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Update: ASP Isotopes Shares Rise After Unit Signs MOU With European Nuclear Technology Company

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(Updates with the latest stock move in the headline and first paragraph.)

ASP Isotopes (ASPI) shares were up 18% in Monday trading after the company said its subsidiary Quantum Leap Energy has entered into a non-binding memorandum of understanding with a European nuclear technology company specializing in advanced nuclear reactor development.

Under the terms of the memorandum, which extends through Dec. 31, 2030, the two organizations will assess the viability of a long-term collaboration for the supply of high-assay low-enriched uranium with uranium-235 content of greater than 10%, the company said.

The European partner could potentially provide uranium feedstocks for Quantum's planned conversion and enrichment facilities, the company said.

Potential deliveries could begin in 2028 and scale up through 2036, the company said.

Price: $6.38, Change: $+1.00, Percent Change: +18.59%

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