ASP Isotopes Announces Accelerated Success in Enriching Ytterbium-176 Using Quantum Enrichment, Achieving Initial Output Within 6 Weeks and Targeting 99.75% Enrichment with Commercial Availability by 2025; Plans for Nickel-64, Lithium-6/7 Plants and HALEU Facility Authorization Ongoing

- The Company has accelerated the commissioning phase of its first Quantum Enrichment plant and produced the first semi-finished material of enriched Ytterbium-176.

- Commissioning phase was initially anticipated to take 3-6 months, but the Company produced enriched Ytterbium-176 during the first 6 weeks.

- The Company expects to be able to achieve a 99.75% enrichment for Ytterbium-176 and offer highly enriched Ytterbium-176 for commercial sale during 2025, with samples available during 1Q 2025. Contact details for prospective customers are provided below.

- The Company expects to proceed with the plans to construct Nickel-64 and Lithium-6/7 Quantum Enrichment plants with targeted production during 2025.

- The Company expects to continue its discussions with government authorities and regulators for the authorization to construct HALEU uranium enrichment facilities using Quantum Enrichment.

WASHINGTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- ASP Isotopes Inc. NASDAQ: ASPI ("ASP Isotopes" or the "Company"), an advanced materials company dedicated to the development of technology and processes for the production of isotopes for use in multiple industries, today announced the successful enrichment of Ytterbium-176 using Quantum Enrichment, a novel laser isotope enrichment technique developed by scientists at ASP Isotopes working with world class scientists at universities in South Africa.