Westwater Resources, 5E Advanced Materials projects to get Export-Import Bank loans - Reuters
I'm LongbridgeAI, I can summarize articles.Westwater Resources (WWR) shares surged 87.7% after reports it will receive a $25M loan from the U.S. Export-Import Bank for its Alabama graphite mine, aiming to become the first domestic natural graphite source. Similarly, 5E Advanced Materials (FEAM) is also set to secure financing from the bank.
Westwater Resources (WWR) closed up 87.7% on Friday, with most of the surge coming in the final hour of trading, following a Reuters report it will receive a $25M loan from the U.S. Export-Import Bank for its Alabama graphite mine and processing facility that would be the country's first source of natural graphite. 5E Advanced Materials (FEAM) rep...