ASP Isotopes completes Phase 1 drilling for Renergen Helium Project 4 months early; cites Qatar supply disruption

ASP Isotopes Inc.

Completed well drilling for Phase 1 of Renergen Helium Project in South Africa, four months ahead of schedule.
Gas flow rates up to 16 times higher than earlier wells; reservoir meets or exceeds estimated type curves.
Phase 1 expected to produce 58 MCF/day liquid helium and 2,500 GJ/day LNG by end of 2026.
Qatar helium supply disrupted by Strait of Hormuz closure and Ras Laffan damage; company expects upward pricing pressure.
Phase 2 planning to commence after Phase 1, targeting 895 MCF/day helium and 34,000 GJ/day LNG within 44 months.

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