ASP Isotopes Secures Agreement with Gates-Backed TerraPower for HALEU Production Facility
ASP Isotopes (Nasdaq: ASPI) signed a term sheet with TerraPower, an advanced nuclear energy technology company founded by Bill Gates. Under the anticipated agreement, TerraPower will fund the facility’s construction and enter a 10-year exclusive purchase commitment for all HALEU output, essential for fueling next-generation small modular reactors. This move leverages ASP’s proprietary, cost-efficient Quantum Enrichment technology, aiming to accelerate HALEU availability at lower capital costs. The facility, assigned to ASP's Quantum Leap Energy LLC, is set to meet the rising demand for advanced nuclear fuels as the world transitions toward carbon-free energy.
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