ASP Isotopes, Inc. has announced that its subsidiary, Quantum Leap Energy LLC, has completed the acquisition of certain assets from One 30 Seven Inc., a Canadian company specializing in decontamination solutions for water-soluble nuclear waste. This acquisition is aimed at advancing solutions for the processing of water-soluble nuclear waste, particularly radioactive waste from nuclear power plants, radiopharmaceuticals, and military sources.
Quantum Leap Energy acquired substantially all of the assets of One 30 Seven, including an international patent application and its related rights for a system and method for treating radioactively contaminated water. The company also engaged B-Con Engineering Inc., a company affiliated with One 30 Seven, to develop decontamination solutions based on the acquired patent that process water-soluble nuclear waste by accelerating beta decay of radioactive waste, such as cesium-137 and strontium-90.
The total estimated liability for the Department of Energy failing to dispose of commercial spent fuel was estimated at $44.5 billion in 2024, not including funds already paid out. Currently, there are 390,000 metric tons of radioactive waste globally, with over 90,000 metric tons in the United States. Roughly 3% of the total nuclear waste volume is considered high-level waste (HLW), which contains 95% of the radioactivity in nuclear waste.
Using the technology acquired from One 30 Seven, Quantum Leap Energy intends to develop proprietary nuclear waste decontamination solutions called Creber units that accelerate the beta decay of HLW and rapidly convert long half-life isotopes into stable isotopes. The reduction of HLW reduces the radioactive impact on the environment and the liability of storing nuclear waste.
The upfront purchase price for the assets from One 30 Seven was comprised of a cash payment of $150,000 and 266,113 shares of ASPI common stock, determined by dividing $2,850,000 by a 30-day volume-weighted average price of ASPI common stock. Additionally, Quantum Leap Energy has the opportunity to earn additional consideration upon the completion of validated and operational Creber units, potentially payable in cash, shares of ASPI’s common stock, or shares of QLE’s common equity.
Quantum Leap Energy also entered into a consulting agreement with B-Con Engineering Inc., led by inventor Brian Creber, to develop and validate the functional operation of Creber units at an estimated cost of $4.5 million over 18 months, followed by either a midi or maxi unit at approximately $12.5-13 million over another 18 months.
Ryno Pretorius, CEO of Quantum Leap Energy, commented that this acquisition represents a transformative effort to tackle the global challenge of nuclear waste and aims to reduce the environmental burden of radioactive waste worldwide, particularly high-level waste, by advancing solutions that could stabilize hazardous isotopes, safeguarding ecosystems and public health for generations to come. Following these announcements, the company's shares moved 7.13%, and are now trading at a price of $9.545. For the full picture, make sure to review ASP Isotopes's 8-K report.
