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Westwater Shares Fall After Pausing Debt Syndication Following Stellantis' Termination of Offtake Deal
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Westwater Resources (WWR) shares fell over 12% after the company paused debt syndication due to Stellantis (STLA) terminating its offtake agreement. Stellantis was one of three companies with existing agreements with Westwater. The company plans to optimize Phase I of the Kellyton plant to fulfill commitments with SK On and Hiller Carbon, aiming to reduce capital needs and accelerate production. An update is expected in early 2026. Westwater has raised about $55 million since mid-2025 and held approximately $53 million in cash as of Nov. 5.
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