ASP Isotopes Silicon-28 Enrichment Plant in South Africa Begins Commissioning

MT Newswires Live
26 Nov 2024

ASP Isotopes (ASPI) said Tuesday it has completed construction of a Silicon-28 enrichment facility in South Africa and begun the commissioning process, with plans to deliver commercial quantities by the first half of next year.

The advanced materials company said the facility, designed to produce over 50 kilograms annually of enriched Silicon-28 at a purity of 99.995%, exceeds the company's earlier capacity estimate of 10 kilograms per year.

Silicon-28, used in quantum computing and semiconductors, supports performance and heat conduction, according to ASP Isotopes.

The company said it has already signed two supply agreements with US-based customers and is negotiating with other potential buyers globally.

Financial terms were not provided.

ASP Isotopes plans to patent key components of the facility's enrichment technology, the company added.

Price: 7.52, Change: -0.13, Percent Change: -1.70

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10