ASP Isotopes signs $22M TerraPower loan and up to $4.1B HALEU supply agreements

ASP Isotopes Inc.

• Loan of up to $22M (10% OID, net $20M) at 10% interest, maturing May 2032, to fund Pelindaba HALEU enrichment facility.
• Initial core supply agreement valued up to ~$375M over 18 months; 10-year supply agreement valued up to ~$3.75B for 150 MT HALEU.
• Company must raise at least $120M additional funds and obtain South African licenses as conditions precedent to loan disbursements.
• TerraPower may terminate commitment under conditions (e.g., DOE funding loss) with repayment deferred until commercial HALEU production.
• HALEU will fuel TerraPower's Natrium reactor in Wyoming; first cores targeted for 2027/2028.