ASP Isotopes Inc. has provided a production update on the Renergen helium project, highlighting significant improvements in various operational metrics since April 2025. The company reports that the plant is now processing approximately 60% more gas, thanks to enhancements and new production wells tied to the plant. Additionally, the engagement of Kinley Exploration, a globally recognized independent exploration specialist, has led to a notable improvement in subsurface capability.
The impact from Kinley Exploration is evident in drilling outcomes, with wells being drilled against modelled and delineated gas targets, resulting in higher accuracy gas intersections and more efficient drilling. The company has achieved a consistently high drilling success rate post-restart, with 15 gas intersections representing up to approximately 80% drilling success.
Commercial readiness has also advanced significantly, with approximately 60% of phase 1 LNG offtake signed and contracted with industrial customers. Moreover, initial domestic supply agreements are in place for helium volumes, and the company expects to achieve positive operational cash flow before the end of 2026.
The drilling and subsurface program has focused on increasing gas supply and improving geological confidence, with 15 of 18 wells drilled in the fractured reservoir intersecting gas. Additionally, the company has identified multiple productive gas intersections in a shallow sandstone reservoir, indicating potential additional production and reserve upside.
Furthermore, the gas gathering infrastructure continues to expand as additional production wells are brought online, with the overall gas gathering infrastructure estimated to be more than 70% complete.
Looking ahead, the company expects to focus on completing the phase 1 drilling campaign, advancing toward positive operational cash flow, completing phase 1 project commissioning, and initiating pre-development activities for phase 2.
ASP Isotopes Inc. is a development stage advanced materials company dedicated to the development of technology and processes to produce isotopes for use in multiple industries. The company employs proprietary technology, the aerodynamic separation process (“ASP technology”), and has isotope enrichment facilities in Pretoria, South Africa, dedicated to the enrichment of isotopes of elements with a low atomic mass. The market has reacted to these announcements by moving the company's shares 3.48% to a price of $7.74. For the full picture, make sure to review ASP Isotopes's 8-K report.
