ASP Isotopes Inc. (ASPI) News & EventsASPIASP Isotopes Inc.

Latest Data Shows Blackstone Borrow Rate Rises to 128.82%

Latest data shows the largest indicative borrow rate increases among liquid option names include: Blackstone Secured Lending Fund (BXSL) 128.82% +119.19, Serve Robotics Inc (SERV) 36.49% +1.61, Defiance Daily Target 2x Long OKLO ETF (OKLL) 61.44% +1.08, Draganfly (DPRO) 16.98% +0.91, T-REX 2X Long BMNR Daily Target ETF (BMNU) 27.46% +0.44, ProShares Ultra (BOIL) 4.31% +0.43, ASP Isotopes Inc (ASPI) 1.27% +0.41, GRANITESHARES 2X LONG DELL DAILY ETF (DLLL) 8.01% +0.37, Tradr 2X Long SNDK Daily ETF (SNXX) 11.90% +0.37, and GRANITESHARES 2X LONG PLTR DAILY ETF (PTIR) 5.04% +0.36.

ASP Isotopes Subsidiary Tetra4 Starts Liquid Helium Plant Commissioning

ASP Isotopes announced that Tetra4, a subsidiary of Renergen and the developer of the Virginia Gas Project, has entered the commissioning phase of the company's liquid helium plant. The Virginia Gas Project holds South Africa's first onshore petroleum production right and is the country's first integrated producer of both liquid helium and liquified natural gas. Tetra4 has been producing liquified natural gas since September 2022. The start-up of the liquid helium part of the plant is the key remaining step, to realize value from two product streams before the company seeks to ramp up production volumes to nameplate capacity during the second half of 2026. The company continues to expect to ship the first commercial helium to customers during September. Phase 1 is expected to produce approximately 2,500 GJ/day of liquified natural gas and approximately 70 Mcf/day of liquid helium, with commercial production expected to commence during Q3 2026. Assuming $15-18 per GJ for liquified natural gas and an average of $600/Mcf for liquid helium, Renergen should be capable of generating revenues of over $27M on an annualized basis following the expected completion of Phase 1. Currently the company has signed take-or-pay contracts with customers for approximately 75% of Phase 1 liquified natural gas and 15% of Phase 1 liquid helium. The company expects to start the construction of Phase 2, at approximately 13 times the size of Phase 1, during 2H 2026, following completion of Phase 1. The construction of Phase 2 is expected to take approximately 44 months. The company intends to pursue up to $750M of senior debt funding from the U.S. International Development Finance Corporation and Standard Bank of South Africa, each of which has previously indicated its willingness to consider supporting Phase 2 with up to $500M and $250M, respectively.