ASP Isotopes Provides Corporate Update Regarding Pretoria, South Africa Operations
Portfolio Pulse from Benzinga Newsdesk
ASP Isotopes has provided an update on its operations in Pretoria, South Africa. The company, along with its North American commercial partner RC14, began processing feedstock for enriched Carbon-14 in December 2023. ASP Isotopes anticipates generating revenue and cash flow from this product in the first half of 2024. Additionally, the company has started building its third isotope enrichment facility, which will produce Ytterbium-176 and is expected to begin operations in 2025.
January 10, 2024 | 1:41 pm
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ASP Isotopes has begun processing enriched Carbon-14 and expects revenue from it in 1H 2024. The company is also constructing a new facility for Ytterbium-176 production, aiming to start operations in 2025.
The commencement of Carbon-14 processing and the construction of a new facility for Ytterbium-176 production are positive developments for ASP Isotopes, indicating potential revenue growth and expansion of operations. These updates are likely to be viewed favorably by investors, potentially leading to a short-term increase in ASPI's stock price.
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