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Get filing alertsASPI's Renergen subsidiary secures 5-year LNG take-or-pay contract, Phase 1 now 75% sold
Filed August 6, 2026 · Period ending August 6, 2026 · ~1 min read
Key Changes
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Renergen subsidiary Tetra4 signed a 5-year take-or-pay LNG contract at >$16/GJ with a South African food processor, representing ~10% of Phase 1 nameplate capacity and establishing multi-year contracted cash flow.
Exhibit 99.1 view on EDGAR → -
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Phase 1 LNG volumes now ~75% contracted under take-or-pay agreements; Renergen expects to complete contracting for remaining Phase 1 LNG and liquid helium volumes during Q3 2026.
Exhibit 99.1 view on EDGAR → -
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Phase 1 commercial production targeted for Q3 2026, expected to produce ~2,500 GJ/day LNG and ~70 Mcf/day liquid helium, with annualized revenues projected at >$27M based on assumed pricing of $15-18/GJ LNG and $600/Mcf helium.
Exhibit 99.1 view on EDGAR →
Summary
ASP Isotopes disclosed that Tetra4, a subsidiary of its partner Renergen developing the Virginia Gas Project in South Africa, has secured a five-year take-or-pay contract to supply liquified natural gas at greater than $16 per GJ to a South African food processor. The contract represents approximately 10% of Phase 1 nameplate capacity and brings total Phase 1 LNG volumes under take-or-pay agreements to approximately 75%. Renergen is in discussions with multiple potential customers and expects to complete contracting for remaining Phase 1 volumes for both LNG and liquid helium during Q3 2026.
Phase 1 commercial production is targeted for Q3 2026, with expected output of approximately 2,500 GJ/day of LNG and 70 Mcf/day of liquid helium. Based on assumed pricing of $15-18 per GJ for LNG and $600 per Mcf for liquid helium, Renergen projects annualized revenues exceeding $27 million following Phase 1 completion, with revenue recognition expected to begin in 2H 2026. For ASPI shareholders, the progress de-risks the Virginia Gas Project's commercial ramp and validates the market for Renergen's output, though ASPI's specific economic interest in these revenues is not disclosed in this filing.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
ASPI announced Renergen subsidiary Tetra4 entered new LNG sales contract for Virginia Gas Project in South Africa.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Tetra4 Proprietary Limited, a subsidiary of Renergen Limited (“Renergen”) and the developer of the Virginia Gas Project, has entered into a new contract for the sale of liquified natural gas (LNG) to be produced at the Virginia Gas Project in the Free State, South Africa
ASP Isotopes disclosed that Tetra4, a Renergen subsidiary developing the Virginia Gas Project in South Africa, has secured a new contract to sell liquified natural gas (LNG) from that project. The filing provides no details on contract terms, volumes, pricing, or counterparty. ASP Isotopes has a relationship with Renergen involving helium isotope separation technology.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Following the execution of this contract, Renergen has now secured take-or-pay contracts to support approximately 75% of the LNG volumes anticipated from Phase 1
With this new contract, Renergen has secured take-or-pay agreements covering approximately 75% of anticipated Phase 1 LNG volumes. The company is in discussions with multiple potential customers and expects to complete contracting for Phase 1 volumes for both liquid helium and LNG during Q3 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 8, 2026 · How we verify