by MTHULISI SIBANDA
JOHANNESBURG, (CAJ News) – ASP Isotopes announces the proposed secondary listing on the main board of the Johannesburg Stock Exchange (JSE).
Its common stock will continue to be listed and traded on the Nasdaq Capital Market.
ASP is an advanced materials company dedicated to the development of technology and processes for the production of isotopes for use in multiple industries.
The listing on the JSE is expected to be by way of introduction and to become effective later this year, subject to the necessary regulatory approvals in South Africa.
Paul Mann, Chairman and CEO of ASP Isotopes, said, “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 percent 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 has been appointed as the sole South African Corporate Advisor and JSE Sponsor for the listing.
Washington-headquartered ASPI 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) to be used across the pharmaceutical, medical, quantum computing and semiconductor industries.
– CAJ News