ASP Isotopes Inc. Enters Into Memorandum Of Understanding With A Small Modular Reactor Company To Supply High Assay Low Enriched Uranium
Portfolio Pulse from Benzinga Newsdesk
ASP Isotopes Inc. (ASPI) has entered into a Memorandum of Understanding (MOU) with a small modular reactor company to supply High Assay Low Enriched Uranium (HALEU). ASPI has created a new subsidiary, Quantum Leap Energy LLC (QLE), to focus on the development of Quantum Enrichment Process technology, with a goal to supply commercial quantities of HALEU for Small Modular Reactors by 2027. The company anticipates a demand of $30 billion for HALEU. QLE operations are expected to be primarily funded by customers through investments and prepayments. ASPI is considering plans for a future spin-off of the QLE business to ASPI shareholders.
September 28, 2023 | 12:06 pm
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POSITIVE IMPACT
ASPI's MOU with a small modular reactor company and the creation of QLE for HALEU production could potentially increase the company's revenues. The anticipated $30 billion demand for HALEU and the potential spin-off of QLE could also positively impact ASPI's stock.
ASPI's MOU with a small modular reactor company and the creation of QLE to focus on HALEU production could potentially increase the company's revenues. The anticipated $30 billion demand for HALEU indicates a significant market for the company's product. Additionally, the potential spin-off of QLE could provide additional value to ASPI shareholders, which could positively impact the company's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100