DealsJun 23, 2026, 08:01 AM

ASP Isotopes Subsidiary Secures First Helium Take-or-Pay Contract

AI Summary

ASP Isotopes Inc. announced that its subsidiary, Tetra4, secured its first five-year take-or-pay contract to supply contained helium from the Virginia Gas Project to an Asian industrial gases company. This contract, priced at over $600/MCF, establishes multi-year cash flow for Phase 1, which is targeted for commercial operations in Q3 2026. The company is also progressing with Phase 2 development, expected to be 13 times larger than Phase 1, and highlights the project's importance amid global helium supply disruptions.

Key Highlights

Tetra4 secured first 5-year take-or-pay contract for helium supply.
Contract price is greater than $600/MCF of contained helium.
Agreement represents approximately 15% of Phase 1 nameplate capacity.
Phase 1 commercial operations targeted for Q3 2026.
Phase 1 expected production: 70 MCF/day liquid helium and 2,500 GJ/day LNG.
Phase 2 construction expected to commence during 2H 2026.
Phase 2 is approximately 13 times the size of Phase 1.
Phase 2 has conditional approval for up to $750M senior debt financing.

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ASPI

Major Chemicals

ASP Isotopes Inc.

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