Idaho Strategic Resources (IDR) sent the following letter to the Board of Directors of Westwater Resources (WWR) regarding its preliminary business combination proposal to acquire all outstanding shares of Westwater at approximately $1.36 per share in IDR stock… "As you know, on December 15 we delivered a compelling proposal for Idaho Strategic to combine with WWR to create a unique critical minerals company within the U.S. mining industry. We have since reiterated that proposal in numerous private attempts at engagement – unfortunately, without any meaningful or constructive responses from you. Importantly, we do not believe that yet another of WWR’s recent executive changes should interfere with the Board’s further consideration of our offer or engagement with us…WWR shareholders deserve better, and we urge you to immediately open the lines of communication."
Published first on TheFly
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