ASP Isotopes' Renergen Subsidiary Secures 5-Year Helium Supply Deal
ASP Isotopes Inc. announced that Tetra4 Proprietary Limited, a subsidiary of Renergen Limited, has entered into its first take-or-pay contract for the supply of contained helium. The five-year agreement with an Asian industrial gases company is priced at over $600/MCF and covers approximately 15% of the Virginia Gas Project's Phase 1 expected nameplate capacity. Commercial operations for Phase 1 are targeted for Q3 2026, with Phase 2 construction, which is 13 times larger, expected to begin in 2H 2026, supported by up to $750 million in conditional debt financing. The company highlighted the critical global helium supply disruption, positioning the project as a vital contributor to diversifying supply.
Key Highlights
- Tetra4, a Renergen subsidiary, secured a 5-year take-or-pay helium supply contract.
- The agreement is with an Asian industrial gases company for supply from the Virginia Gas Project.
- The contract is priced at greater than $600/MCF of contained helium.
- This deal represents approximately 15% of Phase 1's expected 70 MCF/day nameplate capacity.
- Phase 1 commercial operations are targeted to commence during the third quarter of 2026.
- Phase 2 construction is expected to start in 2H 2026, being 13 times larger than Phase 1.
- Phase 2 has conditional approval for up to $750 million in senior debt financing.
- ASP Isotopes expects to complete contracting for remaining Phase 1 volumes in Q3 2026.
Price Impact
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