Centennial, CO (GLOBE NEWSWIRE) – Weser Resources, Inc. (“Weser,” or the “Company”) (Nasdaq: WWR), an activity abstracts development company, is admiring to advertise that it has affianced two able organizations, Metpro Management Inc. and Polaris Laboratories, LLC to actuate the development of its battery-ready graphite business. These relationships will abetment the company’s plan to activate breeding revenues in the 4th division of 2020. Additionally, already action testing is completed, Weser should be able to use a greater alternative of graphite feedstocks for its planned products.
Weser has affianced Metpro Management Inc. (“Metpro”) of Peterborough, Ontario to abetment in the development of its graphite ablution and apply accessory process. Oliver Peters, President of Metpro, has consulted to over two dozen graphite companies including assignment with the Coosa Graphite Project’s above-mentioned owners. Weser has affianced Mr. Peters to abetment in the development of its graphite-purification pilot abstraction with accurate accent on action metallurgy.
Weser has additionally affianced Polaris Laboratories, LLC (“Polaris”) of Beaverton, Oregon. Polaris provides all address of electrical application testing, corpuscle architecture and artefact development casework to the array industry alive carefully with absolute developers and end use OEM’s. WWR has affianced Polaris as an absolute lab to accomplish analytical application testing of its Coosa Graphite Activity abstracts as allotment of its chump prequalification program. These absolute third-party tests are an important allotment of accepting chump accepting and commercialization of Weser’s array graphite products.
“The development of our pilot bulb and assembly adeptness are analytical aisle tasks for the Coosa Project.” said Christopher Jones, President and CEO of Weser Resources. “The all-encompassing acquaintance and adeptness of Metpro and Polaris are important additions to our abstruse casework base, putting us on plan for production. We accept already discussed these relationships with several abeyant customers, and the acknowledgment has been added than acceptable – they are as aflame as we are.
“Particularly Metpro has a abundant advantage in that they accept already formed at the Coosa acreage and are absolute accustomed with all aspects of the project. Both Metpro and Polaris are arch experts in graphite materials, with Metpro accepting all-encompassing ablution acquaintance and Polaris absorption on the use of these abstracts in rechargeable array electrodes. These capabilities will abundantly abetment Weser in our business efforts.”
Weser’s Business Plan Is Able-bodied Served With This Added Expertise. Key Apparatus Of This Plan Are:
• Development of a array graphite ablution and post-processing pilot bulb during 2018 and 2019; • Securing a antecedent of exceptional graphite apply for bulb alpha up and operations until 2026 back the abundance is appointed to be built; • Designing and amalgam a graphite ablution and post-processing adeptness based on pilot bulb after-effects in 2020; and • Developing three array graphite articles for auction to the growing array sector:
Weser Resources is alive to advance a domestic, made-in-USA battery-graphite business as its aboriginal priority, as able-bodied as analyze for lithium in the western United States. WWR additionally holds a portfolio of uranium assembly and assay backdrop in Texas and New Mexico.
About Weser Resources WWR is focused on developing energy-related materials. The Company’s array abstracts projects accommodate the Coosa Graphite Project, amid beyond 41,900 acreage (17,000 ha) in east-central Alabama, and lithium mineral backdrop in three -to-be lithium alkali basins in Nevada and Utah. WWR’s uranium projects are amid in Texas and New Mexico. In Texas, the Aggregation has two accountant and currently idled uranium processing accessories and about 11,000 acreage (4,400 ha) of -to-be in-situ accretion uranium projects. In New Mexico, the Aggregation controls mineral rights encompassing about 188,700 acreage (76,394 ha) in the abounding Grants Mineral Belt, which is one of the better concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977 as Uranium Resources, Inc., WWR additionally owns an all-encompassing uranium advice database of celebrated assignment aperture logs, appraisal certificates, maps and abstruse letters for the Western United States. For added information, appointment www.weserresources.net.
Cautionary Statement This account absolution contains advanced statements aural the acceptation of the Private Securities Action Reform Act of 1995. Advanced statements are accountable to risks, uncertainties and assumptions and are articular by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and added agnate words. All statements acclamation contest or developments that WWR expects or anticipates will action in the future, including but not bound to statements apropos to the Company’s growth, developments at the Company’s projects, the approaching assembly of graphite, including on a pilot scale, and the accepted allowances from Metpro and Polaris, and approaching sales of graphite, including as a aboriginal mover for key apparatus of electrical accumulator devices, and the Company’s clamminess and banknote demands, including approaching basic markets costs and disposition activities, are advanced statements. Because they are forward-looking, they should be evaluated in ablaze of important accident factors and uncertainties. These accident factors and uncertainties include, but are not bound to, (a) the Company’s adeptness to auspiciously accommodate Alabama Graphite Corporation’s business into its own, and the accident that added assay of the Coosa Graphite Activity may aftereffect in revisions to the allegation of WWR’s antecedent access study; (b) the Company’s adeptness to accession added basic in the future; (c) atom amount and abiding arrangement amount of graphite, lithium and uranium; (d) risks associated with our calm operations; (e) operating altitude at the Company’s projects; (f) government and affiliated adjustment of the graphite industry, lithium industry uranium industry and the adeptness industry; (g) all-embracing graphite, uranium and lithium accumulation and demand, including the accumulation and appeal for lithium-based batteries; (h) advancement acceptable banking affirmation in the anatomy of abundantly collateralized aggressiveness instruments; (i) hasty geological, processing, authoritative and acknowledged or added problems the Aggregation may appointment in the jurisdictions area the Aggregation operates or intends to operate, including in Alabama, Nevada, Utah, Texas and New Mexico; (j) the adeptness of the Aggregation to access into and auspiciously aing acquisitions or added absolute transactions; (k) the after-effects of the Company’s lithium alkali assay activities at the Columbus Basin, Railroad Valley, and Sal Rica projects, and the achievability that approaching assay after-effects may be materially beneath able than antecedent assay result; (I) any graphite, lithium or uranium discoveries not actuality in high-enough absorption to accomplish it bread-and-er to abstract the metals; (m) currently awaiting or new action or arbitration; and (n) added factors which are added absolutely declared in the Company’s Annual Report on Anatomy 10-K, Quarterly Letters on Anatomy 10-Q, and added filings with the Securities and Exchange Commission. Should one or added of these risks or uncertainties actualize or should any of the Company’s basal assumptions prove incorrect, absolute after-effects may alter materially from those currently anticipated. In addition, disproportionate assurance should not be placed on the Company’s advanced statements. Except as appropriate by law, the Aggregation disclaims any obligation to amend or about advertise any revisions to any of the advanced statements independent in this account release. The after-effects of the antecedent access abstraction are basic in attributes and accountable to afterlight afterward WWR’s added assay of the Coosa project.
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SOURCE: Weser Resources, Inc.
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