ASP Isotopes plans to acquire Renergen to build a leading global enterprise in critical materials
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Advanced materials company ASP Isotopes has reached a letter of intent for acquisition with South African listed company Renergen, aiming to create a leading global enterprise in critical materials. Renergen focuses on the production of helium and liquefied natural gas, with its core asset being the Virginia gas project, which has a helium concentration above the global average. This acquisition will create business synergies and receive funding support from the U.S. International Development Finance Corporation and Standard Bank of South Africa. Following this news, ASP Isotopes' stock price rose over 16% in pre-market trading in the U.S
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