ASP Isotopes provides corporate update

ASP Isotopes provided a corporate update regarding the Company’s operations in Pretoria, South Africa. During December 2023, the Company and its North American commercial partner, RC14 Inc., started processing the raw materials for the production of highly enriched carbon-14, at the Company’s light isotope enrichment facility in Pretoria, South Africa. During June 2023, the Company entered into a multi-year carbon-14 take-or-pay contract with a minimum revenue commitment of $2.5 million per annum. Processing the materials for the first batch of carbon-14 is expected to take approximately six months, with the Company still expecting to receive the first revenues from this contract during 1H 2024. The Company has also started the construction of its third isotope enrichment facility in Pretoria, South Africa. This third enrichment facility is expected to produce kilogram quantities of highly enriched Ytterbium-176, an important stable isotope used in the production of Lutetium-177. The Company aims to start commercial production of Ytterbium-176 during 2025. This new Ytterbium-176 enrichment facility will be the Company’s first commercial plant to utilize Quantum Enrichment, an advanced isotope enrichment technique that is currently under development by ASP Isotopes and its energy subsidiary, Quantum Leap Energy, QLE.