Westwater Resources (WWR) Reports Q2 Loss of $0.43

Westwater Resources (NASDAQ: WWR) reported Q2 EPS of ($0.43), versus ($1.81) reported last year.

Christopher M. Jones, President and Chief Executive Officer, said, “In the first half of the year, the COVID-19 pandemic has not materially impacted our business activities. Even though we closed our offices, the remote use system already in place enabled our team to remain productive and to make great strides as we continued to execute our 2020 strategy. We remain focused on the health and safety of all Westwater Resources employees, on maintaining highest safety standards in all of our operations and on ensuring the safety of the communities where we live and work. To this end, we have eliminated unnecessary travel and instituted health protocols at all job sites. We also continue to make sure our team members can take time off without penalty due to illness or to care for those around them who have fallen ill. Thanks to our diligence and concern, and to the enthusiasm and industriousness of our team, we are efficiently conducting our business.”

“We are delighted with the progress we have made during an immensely difficult quarter for just about every business worldwide,” Mr. Jones added. “Our goal now is to continue at this pace through year-end. We are inspired by the performance of our battery materials, and we are on target to have our pilot plant, in collaboration with Dorfner Anzaplan, operational by year-end. Notwithstanding COVID-19 and other challenges, 2020 is shaping up to be a solid year for Westwater Resources.”

For earnings history and earnings-related data on Westwater Resources (WWR) click here.

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