Idaho Strategic Resources' CEO Provides Business Combination Proposal to Westwater Resources' Stakeholders

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Dec 22, 2022

COEUR D'ALENE, ID / ACCESSWIRE / December 22, 2022 / Idaho Strategic Resources (NYSE American:IDR) ("IDR" or the "Company") is announcing that on 12/15/22 it submitted a non-binding proposal to WWR management to acquire all of the outstanding shares of common stock of Westwater Resources (WWR) ("WWR" or "Westwater"). The non-binding proposal was accompanied by a short presentation outlining potential terms and the anticipated benefits of such a business combination. The proposal was declined via email by Westwater's Executive Chairman, on 12/19/22 as ‘not being in the best interests of the Company at this time and they will not pursue the proposal further'.