Quantum Leap Energy (QLE), a subsidiary of US-based ASP Isotopes, has signed a binding agreement with South Africa’s Nuclear Energy Corporation (Necsa) to establish a joint venture for high-assay low-enriched uranium (Haleu) production at the Pelindaba nuclear research site.

The agreement establishes a framework for the development, financing, construction and operation of a test facility and a commercial-scale uranium enrichment plant, a statement said.