WESTWATER RESOURCES, INC. (WWR) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 218.29% of current shares
Recent Dilution: 486.45% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
120M
Potential Supply
270M
Additional shares possible
Splits
None
Past 2 years

Summary

WWR currently has 123M outstanding shares. with significant dilution risk as 268M authorized shares could dilute existing holders by 218.3%. The company has significantly diluted shareholders by 486.45% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 122.6M shares outstanding

120M 270M
Mar 19, 2026

10-K filing | 124.7M shares outstanding

120M 270M
Nov 12, 2025

10-Q filing | 118.0M shares outstanding

120M 270M
Aug 13, 2025

10-Q filing | 86.2M shares outstanding

86M 300M
May 14, 2025

10-Q filing | 76.4M shares outstanding

76M 310M
Mar 20, 2025

10-K filing | 71.3M shares outstanding

71M 320M
Nov 14, 2024

10-Q filing | 58.4M shares outstanding

58M 330M
Sep 06, 2024

S-1 filing: This S-1 filing describes an offering of up to 11,668,189 shares of common stock by the selling stockholder, Lincoln Park Capital Fund, LLC, with the company potentially receiving up to $30.0 million aggregate gross proceeds subject to certain limitations.

12M 380M
Aug 30, 2024

8-K filing: Westwater Resources entered into a purchase agreement with Lincoln Park Capital for the sale of up to $30.0 million of common stock and an ATM offering agreement with H.C. Wainwright for the sale of shares having an aggregate sales price of up to $8,050,000.

12M 370M
Aug 26, 2024

S-3/A filing: Westwater Resources files an S-3/A registration statement to offer and sell up to $150,000,000 of any combination of common stock, debt securities, warrants, and units from time to time.

57M 320M
Aug 14, 2024

10-Q filing | 57.4M shares outstanding

57M 320M
Jul 03, 2024

S-3 filing: Westwater Resources, Inc. files an S-3 registration statement to offer and sell up to $150,000,000 of common stock, debt securities, warrants, and units from time to time.

57M 320M
May 14, 2024

10-Q filing | 56.1M shares outstanding

56M 9.9M
Mar 19, 2024

10-K filing | 52.0M shares outstanding

52M 14M
Nov 14, 2023

10-Q filing | 53.0M shares outstanding

53M 13M
Aug 14, 2023

10-Q filing | 51.1M shares outstanding

51M 15M
May 10, 2023

10-Q filing | 49.4M shares outstanding

49M 17M
Mar 06, 2023

10-K filing | 49.9M shares outstanding

50M 16M
Nov 09, 2022

10-Q filing | 47.5M shares outstanding

47M 19M
Aug 10, 2022

10-Q filing | 47.1M shares outstanding

47M 19M
May 10, 2022

10-Q filing | 47.2M shares outstanding

47M 19M
Feb 11, 2022

10-K filing | 32.7M shares outstanding

33M 33M
Nov 10, 2021

10-Q filing | 35.3M shares outstanding

35M 31M
Aug 11, 2021

10-Q filing | 34.6M shares outstanding

35M 31M
Jun 25, 2021

S-3 filing: Westwater Resources, Inc. intends to offer and sell up to $150,000,000 of any combination of common stock, debt securities, warrants, and units from time to time.

32M 34M
May 12, 2021

10-Q filing | 32.3M shares outstanding

32M 5.5M
Feb 16, 2021

10-K filing | 29.4M shares outstanding

29M 8.5M
Dec 04, 2020

8-K filing: Westwater Resources entered into a purchase agreement with Lincoln Park Capital Fund, LLC, for the sale of up to $100.0 million of the Company's common stock and will issue 150,000 shares of common stock to Lincoln Park as consideration for its commitment.

19M 19M
Nov 20, 2020

S-3 filing: Westwater Resources files an S-3 shelf registration to offer and sell up to $150,000,000 of common stock, debt securities, warrants, and units from time to time.

19M 19M
Nov 12, 2020

10-Q filing | 19.0M shares outstanding

19M 0
Sep 25, 2020

S-1 filing: This S-1 filing registers 3,243,000 shares of common stock for resale by Lincoln Park Capital Fund, LLC, acquired through a purchase agreement, with the company not receiving any proceeds from the sale.

9.7M 0
Aug 05, 2020

10-Q filing | 7.6M shares outstanding

7.6M 0
Jun 19, 2020

S-1/A filing: This S-1/A filing registers 1,971,000 shares of common stock for resale by Lincoln Park Capital, which may be issued under a purchase agreement where Lincoln Park has committed to purchase up to $12,000,000 of the company's common stock.

5.9M 0
Jun 01, 2020

S-1 filing: This S-1 filing registers 1,971,000 shares of common stock for resale by Lincoln Park Capital, acquired through a purchase agreement where the company may sell up to $12,000,000 of common stock to Lincoln Park Capital.

5.9M 0
May 22, 2020

8-K filing: Westwater Resources, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, for the sale of up to $12.0 million of the Company's common stock. As an initial purchase on May 21, 2020, Lincoln Park bought $250,000 worth of Common Stock of the Company at a price of $1.2989 per share and the Company issued to Lincoln Park 156,250 shares of Common Stock as consideration for its commitment.

5.6M 0
May 13, 2020

10-Q filing | 5.6M shares outstanding

5.6M 0
Apr 08, 2020

S-3/A filing: Westwater Resources files an S-3/A registration statement to offer and sell up to $50,000,000 of common stock, debt securities, warrants, and units, in any combination.

4.9M 240K
Feb 28, 2020

S-1 filing: This S-1 filing registers 1,006,466 shares of Westwater Resources, Inc.'s common stock for resale by the selling stockholder, Lincoln Park Capital Fund, LLC, which shares have been or may be purchased pursuant to a purchase agreement.

4.3M 870K
Feb 28, 2020

S-3 filing: This is an S-3 filing for a shelf registration to offer and sell up to $50,000,000 of common stock, debt securities, warrants, and units from time to time.

4.3M 870K
Feb 14, 2020

10-K filing | 4.2M shares outstanding

4.2M 0
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