Westwater Resources signs off-take deal for graphite production in Colorado

Westwater Resources, Inc., an energy technology company focused on battery-grade natural graphite, announced a binding off-take agreement with Hiller Carbon on September 17, 2024. This agreement allows Hiller Carbon to purchase 100% of Westwater's Fines material production from its Kellyton Graphite Plant in Alabama, which is expected to yield approximately 14,000 metric tons per year. This deal follows previous agreements with Stellantis and SK On for battery anode material, ensuring that all of Westwater's anticipated Phase I production is secured. The partnership with Hiller Carbon is significant as it provides a reliable local source of natural graphite, which is critical for various industries, including steel and foundry. Hiller Carbon, established in 1975, has a distribution network that supplies essential products like anthracite coal and petroleum coke. The agreement positions both companies for long-term success in a competitive market. Jon Jacobs, Westwater's Chief Commercial Officer, expressed enthusiasm about the collaboration, highlighting that this agreement finalizes their commercial commitments for Phase I output. The successful execution of this off-take agreement is crucial for Westwater as it seeks to finalize the remaining construction financing for the Kellyton facility. Overall, this development marks a significant milestone for Westwater Resources, reinforcing its position as a key player in the natural graphite market and ensuring a steady supply of materials for its partners, which is vital for the growth of the energy technology sector.