ASP Isotopes Inc. has recently announced the approval of the proposed acquisition of Renergen Limited by its shareholders. The acquisition received overwhelming support from 99.80% of voting shareholders at a general meeting held on July 10, 2025.
Renergen Limited, a public company focused on the production of liquefied helium (LHE) and liquefied natural gas (LNG), is expected to merge with ASP Isotopes Inc. to create a global leader in the production of critical and strategically important materials, including electronic gases such as helium, various fluorinated products, and isotopically enriched gases. The merger aims to establish a vertically and horizontally integrated supply chain with significant geographic and customer overlap, leading to substantial synergies from 2026.
The transaction is projected to be highly accretive to ASP Isotopes Inc.'s key financial metrics, including revenue, EBITDA, earnings per share, and cash flow per share, starting from 2026. Management's current estimates, expectations, and assumptions suggest that the combined group aims to generate over $300 million in EBITDA by 2030, primarily driven by isotopes, helium, and LNG sales into the South African energy market.
Stefano Marani, CEO of Renergen, emphasized the profound impact the combined group will have on supply chain stability, particularly for the semiconductor and electronics industry, positioning the group well for the global AI revolution. Paul Mann, Chairman and CEO of ASP Isotopes, expressed excitement about the strategic value the merger will bring, highlighting the critical importance of isotopes and helium to numerous industries.
ASP Isotopes Inc. is a development stage advanced materials company dedicated to producing isotopes for use in multiple industries. The company's proprietary technology, the Aerodynamic Separation Process (ASP Technology), focuses on producing and commercializing highly enriched isotopes for the healthcare and technology industries. Additionally, the company plans to enrich isotopes for the nuclear energy sector using quantum enrichment technology it is developing.
The press release did not provide specific figures or percentages regarding the changes in financial metrics since the last period. The market has reacted to these announcements by moving the company's shares 0.67% to a price of $7.49. Check out the company's full 8-K submission here.
