EXIM’s financing of Westwater’s Alabama Graphite Project represents a significant milestone for the most advanced American battery-grade natural graphite processing plant

Westwater Resources, Inc. (NYSE:WWR), an energy technology and battery-grade natural graphite company (“Westwater” or the “Company”), today announced that the Export-Import Bank of the United States (“EXIM”) has approved a $25 million direct loan to support continued development of the Company’s Kellyton Graphite Plant in central Alabama.

The financing was approved under EXIM’s Make More in America Initiative (“MMIA”), which supports export-oriented domestic manufacturing projects that strengthen critical U.S. supply chains. J.P. Morgan’s Securitized Products Group served as the Arranger and Structuring Agent in connection with the transaction.

The $25 million loan will provide non-dilutive capital to advance construction, equipment installation, commissioning and operational readiness activities at the Kellyton Graphite Plant. The financing is expected to support Westwater’s objective of commencing commercial production in 2027.