ASP Isotopes Inc. (NASDAQ: ASPI) announced that its subsidiary Quantum Leap Energy (QLE) has entered into a non‑binding Memorandum of Understanding with a large publicly traded U.S. energy company that operates nuclear power stations. The MOU, signed on March 6 2026, allows the energy company to evaluate options for supporting QLE’s plans to build advanced nuclear fuel‑cycle facilities in the United States, including high‑assay low‑enriched uranium (HALEU) and low‑enriched uranium plus (LEU+) production, as well as uranium conversion and de‑conversion services.
The partnership is a strategic milestone for QLE, which is developing laser‑based Quantum Enrichment technology that leverages an Aerodynamic Separation Process to produce advanced nuclear fuels for small modular reactors and other next‑generation nuclear systems. By aligning with an established U.S. nuclear operator, QLE can accelerate the commercial deployment of its facilities and secure a domestic supply chain for HALEU, a fuel that is expected to drive demand for advanced reactors in the coming decade.
For ASP Isotopes, the MOU signals progress toward the planned spin‑out of QLE in the second half of 2025 and the subsequent launch of a dedicated HALEU business. The agreement could provide a pathway to early revenue from U.S. customers and strengthen the company’s competitive moat by demonstrating the feasibility of its low‑cost enrichment platform in a regulated U.S. environment.
The development comes at a time when the United States is preparing to ban Russian uranium imports in 2028, creating urgency for domestic HALEU production. The partnership therefore positions QLE to meet the projected domestic demand of up to 50 metric tons per year by 2035, as estimated by the Department of Energy.
"This memorandum of understanding represents an important step in QLE’s efforts to help establish a domestic supply chain for advanced nuclear fuels,” said Ryno Pretorius, Chief Executive Officer of Quantum Leap Energy. “We believe interest from a major U.S. energy producer underscores the importance of reliable domestic sources of nuclear fuel. We look forward to advancing technical diligence and evaluating potential pathways toward long‑term commercial collaboration.”
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