Westwater Resources Secures Equity Financing Deals

Westwater Resources (WWR) just unveiled an update.

Westwater Resources, Inc. has entered into financial agreements to bolster its capital through equity financing with Lincoln Park Capital Fund, LLC, and an “at the market offering” sales agreement with H.C. Wainwright & Co., LLC. Lincoln Park will potentially purchase up to $30 million of Westwater’s common stock over a 24-month period, subject to market conditions and regulatory requirements. Concurrently, Westwater may sell up to $8,050,000 of common stock through Wainwright, with flexibility in timing and sales volume. These strategic moves aim to enhance working capital and support general corporate purposes, illustrating Westwater’s proactive approach to financial management and growth funding.

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