Business
ASP Isotopes Inc. Hosts Investor Access Event in South Africa Providing Updates on its Silicon-28, Ytterbium-176 and Carbon-14 Facilities
- This week the Company welcomes a group of institutional investors from around the world to its facilities located in Pretoria, South Africa for a two-day
About this update from Asp Isotopes Inc.
[{"type":"text","content":"- This week the Company welcomes a group of institutional investors from around the world to its facilities located in Pretoria, South Africa for a two-day investor access event. - During the investor access event, the Company intends to show the investors the results achieved from Quantum Enrichment demonstrating an enrichment factor of up to 678, versus previous expectations of greater than 50. This compares to an enrichment factor of less than 20 for other laser-based enrichment approaches. - Commissioning of the Silicon-28 and Ytterbium-176 facilities is currently running ahead of schedule with commercial production expected to commence during the first quarter of 2025 versus previous expectations of the first half of 2025. - The first shipment of Carbon-14 feedstock is currently in transit and anticipated to arrive in South Africa in January, with the second shipment expected to arrive in February/March, allowing for expected commercial production of enriched Carbon-14 and sales during the first half of 2025. WASHINGTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- ASP Isotopes Inc. NASDAQ: ASPI (\"ASP Isotopes” or the “Company”), an advanced materials company dedicated to the development of technology and processes for the production of isotopes for use in multiple industries, today welcomes a group of 27 investors from 9 different countries to its facilities in South Africa for a two-day investor access event. The facilities tour will include our Operational Head Office, Research and Development Center, first Quantum Enrichment Laser Isotope Facility (Ytterbium-176), Carbon-14 enrichment facility, multi-isotope enrichment facility (Silicon-28) and PET Labs. Investors will also spend a morning at Pelindaba, the operational base of Necsa (South African Nuclear Engineering Corporation), which is the site where the planned joint venture between ASP Isotopes, Quantum Leap Energy and Necsa expects to construct their first advanced nuclear fuels production facility. The Company will present to investors the enrichment data that has been achieved to date using Quantum Enrichment (QE), the Company’s laser-based approach to isotope enrichment. QE has delivered enrichment factors of up to 678, which have been achieved on four different elements. ASP Isotopes uses QE, not AVLIS as its laser-based enrichment approach. During the investor event, ...