Westwater Resources Inc. has announced a significant sales agreement with Fiat Chrysler Automobiles, part of the Stellantis group of companies. This new contract is a crucial step for Westwater Resources in securing debt financing as it represents a major offtake agreement.
Steve Cates, senior vice president and CFO, joined Proactive's Stephen Gunnion with details of the partnership with Fiat Chrysler, a company committed to the energy transition.
The contract involves supplying natural graphite anode material from Westwater's Kellyton graphite plant, covering the balance of the Phase 1 production. This agreement, combined with a previously announced contract with Korea's SK On, ensures that the company's plant capacity is fully contracted.
Cates highlighted the importance of ...