ASP Isotopes Inc. Enters Into a Contract with U.S.-Based Small Modular Reactor (SMR) Company for Project Focused on Engineering Design and Planning for Enrichment Facility for the Production of Advanced Nuclear Fuels

Core Insights - ASP Isotopes Inc. has entered into a contract with a U.S.-based SMR company for preliminary engineering design and planning of an enrichment facility for nuclear fuels, with potential payments totaling up to $2.0 million [1][2] Company Overview - ASP Isotopes Inc. is a pre-commercial stage advanced materials company focused on developing technology and processes for isotope production across multiple industries, employing proprietary Aerodynamic Separation Process technology [4] - The company aims to produce highly enriched isotopes for healthcare and technology sectors, as well as for the nuclear energy sector using Quantum Enrichment technology [4] Industry Context - The demand for advanced nuclear fuels is expected to increase significantly over the next fifty years, with a focus on HALEU and Lithium-6 for future SMRs and nuclear fusion applications [2] - Global energy consumption is projected to double in the next 30 years, necessitating a zero increase in carbon emissions to meet 2050 climate goals [2] - There is a growing demand for various isotopes, including Silicon-28 for quantum computing and Molybdenum isotopes for healthcare applications, as well as Chlorine-37, Lithium-6, and Uranium-235 for green energy [5]