WWR - Westwater Resources gains after Idaho Strategic reiterates $1.36/share offer

• Westwater Resources Inc. ( NYSE: WWR ) rose 8.3% after Idaho Strategic Resources ( NYSE: IDR ) reiterated its $1.36 a share proposal to buy the graphite miner. Idaho Strategic gained 1.3%.
• Idaho Strategic ( IDR ) made the proposal on Dec. 15 and reiterated the offer on Wednesday, according to a letter IDR sent to the the Westwater ( WWR ) board.
• Idaho Strategic ( IDR ) still has other options to move forward with its bid including a proxy fight, or potentially a hostile tender, a person with knowledge of the matter told Seeking Alpha.
• "We anticipate that Idaho Strategic’s offer will deliver immediate and long-term value to all Westwater shareholders, in contrast to what Westwater has delivered on its own: long-term stock price decline of more than 95% over the past five years," Idaho Strategic  ( IDR ) wrote in the letter.
• Idaho Strategic ( IDR ) last month said Westwater Resources ( WWR ) rejected its buyout proposal.
• Last Tuesday Westwater Resources ( WWR ) said it appointed Frank Bakker, who has been serving as VP of the company's Alabama Graphite Products unit, as its new president and CEO.

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