ASP Isotopes unit signs joint venture agreement with Necsa for HALEU production in South Africa
ASPI•An ASP Isotopes subsidiary signed a binding agreement with Necsa to develop a HALEU production joint venture at South Africa’s Pelindaba site. Quantum Leap Energy will own about 80% and lead operations, while Necsa will own about 20%.
1. Joint venture terms
Quantum Leap Energy will arrange capital for the venture and lead operations. Necsa will provide site access, nuclear safeguards support and regulatory assistance. The venture plans to develop a commercial-scale production facility, and Quantum Leap Energy has secured HALEU offtake through supply agreements with TerraPower.
