Westwater Resources Stock Dives 3.49% to 2025 Low on Stellantis Agreement Termination, Q3 Loss

The share price fell to its lowest level since November 2025 today, with an intraday decline of 3.49%.

Westwater Resources’ stock has lost 3.56% over two trading days amid strategic and operational headwinds. A key factor is the termination of its off-take agreement with Stellantis, a major client, which disrupted revenue streams and raised concerns about securing long-term contracts in the competitive battery materials market. The company reported a Q3 2025 loss of $0.12 per share, exacerbating investor uncertainty. Meanwhile, Westwater has raised $55 million via an ATM program and convertible notes to sustain operations, though liquidity remains tied to short-term financing. The firm also secured a U.S. patent for eco-friendly graphite purification, aiming to bolster its position in domestic battery material production, but scalability remains unproven.

Broader risks include volatility in graphite pricing, permitting delays for its Kellyton Phase One project, and reliance on government funding for critical mineral initiatives. These factors create uncertainty for investors, despite management’s focus on optimizing the Kellyton project and reducing shareholder dilution. Analysts from H.C. Wainwright have maintained a “Buy” rating with price targets of $1.75–$2.50 as of November 2025, though recent strategic setbacks and regulatory dependencies may temper near-term optimism.

With cash reserves at $53 million as of November 5, 2025, Westwater’s path to profitability hinges on navigating permitting hurdles, stabilizing revenue sources, and proving the commercial viability of its patented technology in a market sensitive to geopolitical and commodity price shifts.