Company Advances Graphite Production and Secures Funding
SYDNEY — Westwater Resources, a company specializing in battery-grade natural graphite, has announced its financial results for the year ending December 31, 2025. The company reported a net loss from operations of $27.3 million, which represents an increase compared to the $12.7 million loss in 2024. According to Westwater, this rise in losses was mainly due to costs related to convertible note issuances and permitting activities at the Coosa site.
Throughout 2025, Westwater continued significant investment in its Kellyton Graphite Plant in Alabama. The facility, expected to produce coated spherical purified graphite (CSPG), achieved milestones such as the installation of critical equipment and connection to the power grid. The company maintained its capital expenditure estimate at $245 million, despite rising costs for inputs like steel and copper.
Strategic Developments and Future Plans
Westwater’s CEO, Frank Bakker, highlighted that the company has made substantial progress in its vertically integrated graphite strategy, receiving a U.S. patent for a new graphite purification process. Bakker stated, “We believe Westwater is the most advanced American developer of battery-grade natural graphite.” The company also confirmed that its offtake agreements with SK On and Hiller Carbon cover the majority of Kellyton’s initial capacity.
In industry context, this announcement comes amid increasing demand for battery materials driven by the growth in electric vehicles and energy storage solutions. Westwater’s focus on establishing a domestic supply chain aligns with broader industry trends towards localization and sustainability.
Looking ahead, Westwater plans to continue customer engagement and advance permitting for the Coosa Graphite Deposit, aiming for a secure domestic supply. The company is also exploring various financing options, including government-supported programs, to ensure the completion of Kellyton’s Phase I.
Source: newshub.medianet.com.au
Last updated: 21 March 2026, 12:52 am
