SK On terminates graphite supply deal with Westwater Resources

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Westwater Resources Provides Commercial Update

April 1, 2026 5:00 PM EDT

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Westwater Resources, Inc. (NYSE American: WWR), an energy technology and critical minerals company focused on developing battery-grade natural graphite (Westwater, Westwater Resources, or the Company), today announced a commercial update.

On March 31, 2026, SK On Co., Ltd. notified the Company of its decision to terminate the Products Procurement Agreement (Agreement) originally executed in February 2024. The Agreement represented the purchase of a portion of the planned Phase I production capacity at the Kellyton Graphite Plant (Kellyton).

SK Ons decision reflects the challenging and evolving environment our customers are navigating, said Frank Bakker,... More