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Don't Get Too Sold on the Rebirth of Westwater Resources


Don’t Get Too Sold on the Rebirth of Westwater Resources
InvestorPlace
12/11/2020
© Source: nrqemi / Shutterstock.com
an electric vehicle charging. image represents electric vehicle stocks
The recent run-up in electric vehicle stocks brought several mid- and small-cap companies to the forefront. One is former uranium producer
Westwater Resources (NASDAQ:
WWR), which went through a reincarnation of sorts this year. The company sold off its stagnant uranium business and is now squarely focusing on developing electric vehicle battery-grade graphite products. It plans to become a vertically integrated graphite company, completing its Coosa Graphite project in Alabama.  However, the company has a history of burning through cash and destroying investor value. Moreover, with production still a couple of years away, it’s tough to get excited about WWR stock at this time. ....

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