The shares of Renergen fell over 5% in recent trading on Wednesday after the firm said late on Tuesday that key conditions for the merger between Renergen and ASP Isotopes had been received, and the final regulatory approvals from South Africa were the primary gating item before the merger is completed.

The firm and the Springbok solar project executed both a settlement and coexistence agreement, under which both the Virginia gas project and the solar project can operate within the designated area, with clear protocols for ongoing communication and operational coordination.

The firm's liquefied natural gas production fell to 987 tons in the quarter compared to 1,311 tons from the previous quarter's production.