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InsideArbitrage Potential Deal Alert: Idaho Strategic Resources (IDR) submitted a non-binding proposal to WWR management (WWR)

  • December 26, 2022


StockWestwater Resources, Inc.SymbolWWR
Date Announced12/15/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Idaho Strategic Resources

Idaho Strategic Resources (IDR) announced 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). 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’.


January 25, 2023: Idaho Strategic Resources (IDR) reiterated its $1.36 a share proposal to buy Westwater Resources Inc. (WWR)

February 14, 2023: Idaho Strategic Resources (IDRwithdraws its business combination proposal to acquire Westwater Resources (WWR) for $1.36 per share due to the Board of Directors of Westwater’s continued unwillingness to constructively engage in discussions around a potential combination.



Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.