United States-based company heading to the JSE

Washington DC-based ASP Isotopes will list on the Johannesburg Stock Exchange later this year, with the US company primarily operating in Pretoria. 

ASP Isotopes is an advanced material company looking to develop technology and processes for producing isotopes.

The company uses a proprietary technology, the Aerodynamic Separation Process (ASP). It is still in the development stage and is focused on producing highly enriched isotopes.

It also hopes to enrich isotopes for the nuclear energy sector using its developing Quantum Enrichment technology.

It will have a secondary listing on the Main Board of the JSE, with the company’s common stock to be listed and traded on the Nasdaq.

ASPI’s history and technology are firmly rooted in South Africa and developed over four years by the company’s highly skilled South African team members.

The company has three plants in Pretoria, where it is refining the commercial production of Carbon-14 (C-14), Silicon-28 (Si-28) and Ytterbium-176 (Yb-176).

It is designing its products for the pharmaceutical, medical, quantum computing and semiconductor industries.

The group believes that the admission to trading its shares on the JSE will benefit the company and its stakeholders, enhancing liquidity for shareholders and diversifying the shareholder base.

Due to its South African footprint, the company expects strong interest and support from South African institutional investors for a JSE listing.

Subject to the necessary regulatory approvals in South Africa, ASPI’s listing should become effective later this year.

“While our investor base has been created in the USA and Europe, the beating heart of our company is clearly currently in South Africa, with 97% of our employees and all our operating assets being located in South Africa.”

“We have to thank our South African staff, service providers and regulators for helping us achieve all we have done over the last four years, and therefore we owe it to South Africa to make our securities available to the local community.”

Valeo Capital Proprietary Limited will be the listing’s sole South African Corporate Advisor and JSE sponsor.