MONTGOMERY, Alabama — Westwater Resources Inc. announced plans today to build a first-of-its-kind advanced graphite processing plant in Coosa County, putting Alabama at the forefront in the production of an essential material in batteries that power electrical vehicles, electronics and other green energy products and equipment.
Westwater said its Alabama Graphite Products LLC subsidiary plans to make an initial investment of $80 million or more to build the graphite processing plant in Kellyton, near Alexander City. A second phase of the project will increase the total investment to $124 million.
Centennial, Colorado-based Westwater — a mineral resources company committed to exploring and developing materials for clean, sustainable energy production — said construction will start later this year, with the graphite processing plant operating by the end of 2022.
“This plant not only will make Alabama the U.S. leader in graphite production, the go-to place for this important resource in battery manufacturing, it also will elevate our standing even more as a major player in the fast-growing electric vehicle sector,” Governor Kay Ivey said.