ASP ISOTOPES INC - ASPI announces that subsidiary of Renergen entered into first contract for the supply of helium to be produced in SA

What this filing means

Good news, but the price had already started telling this story. Tetra4 (a Renergen subsidiary, 94.5% owned by ASPI) has signed its first helium offtake contract — a five-year take-or-pay deal with an Asian industrial gases company at greater than $600/MCF — establishing contracted cash flow for Phase 1 of the Virginia Gas Project. The stock had risen roughly 22% in the 20 days before the announcement on geopolitical supply disruption headlines, so the first offtake contract is real operational…