ASP Isotopes' Unit to Form Joint Venture With Nuclear Energy Corporation of South Africa

08:54 AM EDT, 10/15/2026 (MT Newswires) -- ASP Isotopes (ASPI) said Thursday that a subsidiary of its Quantum Leap Energy unit has agreed to form a joint venture with the Nuclear Energy Corporation of South Africa SOC, or Necsa. The joint venture will develop, finance, own and operate a test bench and commercial-scale facility producing high-assay low-enriched uranium at Necsa's Pelindaba site in South Africa, according to a statement. Under the terms, Quantum Leap Energy will own an 80% stake in the joint venture and will lead operations and arrange the needed capital, while Necsa will hold a 20% interest and is responsible for site access, nuclear safeguards support, and licensing and regulatory support, ASP Isotopes said. Shares of the company were up over 3% in Thursday premarket activity.