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Westwater Resources Jumps After U.S. Graphite Loan Adds $46M

Westwater Resources logoWestwater Resources
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Westwater Resources shares rose 87.76% to $0.7672 after news of a U.S. graphite loan. The Export-Import Bank will provide $58 million in financing for three mineral projects, including a $25 million loan tied to an Alabama mining and processing site. The company had spent $129.6 million on Kellyton with $115 million remaining versus a $245 million Phase I projection, and it has no graphite revenue yet.

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