br>Capabilities<br>14<br>Under construction with more than 50% of $245 million<br>capital cost invested to date<br>Phase 1 expected to deliver 12,500mtpa battery-grade<br>natural graphite; Phase 2 will increase planned capacity<br>to a total of 50,000 mtpa<br>Ongoing customer engagement to secure offtake for<br>Phase 1 capacity<br>Qualification line capacity of >1Mt for customers<br>Westwater’s patented purification process has produced<br>quality project samples for customer qualification<br>processes
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15<br>Production of Battery-Grade<br>Natural Graphite: Process<br>Flowsheet<br>15<br>Mining Flotation Micronization<br>(Milling / Sizing)<br>Spheroidization<br>(Shaping)<br>Purification Surface<br>Treatment<br>(Coating)<br>Graphite Mine Graphite Processing Plant
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16<br>July 2025<br>Commercial Milling &<br>Shaping; Dust Collection<br>Complete<br>November 2023<br>Placing Structural Steel<br>August 2025<br> >1mt Battery-Grade Graphite<br>Samples Processing<br>July 2022<br>Earthworks Complete<br>August / September 2022<br>Foundations Poured &<br>Underground Utilities Complete<br>October 2022<br>Vertical Construction Begins<br>May 2023<br>Facilities Construction Complete<br>March 2024 – April 2025<br>Structural Steel Continues;<br>Placing Milling & Shaping<br>Equipment & Dust Collection<br>Kellyton Construction Progress<br>16
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17<br>U.S. Government Support<br>for Graphite and Other<br>Critical Minerals<br>17<br>Graphite designated as a U.S. critical<br>mineral<br>Inflation Reduction Act (IRA) incentives<br>for domestic battery supply chains<br>Department of Energy (DOE) funding for<br>battery materials and processing<br>EXIM Bank support through the “Make<br>More in America Initiative”<br>Policy Support Trade & Supply Chain Reality<br>U.S. is 100% import dependent on<br>natural graphite<br>China controls virtually 100% of graphite<br>processing capacity<br>Uncertainty of supply given Chinese<br>export restrictions and volatile tariff<br>environment
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18<br>Westwater Catalysts<br>18<br>Advance Coosa Studies & Permitting<br>Secure Kellyton Phase 1 Offtake<br>Complete Kellyton Phase I Financing<br>Commercial Production Kellyton Phase 1<br>Near – Term Long – Term<br>Coosa Advancement to Production<br>Secure Kellyton Phase 2 Financing<br>Kellyton Phase 2 Offtake Secured<br>Kellyton Phase 2 Construction &<br>Production
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19<br>In a market increasingly defined<br>by supply chain risk, Westwater<br>Resources is positioned to be<br>America’s source for battery<br>-<br>grade graphite.
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20<br>Financial Overview<br>NYSE American: WWR<br>Shares Outstanding1<br>125M<br>Market Cap<br>$79M<br>NYSE-A:WWR<br>Share Price<br>$0.63<br>(as of 4/2/26)<br>$152M<br>Pre-Tax NPV @ 8%<br>Avg. Annual Production<br>Development Capital<br>Kellyton<br>Phase 1 Feasibility<br>Study (2023)<br>Pre-Tax IRR %<br>12,500 mtpa CSPG3<br>Coosa Initial<br>Assessment<br>(2023)<br>$245M (~$130M spent to date)4<br>24.7%<br>$417M<br>3,333 st (Cg conc.)<br>26.7%<br>$229M<br>Kellyton<br>Phase II Feasibility<br>Study (2024)<br>37,500 mtpa CSPG<br>$453M<br>31.8%<br>$1.4B<br>1 Shares outstanding as of March 19, 2026.<br>2 Cash on hand as of December 31, 2025.<br>3 Production capacity for Phase 1 has increased from 3,750 mtpa (2021 Definitive Feasibility Study) to 12,500 mtpa as announced in<br>February 2024.<br>4 Development capital originally estimated to be $271 million as part of the 2023 Definitive Feasibility Study; revised to $245 million in 2024.<br>Approximately $130 million spent to date as of December 31, 2025.<br>Cash On Hand2<br>$48.6M<br>Covering Analyst<br>H.C. Wainwright<br>PT $1.75 / Buy Rating
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21	westwaterresources.net	NYSE: American – WWR<br>InvestorRelations@WestwaterResources.com<br>NYSE American: WWR<br>Westwater Resources<br>Corporate Headquarters<br>6950 South Potomac St.<br>Suite 300<br>Centennial, Colorado<br>80112<br>Kellyton Graphite<br>Processing Plant<br>349 McClellan Industrial<br>Drive<br>Kellyton, Alabama<br>35089
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