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ASP Isotopes Inc.

CIK: 19218652 Annual ReportsLatest: 2025-04-30

10-K / April 30, 2025

Revenue:$4,144,226
Income:-$32,422,728

10-K / July 1, 2024

Revenue:$433,026
Income:-$16,294,126

10-K / April 30, 2025

Company Overview - ASP Isotopes Inc.

Company Name: ASP Isotopes Inc.
Location: 601 Pennsylvania Avenue NW, South Building, Suite 900, Washington, DC 20004
Stock Listing: Nasdaq Capital Market LLC (Trading Symbol: ASPI)
Fiscal Year End: December 31, 2024
Incorporation: Delaware, USA
IRS Employer ID: 87-2618235


Core Business Activities

ASP Isotopes Inc. specializes in the development and commercial production of nuclear isotopes and related technology. The company is focused on isotope separation technology, particularly chemical and nuclear applications, including producing isotopes like HALEU (High-Assay Low-Enriched Uranium) and Lithium-6. Their technology, known as the "Aerodynamic Separation Process" (ASP), was co-developed by the company's Chief Technology Officer, Hendrik Strydom.

Key Technologies & Operations

  • ASP (Aerodynamic Separation Process): A proprietary isotope separation technology developed for separating silicon, carbon, oxygen, molybdenum, and other isotopes.
  • Focus Areas: Nuclear fuel manufacturing, medical radioisotope production, scientific research, and potentially strategic reserves.
  • Subsidiaries: Includes ASP Isotopes UK Limited and ASP Isotopes South Africa (Proprietary) Limited.

Customers and Market

  • No specific number of customers is provided.
  • The company engages in strategic negotiations for joint ventures, collaborations, and key strategic transactions, indicating ongoing business development efforts.

Employees

  • The company’s leadership team includes a small executive team with key figures such as:
    • Paul Mann: Chairman and CEO, age 49
    • Heather Kiessling: CFO, age 60
    • Robert Ainscow: COO, age 49
    • Hendrik Strydom: CTO, age 64
  • The total number of employees is not explicitly given.

Financial Data (Based on 2024)

  • Revenue: Not specified.
  • Net Income: Not specified.
  • Number of Shares Outstanding: Approximately 75,061,842 as of March 31, 2025.
  • Market Capitalization: Not provided; the aggregate market value of voting stock held by non-affiliates as of June 30, 2024, was approximately $million (exact amount not specified).

Corporate Governance & Structure

  • The board of directors includes six members, with extensive expertise in science, finance, biotech, and international markets.
  • The company has established standard committees: Audit, Compensation, Nominating and Governance, and Special Projects.
  • The company maintains a written code of conduct and has policies around related-party transactions and insider trading.

Summary

ASP Isotopes Inc. is a U.S.-based biotechnology and nuclear technology company focusing on isotope separation and advanced nuclear fuel production. It leverages proprietary ASP technology to produce isotopes used in nuclear power, scientific research, and medical applications. The company is still in an expansion and development phase, with no publicly disclosed revenue or income figures, and operates with a relatively small executive team without publicly available specifics on total employee count or customer base.