ASP Isotopes: Tetra4 begins commissioning liquid helium plant; first helium shipments expected September

ASP Isotopes Inc.

Tetra4 entered commissioning of Phase 1 liquid helium plant at Virginia Gas Project, South Africa.
Phase 1 targets ~2,500 GJ/d LNG and ~70 Mcf/d helium; commercial production expected Q3 2026.
Annualized revenue potential over $27M at $15-18/GJ LNG and $600/Mcf helium; recognition to start 2H 2026.
Take-or-pay contracts cover ~75% of Phase 1 LNG and ~15% of Phase 1 helium; contracting to finish in 3Q 2026.
Phase 2 (about 13x Phase 1) construction to start 2H 2026; pursuing up to $750M in senior debt (DFC, Standard Bank).

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