ASP Isotopes Inc. enters into Definitive Agreements with TerraPower including Loan Agreement for Construction of a HALEU Production Facility and Supply Agreements for HALEU

Core Viewpoint - ASP Isotopes Inc. has entered into multiple agreements with TerraPower to support the construction of a new uranium enrichment facility in South Africa, aimed at producing High Assay Low-Enriched Uranium (HALEU) for various industries [1][4]. Financing and Agreements - The Loan Agreement with TerraPower includes conditional commitments for a term loan to finance the new uranium enrichment facility at Pelindaba, South Africa [2]. - The Company is also seeking additional capital from financial institutions, which is expected to be non-dilutive to shareholders [2]. Facility Details - The initial HALEU production facility will be located at Pelindaba, South Africa, pending necessary permits and licenses [3]. - The facility is designed to produce approximately 15 metric tons of HALEU annually, with initial production expected to start in 2027 [4]. Job Creation and Economic Impact - The construction of the facility is anticipated to create hundreds of full-time jobs and support thousands of additional jobs across a manufacturing supply chain [4][8]. Supply Agreements - Two supply agreements have been established with TerraPower for HALEU, including a core supply agreement for the Natrium project in Wyoming and a long-term agreement for up to 150 metric tons of HALEU from 2028 to 2037 [5][7]. Technology and Innovation - The Company utilizes two proprietary enrichment technologies: the Aerodynamic Separation Process and the Quantum Enrichment Process, which are expected to lower capital costs and reduce construction time compared to traditional methods [6][9]. - There is a growing demand for various isotopes, including those for healthcare and green energy applications, which the Company aims to address through its advanced technologies [9].