Westwater Resources, Inc. announced the execution of a letter of intent (“LOI”) with Dainen Material Co. Ltd. (“Dainen”) for the supply and purchase of coated spherical purified graphite (“CSPG”). As is standard, the LOI is subject to customary conditions and specifications that will be included in a future definitive agreement.

Dainen offers high-performance, natural graphite anode materials to leading Japanese manufacturers of automotive lithium-ion batteries. Westwater will supply CSPG to Dainen from the Kellyton advanced graphite processing plant, which is under construction in east-central Alabama.