Fermi America™ and ASP Isotopes Join Forces to Secure America's Advanced Reactor Fuel Supply
Rhea-AI Summary
ASP Isotopes (NASDAQ: ASPI) has signed a Memorandum of Understanding (MOU) with Fermi America to explore developing a High Assay Low Enriched Uranium (HALEU) enrichment facility in Carson County, Texas. The facility will utilize advanced laser-based isotope separation technology through ASPI's subsidiary Quantum Leap Energy LLC.
The project aims to strengthen U.S. nuclear fuel supply chains and reduce dependence on Russian enrichment. The facility will be located at Fermi America's 11 GW private grid campus, which includes four AP1000® nuclear units. According to the U.S. Department of Energy, HALEU demand could exceed 50 metric tons annually by 2035 in the United States alone.
Positive
- Strategic positioning in the emerging Western HALEU market with significant growth potential
- Partnership with Fermi America provides established location and infrastructure for HALEU facility
- Project addresses critical U.S. nuclear fuel supply chain gap
- Growing market opportunity with projected 50+ metric tons annual HALEU demand by 2035
Negative
- Project is still in early MOU stage with no firm commitments
- Significant capital investment likely required for facility development
- Technology implementation risks with advanced laser-based isotope separation
News Market Reaction – ASPI
On the day this news was published, ASPI declined 11.92%, reflecting a significant negative market reaction. Argus tracked a trough of -16.3% from its starting point during tracking. Our momentum scanner triggered 25 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $131M from the company's valuation, bringing the market cap to $966M at that time.
Data tracked by StockTitan Argus on the day of publication.
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The planned facility would use advanced laser-based isotope separation technology to produce HALEU — a specialized nuclear fuel essential for many Generation IV and small modular reactor (SMR) designs. With very few commercial HALEU suppliers currently operating in the Western world, the project is intended to strengthen
Fermi America's private grid campus will be anchored by four AP1000® nuclear units using conventional fuel, with the potential to integrate advanced reactor technologies in future phases. The addition of domestic HALEU production capability would position the private grid as both a significant clean energy generator and a strategic nuclear fuel hub. "Our nation's ability to lead in advanced nuclear energy is directly tied to our capacity to fuel it here at home," said Toby Neugebauer, Co-Founder and CEO, Fermi America. "This decision helps ensure that America's next generation of nuclear reactors will be powered by American innovation, technology, and resolve."
"This collaboration represents a decisive step toward securing the nuclear fuel needed for the next wave of advanced reactors," said Mesut Uzman, Chief Nuclear Construction Officer, Fermi America. "It reinforces our mission to build the most advanced, resilient, and secure private grid in the world."
"Advanced reactors cannot be built without HALEU, and our Quantum Enrichment™ technology is designed to deliver it with speed, precision, and environmental responsibility," said Paul Mann, Chairman and CEO, ASP Isotopes Inc. "Partnering with Fermi America gives us the platform and location to play a central role in the emerging Western HALEU market."
"Energy security is national security," said Rick Perry, Co-Founder of Fermi America and former
According to the
For media inquiries, please contact:
Lexi Swearingen
Media@FermiAmerica.com
About Fermi America
Fermi America is pioneering the development of next-generation electric grids that deliver highly redundant power at gigawatt scale, essential for enabling next-generation artificial intelligence. Co-founded by former
About the Texas Tech University System
Established in 1996, the Texas Tech University System is one of the top public university systems in the nation, consisting of five universities – Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso and Midwestern State University.
Headquartered in
In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education, among other academic areas.
About ASP Isotopes Inc.
ASP Isotopes Inc. (NASDAQ: ASPI) is an advanced materials company dedicated to the production of enriched isotopes for use in multiple industries, including nuclear energy, medicine, semiconductors, and quantum computing. Through its subsidiary Quantum Leap Energy, ASPI is developing Quantum Enrichment™ technology to produce HALEU fuel and other critical isotopes at lower cost, faster, and with no radioactive waste.
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SOURCE Fermi America
FAQ
What is the partnership between ASP Isotopes (ASPI) and Fermi America?
What is HALEU and why is it important for ASP Isotopes (ASPI)?
Where will ASP Isotopes (ASPI) build the HALEU facility?
What is the market potential for ASP Isotopes' (ASPI) HALEU production?
How will this partnership affect U.S. nuclear fuel supply chains?
