Westwater Resources CFO explains major deal with Fiat Chrysler - ICYMI

Core Viewpoint - Westwater Resources Inc has secured a significant sales agreement with Fiat Chrysler, part of the Stellantis group, which is crucial for the company's efforts to obtain debt financing and expand its market presence [1][2]. Group 1: Sales Agreement Details - The Baltic sales agreement with Fiat Chrysler is a major contract that will help Westwater Resources in securing debt financing [2]. - The company will supply natural graphite anode material from its Carrollton graphite plant, achieving 100% production capacity for Phase One, extending the contract through to 2031 [3]. Group 2: Market Position and Financing - The graphite market has been historically dominated by China, and establishing production capabilities in North America is essential for lenders [4]. - Having 100% committed volumes under the contract provides a significant advantage for underwriting projects compared to uncommitted capacity [4][5]. Group 3: Future Plans and Construction - The contract with Fiat Chrysler is set to commence in 2026, and the company plans to select a lender and proceed with due diligence for financing [6][7]. - Once financing is secured, the company will rapidly continue construction to meet the forecasted volumes outlined in the contract [7][10]. Group 4: Strategic Focus - The current focus is on customer engagement and securing additional supply agreements for Phase Two of the Kellyton project, while prioritizing the completion of Phase One [10].