- ASP Isotopes Inc. (ASPI) and Renergen recently published a joint announcement regarding ASPI’s proposed acquisition of 100% of Renergen by ASP via a scheme of arrangement.
99% of Renergen shareholders voted for the transaction in Sandton yesterday. Renergen will now delist from the JSE, A2X and ASX. Shareholders would receive ASPI shares at a fixed swap ratio of 0.09196 ASPI shares per Renergen share.
Renergen began commercial liquid helium sales in South Africa in March this year. Read more
ASP Isotopes commenced commercial production of enriched uranium in South Africa earlier this year. Read more
“This is an exciting step for ASP Isotopes. With the imminent Spin-Out of QLE, I have been considering the expansion of the ASP Isotopes business, and this opportunity is the perfect fit for us. Both isotopes and helium are viewed by many governments as critically and strategically important materials. The combination of these two companies will create a company with huge strategic value and a vital part of a fragile supply chain enabling so many industries,” said Paul Mann, Chairman and CEO of ASP Isotopes, and Chairman and CEO of QLE
Related news: Gas exploration company, Renergen, has expressed concerns regarding the ongoing construction of the Springbok Solar project in an area designated for future natural gas extraction. The developer of the solar project is the SOLA Group. Read more
Author: Bryan Groenendaal
