net income -$4.7M. Westwater loses all offtake agreements, advances Coosa mine permitting amid financing gap

Filed May 12, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 14, 2025 · ~1 min read

Key Changes

• high

  Both major offtake agreements terminated: SK On exited in March 2026, FCA in November 2025. Company now has zero committed buyers for 100% of Phase I production capacity and is exploring new customer arrangements.

  MD&A: Offtake Agreements verify on EDGAR →
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  Coosa mine permitting formally commenced in Q4 2025 with federal and state agencies engaged. Company pursuing FAST-41 designation for streamlined approval and has begun environmental studies.

  MD&A: Coosa Mine Permitting verify on EDGAR →
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  Cash position improved dramatically to $41.5M from $3.3M year-over-year via convertible notes and equity raises. Management believes funds sufficient for non-discretionary spending beyond one year.

  MD&A: Liquidity Position verify on EDGAR →