Westwater Resources (WWR) Stock Nearly Doubles After Landing $25M Government Loan

TLDR

• Westwater Resources (WWR) closed up 87.7% after Reuters reported it will receive a $25M Export-Import Bank loan
• The loan funds WWR’s Alabama graphite mine, which would be the first source of natural graphite in the U.S.
• 5E Advanced Materials (FEAM) will receive an $8M Ex-Im loan to boost boron production
• Private company Global Advanced Metals secured a $25M loan to expand tantalum and niobium processing in Pennsylvania
• The $58M in total funding is part of Trump’s push to reduce U.S. reliance on Chinese critical mineral supplies

Westwater Resources (WWR) surged 87.7% on Friday, with most of the move coming in the final hour of trading after Reuters reported the company would receive a $25 million loan from the U.S. Export-Import Bank.

Westwater Resources, Inc., WWR

The loan is earmarked for WWR’s Alabama graphite mine and processing facility. If completed, it would be the first source of natural graphite in the United States.

Graphite is the largest metal by volume used in lithium-ion batteries. The U.S. currently produces only synthetic graphite, derived from petroleum coke, a byproduct of oil refining.

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