Westwater Resources Executive Chairman Terence Cryan joins Natalie Stoberman from the Proactive newsroom to share the company's newly released strategic, operational and financial updates that is expected to optimize the Kellyton Graphite Plant in Alabama, United States.
Cryan says WWR now expects the total Phase I capital requirements for the Kellyton Graphite Plant to be approximately $271 million. This financial update is expected to more than double Kellyton's expected annual production. Cryan adds that the company has also secured a term sheet for $150 million of private debt to cover the balance of the Phase I capital requirements.