en.Wedoany.com Reported - On May 11, ASP Isotopes announced that its wholly-owned subsidiary, Quantum Leap Energy LLC (QLE), has signed a non-binding Memorandum of Understanding (MOU) with a European nuclear technology company focused on advanced nuclear reactor development and other next-generation nuclear energy solutions. The two parties will advance cooperation on innovative technologies and processes for key stages of the fission and fusion nuclear fuel cycle.
Under the terms of the MOU, the two parties will conduct technical and economic assessments to determine the feasibility of a long-term cooperative supply of High-Assay Low-Enriched Uranium (HALEU, uranium-235 content greater than 10%). The European partner agrees to provide uranium feedstock to QLE's planned conversion and enrichment facilities, while QLE agrees to enrich this feedstock, produce HALEU (including possible deconversion), and deliver it to the partner.
The MOU is valid until December 31, 2030, and may be terminated early by either party. The two sides will assess operational requirements, conversion and enrichment production scales, as well as related costs and business models. The MOU also includes non-binding estimates for HALEU quantities, with potential deliveries commencing in 2028 and gradually increasing through 2036, aligned with the partner's reactor development timeline and anticipated fuel requirements.
Dr. Reyno Pretorius, CEO of QLE, stated: "Securing a reliable supply of High-Assay Low-Enriched Uranium is one of the most critical challenges facing the advanced nuclear industry today. This MOU represents an important step in QLE's commitment to building enrichment capacity serving both the U.S. and global markets."
QLE is a nuclear fuel company in the development stage, focused on front-end activities such as uranium conversion, uranium-235 enrichment, and lithium isotope separation, as well as back-end radioactive waste treatment technologies. The company holds exclusive global rights to the Aerodynamic Separation Process (ASP) and laser-based Quantum Enrichment (QE) technology, and has established strategic partnerships with entities such as TerraPower, Fermi America, and the South African Nuclear Energy Corporation (Necsa).
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