ASP Isotopes Updates Renergen Helium Project Progress
ASP Isotopes provided a production update on the Renergen Helium Project following the completion of the Company's acquisition of Renergen Limited on January 6, 2026. Phase 1C of the Renergen Helium Project continues to progress toward full commercial operation. Since the restart of operations in April 2025, following bridge loan funding by ASP Isotopes prior to completion of the acquisition of Renergen, the project has advanced materially across drilling execution, gas production, plant readiness, and commercial contracting. These developments represent a meaningful improvement in operational performance compared to the period prior to ASPI's involvement. Based on current progress, management expects the project to achieve positive operational cash flow before the end of 2026. Following the restart of drilling and production activities in April 2025, the Phase 1 processing plant has been progressively upgraded to support increased gas throughput and stable operations as additional wells are brought online. Since ASP Isotopes began funding the project, management estimates that gas throughput has increased by approximately 60%. Final commissioning activities are ongoing, including commissioning of Compressor Station C, which is expected to be completed by the end of the first quarter of 2026. Since the restart of operations in April 2025, the drilling and subsurface program has focused on increasing gas supply while materially improving geological confidence. Overall gas gathering infrastructure is estimated to be more than 70% complete and will continue to be expanded on a well-by-well basis as new production wells are drilled and commissioned.
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ASP Isotopes Reports Significant Progress on Renergen Helium Project
- Capacity Enhancement: Since the restart in April 2025, ASPI's investment has increased the plant's gas processing capacity by approximately 60%, significantly enhancing the project's commercialization potential and expected revenue growth.
- Improved Drilling Success Rates: Collaboration with Kinley Exploration has resulted in an approximately 80% drilling success rate since the restart, reducing time and costs per successful well through precise target selection and well design, thereby enhancing overall operational efficiency.
- Commercial Readiness Progress: Management estimates that about 60% of Phase 1 LNG sales are contracted, ensuring rapid monetization of gas volumes as they come online, further solidifying market position.
- Additional Reserve Potential: Confirmation of multiple gas intersections in newly identified shallow sandstone reservoirs indicates potential additional production and reserve growth, with further evaluations underway to support future development plans.
Investigation into ASP Isotopes Directors' Fiduciary Duties
- Shareholder Action: Halper Sadeh LLC is investigating whether certain officers and directors of ASP Isotopes Inc. breached their fiduciary duties, potentially impacting corporate governance and shareholder rights.
- Legal Relief Options: Long-term shareholders of ASP Isotopes may seek corporate governance reforms, fund recovery, or court-approved financial awards, thereby enhancing shareholder value.
- Importance of Participation: Shareholder involvement can improve company policies, practices, and oversight mechanisms, fostering transparency and accountability, which in turn enhances management efficiency and shareholder interests.
- Global Investor Representation: Halper Sadeh LLC represents investors worldwide, focusing on combating securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors.
