Westwater Shares Fall After Pausing Debt Syndication Following Stellantis' Termination of Offtake Deal

MT Newswires Live
Nov 11

Westwater Resources (WWR) shares were down over 12% in recent trading Monday after it announced late Friday that it paused debt syndication after Stellantis (STLA) subsidiary terminated its offtake agreement.

Stellantis was one of three companies, including SK On and Hiller Carbon, with existing offtake deals with Westwater, according to a statement.

The company said it will optimize Phase I of the Kellyton plant to meet existing offtake commitments with SK On and Hiller Carbon, reducing total capital needs and accelerating its path to production. An update is expected in early 2026, the company added.

Westwater has raised about $55 million since mid-2025 through equity and convertible note offerings since June-end and held roughly $53 million in cash as of Nov. 5.

Price: 1.08, Change: -0.15, Percent Change: -12.20

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10