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Westwater Resources Announces Affirmative Vote by Alabama Graphite Shareholders and Addition of Technical Advisor
CENTENNIAL, Colo., March 13, 2018 (GLOBE NEWSWIRE) -- Westwater Resources, Inc. (Nasdaq:WWR) (“WWR” or the “Company”), an energy materials exploration and devel
About this update from Westwater Resources, Inc.
[{"type":"text","content":" CENTENNIAL, Colo., March 13, 2018 (GLOBE NEWSWIRE) -- Westwater Resources, Inc. (Nasdaq:WWR) (“WWR” or the “Company”), an energy materials exploration and development company, announced today that its acquisition of Alabama Graphite Corp. (“AGC”) has achieved a critical milestone, as 97% of the votes cast by AGC securityholders at the AGC Special Meeting on March 9, 2018 were in favor of the transaction. Important actions going forward are: AGC will seek a final order from the Supreme Court of British Columbia with respect to the arrangement agreement, effectively the “final approval” of the plan of arrangement, a process expected to be complete well before the intended close of the transaction in Q2 2018. WWR has filed its proxy statement, setting March 5, 2018 as the record date for shareholders of record, and setting April 19, 2018 as the date upon which shareholders can vote on the issuance of WWR shares to AGC that are required to complete the acquisition. WWR is also conducting its Annual General Meeting of shareholders on April 19th, at which time the shareholders will be voting on a slate of directors, ratifying the selection of the independent auditor and providing an advisory vote on executive compensation. Gareth Hatch Retained as Technical Advisor to Westwater Resources WWR is pleased to also announce the addition of Gareth Hatch as a Technical Advisor to the team. Currently interim Chief Executive Officer of AGC, Dr. Hatch is also co-founder, President and Director of Innovations Metals Corp. (“IMC”), a private, Toronto-based company specializing in cost-effective processing solutions for metals vital to high-tech and green energy, such as rare-earth elements (“REEs”) and lithium, nickel and cobalt. Dr. Hatch is the co-inventor of IMC’s patent-pending RapidSX™ separation and purification process for these metals. Dr. Hatch is also a Founding Principal of Technology Metals Research, LLC, a well-known advisory and consulting firm operating in the critical-materials sector. He was previously Director of Technology at U.S.-based Dexter Magnetic Technologies, Inc., and holds five patents on a variety of magnetic devices. During 2014-2016, Dr. Hatch served as Principal Investigator on a multi-million-dollar research program on innovative processes for Rare Earth Elements (REE), funded by the U.S. Army Re...