DENVER BUSINESS JOURNAL — A Colorado company has completed its purchase of a Canadian company that owns a graphite project in Alabama.
Westwater Resources Inc. (Nasdaq: WWR) of Centennial said it's completed its purchase of Alabama Graphite Corp. in an all-stock deal.
Westwater is betting big on graphite: According to the company, there's currently no domestic production of natural graphite. Westwater said it plans to produce advanced battery materials on a pilot scale during 2019.
Graphite is used in the production of lithium-ion batteries (graphite is used to manufacture the anode in a lithium-ion battery). Alabama Graphite has the mineral rights in the Coosa graphite project near Sylacauga, Alabama, about 50 miles southeast of Birmingham.
Read more at the Denver Business Journal: https://bit.ly/2Hj244C