ASP Isotopes Inc. Secures $22M Loan Agreement with TerraPower for Uranium Enrichment Facility

Reuters

05-23

<a href="https://laohu8.com/S/ASPI">ASP Isotopes Inc.</a> Secures $22M Loan Agreement with TerraPower for Uranium Enrichment Facility

ASP Isotopes Inc., a Delaware-based company, has entered into a significant agreement with TerraPower, a US nuclear innovation firm, to support the construction of a new uranium enrichment facility. This facility will produce High Assay Low-Enriched Uranium (HALEU) and supply it to TerraPower. Under the loan agreement signed on May 16, 2025, TerraPower will provide conditional financial commitments amounting to $22 million to ASP Isotopes' subsidiary, QLE TP Funding SPE LLC. The loan is guaranteed by ASP Isotopes Inc. and Quantum Leap Energy LLC, with a maturity date set for May 16, 2032. The agreement includes a long-term supply arrangement without minimum purchase requirements, allowing ASP Isotopes to sell excess HALEU to other buyers if TerraPower does not meet certain purchase criteria. The contract also outlines responsibilities for liquidated damages in case of delays, with specific provisions for force majeure events.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASP Isotopes Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-25-004124), on May 22, 2025, and is solely responsible for the information contained therein.

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Secures $22M Loan Agreement with TerraPower for Uranium Enrichment Facility","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ASPI\">ASP Isotopes Inc.</a> Secures $22M Loan Agreement with TerraPower for Uranium Enrichment Facility\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        ASP Isotopes Inc., a Delaware-based company, has entered into a significant agreement with TerraPower, a US nuclear innovation firm, to support the construction of a new uranium enrichment facility. This facility will produce High Assay Low-Enriched Uranium (HALEU) and supply it to TerraPower. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASP Isotopes Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-25-004124), on May 22, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASP Isotopes Inc. 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Secures $22M Loan Agreement with TerraPower for Uranium Enrichment Facility\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-23 05:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ASPI\">ASP Isotopes Inc.</a> Secures $22M Loan Agreement with TerraPower for Uranium Enrichment Facility\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        ASP Isotopes Inc., a Delaware-based company, has entered into a significant agreement with TerraPower, a US nuclear innovation firm, to support the construction of a new uranium enrichment facility. This facility will produce High Assay Low-Enriched Uranium (HALEU) and supply it to TerraPower. Under the loan agreement signed on May 16, 2025, TerraPower will provide conditional financial commitments amounting to $22 million to ASP Isotopes' subsidiary, QLE TP Funding SPE LLC. The loan is guaranteed by ASP Isotopes Inc. and Quantum Leap Energy LLC, with a maturity date set for May 16, 2032. The agreement includes a long-term supply arrangement without minimum purchase requirements, allowing ASP Isotopes to sell excess HALEU to other buyers if TerraPower does not meet certain purchase criteria. The contract also outlines responsibilities for liquidated damages in case of delays, with specific provisions for force majeure events.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASP Isotopes Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-25-004124), on May 22, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2506952410.USD","symbol_name":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (USDHDG) ACC A","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250522:nNDL4Tpfr8:1","article_id":"2537392065","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537392065","pubTimestamp":1747949413,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"ASP Isotopes Inc., a Delaware-based company, has entered into a significant agreement with TerraPower, a US nuclear innovation firm, to support the construction of a new uranium enrichment facility. 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Secures $22M Loan Agreement with TerraPower for Uranium Enrichment Facility\n    \n\n        ASP Isotopes Inc., a Delaware-based company, has entered into a significant agreement with TerraPower, a US nuclear innovation firm, to support the construction of a new uranium enrichment facility. This facility will produce High Assay Low-Enriched Uranium (HALEU) and supply it to TerraPower. Under the loan agreement signed on May 16, 2025, TerraPower will provide conditional financial commitments amounting to $22 million to ASP Isotopes' subsidiary, QLE TP Funding SPE LLC. The loan is guaranteed by ASP Isotopes Inc. and Quantum Leap Energy LLC, with a maturity date set for May 16, 2032. The agreement includes a long-term supply arrangement without minimum purchase requirements, allowing ASP Isotopes to sell excess HALEU to other buyers if TerraPower does not meet certain purchase criteria. The contract also outlines responsibilities for liquidated damages in case of delays, with specific provisions for force majeure events.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASP Isotopes Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-25-004124), on May 22, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}