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): January 29, 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 January 29, 2026 at 9:30 a.m. ET, Terence Cryan, Executive Chairman of Westwater Resources, Inc. (the “Company”), will present at the DealFlow Discovery Conference. A copy of the investor presentation that management of the Company intends to use at the conference and from time to time 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 January 29, 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 January 29, 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: January 29, 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-Ready<br>Graphite<br>Terence Cryan<br>Executive Chairman<br>Terence.Cryan@wwr.net<br>NYSE American: WWR
2<br>Cautionary Statement<br>NYSE American: WWR Corporate Presentation January 2026<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 assumptions and are<br>identified by words such as “positioned to become,” “strategically located,” “first-mover,” “de-risked,” “right timing,” “strong economics,” "expected,” "planned,” “will increase,” “near complete,” “studies underway,” “to file,”<br> ”drilling planned,” “near-term,” “longer-term,” “advance,” “secure,” “complete,” “estimate,” and other similar words. Forward looking statements include, among other things, statements concerning: off-take agreements;<br>Westwater’s future sales of CSPG products, including the amounts, timing, and types of products included within those sales; possible off-take agreements with other customers; potential debt financing arrangements for<br>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 and Phase II of Kellyton Graphite Plant; the<br>positive anticipated economic results from the Initial Assessment with Economic Analysis related to its Coosa Graphite Deposit; permitting plans and drilling plans for the Coosa Graphite Deposit including their timing and<br>results; and the construction and operation of the Kellyton Graphite Plant, the Company’s Coosa Graphite Deposit and its PEA, and the costs, schedules, and production and economic projections associated with both of<br>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<br>forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no<br>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<br>include the following factors, in addition to those discussed in Westwater’s Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent securities filings: (a) the spot price and long term contract<br>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) the effects, extent and timing of the entry additional<br>competition in the markets in which we operate; (c) our ability to obtain contracts or other agreements with potential customers and to maintain contracts and other agreements with existing customers; (d) available sources<br>and transportation of graphite feedstock; (e) the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of the Kellyton Graphite Plant; (f) the ability to construct<br>and operate the Kellyton Graphite Plant in 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<br>disruptions; (h) rising 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; (k) stock price volatility; (l) government regulation of the mining and manufacturing industries in the United States; (m)<br>unanticipated geological, processing, regulatory and legal or other problems we may encounter; (n) the results of our exploration activities at the Coosa Graphite Deposit, and the possibility that future exploration results<br>may be materially less promising than initial exploration results; (o) any graphite or vanadium discoveries at the Coosa Graphite Deposit not being in high enough concentration to make it economic to extract the minerals;<br>(p) our ability to finance growth plans; (q) our ability to obtain and maintain rights of ownership or access to our mining properties; (r) currently pending or new litigation or arbitration; (s) our ability to maintain and timely<br>receive mining, manufacturing, and other permits from regulatory agencies; and (t) other factors which are more fully described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with<br>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 may be other factors<br>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 these statements will prove to be accurate as<br>actual results and future events could differ materially from those anticipated in the statements. Actual results may differ materially from those expressed or implied by these forward-looking statements because of, among<br>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, 10-Q and 8-K and any amendments thereto. Except as required by law, we assume no<br>obligation to publicly update any forward-looking statements and forward-looking information, whether as a result of new information, future events or otherwise.
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3<br>America’s Source for<br>Battery-Ready<br>Graphite<br>NYSE American: WWR Corporate Presentation January 2026<br>Positioned to become the 1<br>st<br>US-based producer<br>of battery-grade<br> natural graphite<br>Strategically located in the U.S. Battery<br>Corridor, near major EV and<br>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
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4<br>Graphite is a Critical Mineral<br>Used in Multiple Battery<br>Applications<br>NYSE American: WWR Corporate Presentation January 2026 4<br>Graphite<br>Anode<br>~50%<br>Nickel 30%<br>Cobalt 8%<br>Manganese 8%<br>Lithium 4% Natural Graphite Demand Drivers<br>Electric Vehicles National Defense Energy Storage<br>Global EV sales<br>projected to 4x by<br>2040, increasing<br>from ~20M in<br>2025 to 80M in<br>2040<br>Natural graphite<br>identified for<br>~49M kg<br>National Defense<br>Stockpile<br>Global battery<br>energy storage of<br>~205 GWh hit<br>new highs in 2024,<br>demanding ~1.2kg<br>of graphite per<br>KWh Lithium-Ion Battery<br>Composition by Volume
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South Korea<br>4%<br>Canada<br>5%<br>Indonesia<br>6%<br>USA<br>7% Other<br>7%<br>China<br>71%<br>Source: 1 Visual Capitalist. “China Still Dominates Critical Mineral Refining in 2030”. Published 23 December 2025.<br> 2 International Energy Agency. Global Critical Minerals Outlook 2024.<br>Natural Graphite Critical Mineral Refining in 20301<br>NYSE American: WWR Corporate Presentation January 2026 5<br>Optimal Timing for U.S. – Based,<br>Battery-Grade Natural Graphite<br>Production<br>3.8 4.3 9.1 13.5<br>3.9<br>4.6<br>10.4<br>16.0<br>2021 2023 2030 2040<br>Global Graphite Supply & Demand (Mt)2<br>Supply Demand
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6<br>Westwater Resources Value Proposition<br>NYSE American: WWR Corporate Presentation January 2026 6<br>Domestic, First-Mover<br>Advantage<br>Strategically<br>Located<br>De-Risked through<br>Phased<br>Development<br>Sustainable<br>Process &<br>Approach<br>Right Timing
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7<br>Vertical Integration that Delivers:<br>Strong Economics at Coosa and<br>Kellyton<br>NYSE American: WWR Corporate Presentation January 2026 7<br>Mining Processing End Product<br>Coosa Graphite Mine Kellyton Processing Plant Battery-Grade Natural Graphite<br>Mining and flotation of natural<br>graphite<br>Milling, sizing, shaping and purification<br>produces coated spherical purified<br>graphite (CSPG)<br>Battery-grade CSPG used in lithium-ion battery anodes<br>30 Miles
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8<br>Kellyton Graphite Processing<br>Plant Offers Domestic<br>Refining Capabilities<br>Under construction with more than 50% of $245 million<br>capital cost invested to date<br>Phase 1 optimization underway of currently expected<br>12,500mtpa battery-grade natural graphite; Phase 2 will<br>increase planned capacity to a total of 50,000 mtpa<br>Phase 1 capacity nearly completely sold out by two<br>offtake agreements<br>Qualification line capacity of ~1Mt for customers<br>Westwater’s patented purification process has produced<br>quality project samples which has led to our offtake<br>contract success<br>NYSE American: WWR Corporate Presentation January 2026
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NYSE American: WWR Corporate Presentation January 2026 9<br>Largest graphite deposit in the contiguous United<br>States located in the graphite belt, 30 miles from<br>Kellyton Processing Plant<br>~42,000 acres of mineral rights; 234 drill holes<br>completed to date, representing less than 10% of the<br>acreage<br>Exploration to date yields 2.3Mst of natural graphite<br>at an average grade of 3.21%<br>2023 Initial Assessment indicates a 22-year mine life<br>producing 99,000 st/yr of flotation concentrate<br>grading 95% Cg<br>Feedstock supply agreement in place with non-Chinese supplier until Coosa operational<br>Coosa Deposit Permitting<br>Underway with 2026 Drilling<br>Planned
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10<br>Key Priorities to Advance<br>Coosa in 2026<br>10<br>Westwater to file two key<br>permits needed for the Coosa<br>mine in 2026<br>Permits<br>Necessary wildlife and environmental<br>studies underway to support our<br>permit applications<br>Environmental Studies<br>Additional drilling planned for 2026; at<br>42,000 acres, existing 234 drill holes<br>cover less than 10% of the mineral<br>rights acreage<br>Drilling<br>NYSE American: WWR Corporate Presentation January 2026
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11<br>Company Catalysts<br>NYSE American: WWR Corporate Presentation January 2026 11<br>Advance Coosa Studies & Permitting<br>Secure Additional Kellyton Phase 1 & 2 Offtake<br>Complete Remaining Financing for Kellyton<br>Commercial Production Kellyton Phase 1<br>Near – Term (Next 12 – 18 Months) Longer – 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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12<br>Financial Overview<br>NYSE American: WWR<br>NYSE American: WWR Corporate Presentation January 2026<br>Shares Outstanding1<br>118M<br>Market Cap<br>$147M<br>Share Price<br>$1.24<br>(as of 1/23/26)<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 ($125M 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 September 30, 2025.<br>2 Cash on hand as of November 3, 2025.<br>3 Production capacity for Phase 1 has increased from original estimate of 7,500 mtpa (2021 Definitive Feasibility Study) to 12,500 mtpa as<br>announced in 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>Current Cash On Hand2<br>~$53M<br>Covering Analyst<br>H.C. Wainwright<br>PT $1.75 / Buy Rating
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13	westwaterresources.net	NYSE: American – WWR<br>Westwater Resources<br>Corporate Headquarters<br>6950 South Potomac St.<br>Suite 300<br>Centennial, Colorado<br>80112<br>NYSE American: WWR<br>InvestorRelations@WestwaterResources.net<br>Kellyton Graphite<br>Processing Plant<br>349 McClellan Industrial<br>Drive<br>Kellyton, Alabama<br>35089
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