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moonlight1on Jul 17, 2018 5:03pm
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Newsletter July 17
Newsletter July 17Protection for all 3 products produced by Westwater
Westwater Resources Applauds U.S. Government’s Actions on Materials Imports from China
Levels Playing Field for American Developers and Producers
Promotes Environmentally Sustainable Domestic Mining
CENTENNIAL, Colo., July 17, 2018 – Westwater Resources, Inc. (“Westwater,” or the “Company”) (Nasdaq: WWR), an energy materials development company, released the following statement from Christopher M. Jones, President and Chief Executive Officer of Westwater:
“United States Trade Representative Robert Lighthizer has included graphite, lithium and uranium on the list of materials imported from China, now under consideration for additional tariffs of 10%. Further, the US Government has asked for comments in advance of hearings scheduled in August of this year, which we intend on providing.
Westwater supports the US Government’s intention to levy tariffs on these products imported from China. This action can result in a more level playing field for developers and producers of graphite, lithium and uranium in the United States like Westwater. The USA enjoys a robust suite of regulations designed to protect our environment from harm, something that Westwater respects and treats as a core value. Production of these materials in China is not always subject to these regulations and the costs associated with that protection. We believe that tariffs of the type that the Office of the U.S. Trade Representative is contemplating begin to fully integrate the full value of environmental protection into the cost structure of graphite, lithium and uranium, making sustainable US domestically produced materials properly cost competitive in the United States.”
Westwater Resources has previously announced that all three of its portfolio products—graphite, lithium, and uranium—are on the Critical Minerals List, which was submitted to the US Department of Commerce for action in May 2018. These minerals were included due to their importance to the security and economic prosperity of the United States.
Westwater Resources is working to develop a domestic battery graphite business as its first priority, as well as explore for lithium in the western United States. Westwater also holds a portfolio of uranium production and exploration properties in Texas and New Mexico.
Westwater Resources Applauds U.S. Government’s Actions on Materials Imports from China
Levels Playing Field for American Developers and Producers
Promotes Environmentally Sustainable Domestic Mining
CENTENNIAL, Colo., July 17, 2018 – Westwater Resources, Inc. (“Westwater,” or the “Company”) (Nasdaq: WWR), an energy materials development company, released the following statement from Christopher M. Jones, President and Chief Executive Officer of Westwater:
“United States Trade Representative Robert Lighthizer has included graphite, lithium and uranium on the list of materials imported from China, now under consideration for additional tariffs of 10%. Further, the US Government has asked for comments in advance of hearings scheduled in August of this year, which we intend on providing.
Westwater supports the US Government’s intention to levy tariffs on these products imported from China. This action can result in a more level playing field for developers and producers of graphite, lithium and uranium in the United States like Westwater. The USA enjoys a robust suite of regulations designed to protect our environment from harm, something that Westwater respects and treats as a core value. Production of these materials in China is not always subject to these regulations and the costs associated with that protection. We believe that tariffs of the type that the Office of the U.S. Trade Representative is contemplating begin to fully integrate the full value of environmental protection into the cost structure of graphite, lithium and uranium, making sustainable US domestically produced materials properly cost competitive in the United States.”
Westwater Resources has previously announced that all three of its portfolio products—graphite, lithium, and uranium—are on the Critical Minerals List, which was submitted to the US Department of Commerce for action in May 2018. These minerals were included due to their importance to the security and economic prosperity of the United States.
Westwater Resources is working to develop a domestic battery graphite business as its first priority, as well as explore for lithium in the western United States. Westwater also holds a portfolio of uranium production and exploration properties in Texas and New Mexico.