ASP Isotopes Shares Rise After Gas Project Achieves Stable Liquid Helium Production

Dow Jones10-26

ASP Isotopes shares were higher after the company said that Tetra4 Proprietary, a subsidiary of Renergen, has completed commissioning and achieved stable production of liquid helium.

The stock was 4% higher, at $2.03, in morning trade, but is down 79% in the past 12 months.

The advanced materials company said liquid helium is now accumulating in Tetra4's cryogenic storage ahead of initial deliveries under existing offtake agreements. The company said 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 liquefied natural gas.

ASP Isotopes expects Phase 1 to produce 2,500 gigajoule per day of LNG and 70 thousand cubic feet per day of liquid helium.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment