ASP Isotopes announced its subsidiary, Tetra4, has secured its first take-or-pay contract for helium to be produced at the Virginia Gas Project in South Africa. The five-year agreement with an Asian industrial gases company establishes a key revenue stream for the project's Phase 1, with commercial operations targeted for Q3 2026.
Key Details
- Agreement Terms: The five-year, take-or-pay contract is priced at greater than $600 per thousand cubic feet (MCF) of contained helium.
- Production Volume: The contract represents approximately 15% of the project's expected Phase 1 nameplate capacity, which is targeted to produce 70 MCF/day of liquid helium.
- Project Timeline: Commercial production for Phase 1 is expected to commence in the third quarter of 2026. The company expects to complete contracting for all Phase 1 volumes by the end of Q3 2026.