ASP Isotopes (NASDAQ: ASPI) signs MoU for U.S. nuclear fuel JV

Rhea-AI Filing Summary

ASP Isotopes Inc. reported that it and its subsidiary, Quantum Leap Energy LLC, entered into a Memorandum of Understanding with Fermi America for a U.S. joint venture. The parties intend to collaborate on the research, development and construction of an advanced nuclear fuel research and production facility at the planned 11GW HyperGrid Campus in Carson County, Texas.

The company disclosed this arrangement through a press release dated August 15, 2025, which is attached as an exhibit and incorporated by reference, except for three specified paragraphs.

Insights

Equity & strategic partnerships analyst

ASP Isotopes outlines an MoU for a U.S. nuclear fuel JV, with terms still to be detailed.

ASP Isotopes Inc. states that it and subsidiary Quantum Leap Energy LLC signed a Memorandum of Understanding with Fermi America for a potential joint venture. The collaboration targets research, development and construction of an advanced nuclear fuel research and production facility at the planned 11GW HyperGrid Campus in Carson County, Texas.

An MoU is typically a framework for future, more detailed agreements rather than a definitive contract. The disclosure does not specify ownership structure, capital commitments or expected financial impact, so the business and economic terms remain open. The attached press release, incorporated by reference except for three paragraphs, is positioned as the main source of additional detail.

For now, this represents an early-stage step toward a possible U.S.-based advanced nuclear fuel project involving ASP Isotopes, Quantum Leap Energy and Fermi America. The eventual significance depends on any future binding agreements and how the planned facility at the 11GW HyperGrid Campus progresses.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 15, 2025

ASP Isotopes Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-41555		87-2618235
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

601 Pennsylvania Avenue NW South Building, Suite 900 Washington, DC		20004
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (202) 756-2245

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01		ASPI		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 8.01. Other Events.

On August 15, 2025, ASP Isotopes Inc. (the “Company”) issued a press release announcing the Company and its subsidiary, Quantum Leap Energy LLC, have entered into a Memorandum of Understanding with Fermi America regarding a U.S. joint venture to collaborate on the research, development and construction of an advanced nuclear fuel research and production facility at the planned 11GW HyperGrid Campus in Carson County, Texas.  A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference, other than the sixth, seventh and eighth paragraphs of the press release.

Item 9.01. Financial Statements and Exhibits.

Exhibit No.		Description
99.1		Press Release, dated August 15, 2025, of ASP Isotopes Inc. announcing a Memorandum of Understanding with Fermi America regarding a U.S. joint venture to collaborate on the research, development and construction of an advanced nuclear fuel research and production facility at the planned 11GW HyperGrid Campus in Carson County, Texas
104		Cover Page Interactive Date File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ASP ISOTOPES INC.
Date: August 15, 2025	By:	/s/ Donald G. Ainscow
	Name:	Donald G. Ainscow
	Title:	Executive Vice President, General Counsel and Secretary

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FAQ

What did ASP Isotopes Inc. (ASPI) announce in this 8-K?

ASP Isotopes Inc. announced that it and its subsidiary Quantum Leap Energy LLC entered into a Memorandum of Understanding with Fermi America for a U.S. joint venture focused on an advanced nuclear fuel research and production facility.

Who are the parties involved in ASP Isotopes new Memorandum of Understanding?

The parties are ASP Isotopes Inc., its subsidiary Quantum Leap Energy LLC, and Fermi America, which are working toward a U.S. joint venture under the Memorandum of Understanding.

What is the planned location of ASP Isotopes proposed nuclear fuel facility?

The planned advanced nuclear fuel research and production facility is described as being located at the planned 11GW HyperGrid Campus in Carson County, Texas.

Is the ASP Isotopes and Fermi America arrangement a binding joint venture agreement?

The disclosure describes the arrangement as a Memorandum of Understanding regarding a U.S. joint venture, which indicates an agreement in principle rather than a detailed, definitive joint venture contract in this excerpt.

Where can investors find more details on the ASP Isotopes and Fermi America MoU?

Additional details are in the press release dated August 15, 2025, attached as Exhibit 99.1 and incorporated by reference into the report, other than its sixth, seventh and eighth paragraphs.

What exhibit did ASP Isotopes file related to the Memorandum of Understanding?

ASP Isotopes filed Exhibit 99.1, a press release dated August 15, 2025 describing the Memorandum of Understanding with Fermi America for a U.S. joint venture at the planned 11GW HyperGrid Campus.