Westwater Resources, Inc. · AMEX:WWR
Westwater Resources — Q4 2025 Earnings Presentation
12 slides from Westwater Resources's earnings presentation, Mar 20, 2026
Slide 1: America’s Source for Battery-Grade Graphite
America’s Source for Battery- Grade Graphite NYSE American: WWR Q4 2025 Results Webcast 1 | westwaterresources.net | NYSE: American – WWR March 2026
Slide 2: Cautionary Statement
Cautionary Statement 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 identified by words such as “positioned to become,” “strategic
Slide 3: America’s Source for Battery-Grade Graphite
America’s Source for Battery-Grade Graphite Positioned to become the 1st US-based Corporate Headquarters Centennial, Colorado, producer of battery-grade USA Kellyton Graphite Plant natural graphite Kellyton, Alabama, USA Coosa Graphite Deposit Coosa County, Alabama USA Strategically located in the U
Slide 4: Graphite: A Critical Mineral in the Growing EV Market
Graphite: A Critical Mineral in the Growing EV Market Lithium-Ion Battery Composition EV Market Forecast Lithium 4% (BEV in millions)1 65.3 Manganese 8% Cobalt 8% Graphite Anode 27.3 ~50% 14.0 11.1 Nickel 30% 2024 2025 2030 2040 ~50% of lithium-ion batteries EV sales expected to 4x are graphite anod
Slide 5: Optimal Timing for U.S.-Based, Battery-Grade Natural Graphite Production
Optimal Timing for U.S.-Based, Battery-Grade Natural Graphite Production Natural Graphite AAM Supply1 Natural Graphite Anode Supply and Demand Outlook (kt)2 Asia (ex-China) Supply Demand 2.3% 0.9% 1500 1500 North America 7.1% 1400 1300 Europe 1200 1100 Others 16.2% 939 833 China 2035 651 734 583 528
Slide 6: Mine-to-Market Strategy: Vertical Integration that Delivers
Mine-to-Market Strategy: Vertical Integration that Delivers Mining Processing End Product Coosa Graphite Mine 30 Miles Kellyton Graphite Plant Battery-Grade Natural Graphite Mining and flotation of natural Milling, sizing, shaping and Battery-grade CSPG used in lithium- graphite purification produce
Slide 7: Value Proposition
Value Proposition Mine-to-Market Strategic Phased Right Experienced Model Location Development Timing Leadership Connecting domestic Located in Alabama, Phased plant Advancing capacity in a Leadership and Board resource development U.S.A., in the heart of the development aligns market with limited U
Slide 8: Kellyton Graphite Plant Offers Domestic Refining Capabilities
Kellyton Graphite Plant Offers Domestic Refining Capabilities Under construction with more than 50% of $245 million capital cost invested to date Phase 1 expected to deliver 12,500mtpa battery- grade natural graphite; Phase 2 will increase planned capacity to a total of 50,000 mtpa Phase 1 capacity
Slide 9: Coosa Deposit Permitting Underway
Coosa Deposit Permitting Underway Largest graphite deposit in the contiguous United States located in the graphite belt, 30 miles from Kellyton Graphite Plant ~42,000 acres of mineral rights; 234 drill holes completed to date, representing less than 10% of the acreage Exploration to date yields 2.3M
Slide 10: Company Catalysts
Company Catalysts Near – Term Long – Term Advance Coosa Studies & Permitting Coosa Advancement to Production Secure Additional Kellyton Phase 1 & 2 Offtake Kellyton Phase 2 Offtake Secured Complete Kellyton Phase I Financing Secure Kellyton Phase 2 Financing Kellyton Phase 2 Construction & Productio
Slide 11: Financial Overview
Financial Overview NYSE American: WWR Kellyton Kellyton Coosa Initial Shares Outstanding1 Phase 1 Feasibility Phase II Feasibility Assessment 125M Study (2023) Study (2024) (2023) Avg. Annual Production 12,500 mtpa CSPG3 37,500 mtpa CSPG 3,333 st (Cg conc.) Cash On Hand2 Development Capital $245M ($
Slide 12: NYSE American: WWR InvestorRelations@WestwaterResources.com
Westwater Resources Kellyton Graphite Corporate Headquarters Processing Plant 6950 South Potomac St. 349 McClellan Industrial Suite 300 Drive Centennial, Colorado Kellyton, Alabama 80112 35089 NYSE American: WWR InvestorRelations@WestwaterResources.com 12 | westwaterresources.net | NYSE: American –