ASP Isotopes Inc. Enters Into Memorandum Of Understanding With Second US-Based Small Modular Reactor Company To Supply High Assay Low Enriched Uranium
Portfolio Pulse from Benzinga Newsdesk
ASP Isotopes Inc. has signed an MOU with a second US-based SMR company to develop a HALEU production facility, aiming to meet the growing demand for nuclear fuel. The Quantum Enrichment process, developed by ASP Isotopes and its subsidiary Quantum Leap Energy LLC, is expected to lower production costs and support the operation of small modular reactors (SMRs). With no current Western producers of HALEU in commercial quantities, ASP Isotopes anticipates a significant market opportunity, with potential customer interest exceeding $30 billion. The company plans to finance the project through customer pre-orders and partnerships.
November 27, 2023 | 1:17 pm
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ASP Isotopes Inc. has entered into an MOU for HALEU production, with potential customer interest over $30 billion, using its proprietary Quantum Enrichment process.
The MOU for HALEU production positions ASPI at the forefront of a growing market with no current Western competition. The potential $30 billion interest from customers indicates a strong market demand, which is likely to positively impact investor sentiment and ASPI's stock price in the short term. The company's innovative technology and financing strategy through pre-orders and partnerships further strengthen its market position.
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IMPORTANCE 90
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