Quantum Leap Energy, a wholly-owned subsidiary of ASP Isotopes Inc., signed a binding Heads of Agreement with the Nuclear Energy Corporation of South Africa (Necsa) to establish a joint venture. The partnership will develop, finance, and operate a test bench and commercial-scale facility for producing High-Assay Low-Enriched Uranium (HALEU) at Necsa's Pelindaba site in South Africa. Quantum Leap Energy will hold approximately 80% ownership and lead operations, while Necsa contributes site access, regulatory support, and infrastructure. The project already has secured offtake agreements with TerraPower for the produced HALEU. ASP Isotopes Inc. is an advanced materials company focused on developing technologies and processes for the production of critical isotopes used in nuclear medicine, electronics, and nuclear energy.
