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Westwater Resources' (WWR) CEO Christopher Jones on Q4 2017 Results - Earnings Call Transcript

Mar. 02, 2018 5:04 PM ETWestwater Resources, Inc. (WWR)
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Westwater Resources, Inc. (NASDAQ:WWR) Q4 2017 Earnings Conference Call March 2, 2018 1:00 PM ET


Christopher Jones - President and Chief Executive Officer

Jeff Vigil - Chief Financial Officer and VP, Finance

Dain McCoig - Vice President, Operations


Debra Fiakas - Crystal Equity Research


Thank you for standing by. This is the conference operator. Welcome to the Westwater Resources Inc. Full Year 2017 Results and Business Update Conference Call. As a reminder, all participants are in listen-only-mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference over to Christopher Jones, President and CEO. Please go ahead.

Christopher Jones

Thanks, Arryal and welcome once again to Westwater Resources’ full year results call. With me here in our Centennial Headquarters is Jeff Vigil our CFO and Vice President of Finance and with us by phone is Dain McCoig, our Vice President of South Texas Operations.

I would like to remind our listeners to read our cautionary statements on the following pages, as we will be discussing some forward-looking statements and information.

And with that, I invite you to turn to Slide 4. 2017 was an important and pivotal year for Westwater. We changed our name in August. We successfully executed a binding agreement to acquire Alabama Graphite Corporation something a deal we expect to close in the second quarter of this year, but much more on that later.

We monetized our Churchrock assets with the sale to Laramide Resources of Canada. We acquired our Railroad Valley lithium exploration property. We acquired water rights for our Columbus Basin exploration projects. We announced positive lithium results associated with our Sal Rica Project. We secured a $22 million financing facility with Aspire Capital of Chicago. We continued successful cost reductions

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