0001641172-25-023303.txt : 20250813 0001641172-25-023303.hdr.sgml : 20250813 20250813062238 ACCESSION NUMBER: 0001641172-25-023303 CONFORMED SUBMISSION TYPE: SCHEDULE 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20250813 DATE AS OF CHANGE: 20250813 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTWATER RESOURCES, INC. CENTRAL INDEX KEY: 0000839470 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] ORGANIZATION NAME: 01 Energy & Transportation EIN: 752212772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-40754 FILM NUMBER: 251208863 BUSINESS ADDRESS: STREET 1: 6950 S. POTOMAC STREET STREET 2: SUITE 300 CITY: CENTENNIAL STATE: CO ZIP: 80112 BUSINESS PHONE: (303) 531-0470 MAIL ADDRESS: STREET 1: 6950 S. POTOMAC STREET STREET 2: SUITE 300 CITY: CENTENNIAL STATE: CO ZIP: 80112 FORMER COMPANY: FORMER CONFORMED NAME: URANIUM RESOURCES INC /DE/ DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ayrton Capital LLC CENTRAL INDEX KEY: 0001698148 ORGANIZATION NAME: EIN: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G BUSINESS ADDRESS: STREET 1: 55 POST RD WEST STREET 2: 2ND FLOOR CITY: WESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: 646-793-9056 MAIL ADDRESS: STREET 1: 55 POST RD WEST STREET 2: 2ND FLOOR CITY: WESTPORT STATE: CT ZIP: 06880 SCHEDULE 13G 1 primary_doc.xml SCHEDULE 13G 0001698148 XXXXXXXX LIVE Common Stock, $0.001 par value 06/30/2025 0000839470 WESTWATER RESOURCES, INC. 961684206 6950 S. Potomac Street, Suite 300 Centennial CO 80112 Rule 13d-1(b) Ayrton Capital LLC b DE 8488000.00 0.00 8488000.00 0.00 8488000.00 N 10.0 IA Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B b E9 8488000.00 0.00 8488000.00 0.00 8488000.00 N 10.0 CO Waqas Khatri b X1 8488000.00 0.00 8488000.00 0.00 8488000.00 N 10.0 IN WESTWATER RESOURCES, INC. 6950 S. Potomac Street, Suite 300, Centennial, COLORADO, 80112. (i) Ayrton Capital LLC; (ii) Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B; and (iii) Waqas Khatri (i) Ayrton Capital LLC, 55 Post Rd West, 2nd Floor Westport, CT 06880; (ii) Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B, Suite #7 Grand Pavilion Commercial Centre, 802 West Bay Road, Grand Cayman, P.O. Box 10250, Cayman Islands; and (iii) Waqas Khatri 55 Post Rd West, 2nd Floor Westport, CT 06880 (i) Ayrton Capital LLC: United States; (ii) Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B: Cayman Islands; and (iii) Waqas Khatri: United States N IA Ayrton Capital LLC: 8,488,000; (ii) Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B: 8,488,000; and (iii) Waqas Khatri: 8,488,000. Represents 8,488,000 shares of Common Stock issuable on conversion of a convertible note (the "Note") held by the Reporting Persons. The issuable shares of Common Stock related to the conversion of the Note are subject to a 9.99% beneficial ownership blocker. The shares reported herein represent Common Stock of Westwater Resources, Inc. (the "Issuer") held by Alto Opportunity Master Fund, SPC- Segregated Master Portfolio B, a Cayman Islands exempted company (the "Fund"). The Fund is a private investment vehicle for which Ayrton Capital LLC, a Delaware limited liability company (the "Investment Manager"), serves as the investment manager. Waqas Khatri serves as the managing member of the Investment Manager (all of the foregoing, collectively, the "Reporting Persons"). The percentages below are based on (i) 76,408,761 shares of Common Stock of the Issuer that were outstanding as of May 14, 2025; and (ii) 8,488,000 shares of Common Stock issuable on the conversion of the Note held by the Reporting Persons. The amount of shares outstanding was based upon a statement in the Issuer's Form 10-Q filed on May 14, 2025. For the sake of clarity, the holdings of the Reporting Persons reported herein are as of June 30, 2025. (i) Ayrton Capital LLC: 9.99%; (ii) Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B: 9.99%; and (iii) Waqas Khatri: 9.99%. (i) Ayrton Capital LLC: 8,488,000; (ii) Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B: 8,488,000; and (iii) Waqas Khatri: 8,488,000 (i) Ayrton Capital LLC: 0; (ii) Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B: 0; and (iii) Waqas Khatri: 0 (i) Ayrton Capital LLC: 8,488,000; Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B: 8,488,000; Waqas Khatri: 8,488,000 (i) Ayrton Capital LLC: 0; (ii) Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B: 0; (iii) Waqas Khatri: 0 Y N Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Ayrton Capital LLC /s/ Waqas Khatri 08/13/2025 Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B /s/ Waqas Khatri 08/13/2025 Waqas Khatri /s/ Waqas Khatri 08/13/2025