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Quantum Leap Energy LLC Completes the Acquisition of One 30 Seven Inc. Assets to Advance Solutions for the Processing of Water-Soluble Nuclear Waste
Globenewswire· 2025-10-23 12:00
Core Viewpoint - ASP Isotopes, Inc.'s subsidiary, Quantum Leap Energy LLC, has acquired assets from One 30 Seven Inc. to enhance its capabilities in nuclear waste decontamination, particularly focusing on water-soluble nuclear waste [1][8]. Acquisition Details - Quantum Leap Energy acquired substantially all assets of One 30 Seven, including an international patent application for treating radioactively contaminated water [2][8]. - The acquisition aims to increase vertical integration in the nuclear fuel cycle, allowing QLE to operate in critical segments such as Conversion, Deconversion, Enrichment, and Nuclear Waste processing [6][8]. Technology and Development - The technology acquired will enable the development of Creber Units, which accelerate the beta decay of high-level waste isotopes like Cesium-137 and Strontium-90, converting them into stable isotopes [3][6]. - Creber Units will be available in four sizes (Micro, Mini, Midi, and Maxi), designed for modular deployment and rapid revenue generation [4][8]. Market Context - The Department of Energy's estimated liability for failing to dispose of commercial spent fuel was $44.5 billion in 2024, highlighting the urgent need for effective nuclear waste management solutions [3][6]. - There are approximately 390,000 Metric Tons of radioactive waste globally, with over 90,000 Metric Tons located in the United States [6]. Financial Aspects - The upfront purchase price for the assets was $150,000 and 266,113 shares of ASPI common stock, with potential additional payments based on the successful completion of Creber Units [9][10]. - QLE has entered into a royalty agreement with One 30 Seven, agreeing to pay a 6.0% royalty on net revenues from product sales for 15 years [11].