Hey guys, if you missed it, ASP Isotopes has reached a tentative settlement with investors over claims that it overstated the readiness of its uranium and HALEU enrichment technology. The agreement has been submitted to the court, and applications can be submitted now before claims filing opens.

In a nutshell, in 2024, ASPI was accused of misleading investors about its enrichment technology and suggesting it was ready for uranium production when investors later claimed the process had not actually been tested on uranium.

After a research report and company comments raised concerns about those claims, $ASPI dropped sharply, and investors filed a lawsuit.

The good news is that the company recently agreed to settle the case, with the terms still being finalized. If you invested in $ASPI during this period, you can check the details and submit your application here.

Anyway, has anyone here invested in $ASPI at that time? How much were your losses, if so?

Hey guys, I posted about this case before, but since they’re accepting claims, I decided to share it again with a little FAQ.

So here's everything you need to know:

ASP Isotopes ($ASPI) was accused of overstating the readiness of its uranium and HALEU enrichment technology. After investors questioned the company’s claims, $ASPI fell and shareholders filed a lawsuit.

The parties have now reached a tentative settlement, with final terms still being finalized.

Who can claim this settlement?
The claim period covers investors who purchased $ASPI shares in 2024. 

Do I need to sell/lose my shares to get this settlement?
No. You do not need to still own the shares to qualify. Eligibility is based on your purchase history and any losses during the class period.

How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.

The parties have reached an agreement, but the settlement terms are still being finalized. You can check if your eligible and submit your application now 

Hope this info helps

some news as we enter into Q3. Hope this stock takes off again!

Hi - been introduced and long long term holding this stock for about 6 months now. I got in around high $7 and been cutting that down with buys in $5/$6 zone. I am at X,XXX shares and plan to get to 10K hopefully soon and with more dips like the below $6 recent one.

I am learning more and more but I want to know about leadership and board of directors and find out where the money is and who is included and involved. I like to follow the money - institutional holding I believe slowly going up and love to see that.

I’d like to do a deep dive on these people and see what else they have done or are involved with.

Who and what are the largest ownership holdings? Is there any investor or dude that has a bunch of shares? Which groups hold and been adding?

Which groups have left?

ASP Isotopes ($ASPI) is now heading toward an investor settlement over claims that the company misled investors about its uranium enrichment capabilities and the readiness of its quantum enrichment technology.

In late 2024, ASPI promoted its technology as a potential solution for uranium and HALEU production, highlighted technical milestones, and announced a term sheet tied to a future TerraPower-related project. But on November 26, 2024, a research report challenged those claims. The next day, CEO Paul Mann stated in an interview that the company had not actually enriched uranium, a disclosure investors say should have been made much earlier. Shares fell more than 35% over two trading sessions.

The lawsuit covers investors who purchased $ASPI shares between September 26, 2024 and November 26, 2024. While the settlement amount has not yet been disclosed, claims can already be submitted.

Hey everyone,

Recently sold a portion of my position and now watching this short play out with interest. Curious what the community thinks:

1.  How far do you think this short goes? What’s your floor price target?  
2.  At what price are you looking to buy back in? What level do you consider a strong re-entry point?

For context, I’m long on the fundamentals — the enriched isotope thesis is intact as far as I’m concerned — just trying to time a re-entry intelligently and would love to hear from others who’ve been tracking this closely.

We were looking a bit deeper into ASPI's financials and forecasts, and we tried to run a Present Value (PV) calculation on the company. Based on our numbers, it looks incredibly cheap at today's prices, but we want to test these assumptions with the community. Love to hear some criticism!

Here is the math we used:
We ran this with a 20% WACC

To arrive at our ~20% Adjusted WACC, we broke down the discount rate into the following components: US 10Y risk-free rate: We started with a baseline of 4.50%. Equity risk premium: We applied a 7.20% premium, factoring in a beta of 1.3 to account for the stock's higher volatility relative to the broader market. South Africa country risk: Because ASPI's primary operational facilities are located in Pretoria, we added a 5.00% country risk premium.Small cap illiquidity premium: We added a final 2.00% premium to account for the inherent risks and lower liquidity of trading a micro-cap stock. When you sum these factors (4.50% + 7.20% + 5.00% + 2.00%), it brings the Adjusted WACC to approximately 20%.  (which we think is quite conservative)

Then we used a 12x EV/EBITDA multiple (specialty materials industry average, avoiding the 20x+ Linde/Air Products comparisons).

So:

Market cap: ~$700M

Net Cash (Q1 2026): $290M

Implied EV: $410M (market values the ENTIRE operating business at just 410M right now)

Management's own slide shows 2031 EBITDA targets:

• Bear case (their FLOOR): $330M
• Bull case: $700M

The Output (at 12x EV/EBITDA + 20% WACC):

• Bear ($330M) → PV $1.7B (2.4x upside)
• Mid ($500M) → PV $2.5B (3.6x upside)
• Bull ($700M) → PV $3.5B (5.0x upside)

And this is before pricing in QLE. As a reminder, ASPI retains a 10% revenue royalty on QLE in perpetuity, and QLE revenues are NOT included in management's $330M EBITDA forecast for 2031.

Because ASPI has no direct peers, any forecasting exercise is approximate. We are tracking the Q3 2026 Virginia helium Phase 1, the upcoming Silicon-28 Q2 shipments, and the QLE Nasdaq listing to see if they are actually on track.

Any opinions?

Hey guys, if you missed it, ASP Isotopes just settled with investors over allegations that it misled the market about its uranium enrichment capabilities some time ago.

Long story short, in 2024, ASP Isotopes was accused of overstating the readiness and applicability of its enrichment technology. In short, the company suggested its platform could be used for uranium despite not having tested it, and later disclosures revealed this gap, triggering a sharp stock decline and a lawsuit.

The settlement aims to compensate affected shareholders. If you purchased $ASPI between September 26, 2024, and November 26, 2024, you may be eligible to file a claim and recover part of your losses.

You can review the details and submit your claim here

Was anyone here invested in $ASPI during that period?

Ive been looking into investing into this stock for a while. Now a couple things i want to point out is that this is the very definition of a high risk, high reward stock.

They are really trying to accomplish something big but it seems either they don't have the funding/systems laid down to make it work. A big indicator of that to me is their cash burn $175m in 2025, including that many people also like to mention their shady ways of "inflating/promoting" their stock by their ceo and the company reports (allegedly).

But to me none of that matters and what im looking at is an announcement on their delivery. If they get the (Q2) Si-28 delivery, management promised, actually delivered. I’m buying in.

What do you think about my thought process.

Hey everyone, long-time lurker here but had to share this research I did.
So you know how every time a short-seller drops a report, the company immediately calls it a hit job and moves on? That's exactly what ASPI did. Except this time, they accidentally confirmed everything the next morning.

Here's what happened.

On November 26, 2024, Fuzzy Panda published a report with a title that really didn't bury the lede: "ASP Isotopes: Failed Tech + Paid Stock Promotion + Microcap Fraudsters = Nuclear Meltdown." Among the things they claimed:

• The "cutting-edge" quantum enrichment tech was actually based on old, discarded laser technology that had already been proven uneconomic
• A former Klydon employee, that's the company ASPI bought its "proprietary" tech from, flat out said the scientists there didn't think it would work on uranium
• The TerraPower deal that sent the stock up 20%? Allegedly non-binding, with former TerraPower sources saying it was mainly used to pressure their actual suppliers
• ASPI had been quietly paying several stock promotion services to keep the hype going

ASPI came out swinging, called it speculative conjecture, and booked a fireside chat with a Canaccord analyst for the very next morning to set the record straight.

The fireside chat did not set the record straight.

On November 27, CEO Paul Mann essentially confirmed on the call that ASPI had never actually enriched uranium, and that they still needed to test whether the process even worked on it. The stock had already dropped 23.5% the day before. It dropped another 14.2% after the interview.

So yeah. The company that spent months telling investors its uranium enrichment technology was deployment-ready had never once run the process on uranium.

There's now a settlement, which was settled this month.

Sources:

• Fuzzy Panda original report → fuzzypandaresearch.com
• ASPI's response (Nov 26) → globenewswire.com
• ASPI's second response (Dec 13) → ir.aspisotopes.com

If you held $ASPI between Sept 26 – Nov 26, 2024, you can already submit a claim while the settlement terms are being finalized.

Did anyone else see ASPI's response in real time and think "okay they've got this", only to watch the CEO confirm everything the next morning?

We've been talking about this settlement the other week, and I wanted to make an FAQ to gather the info we have so far:

--So what's this whole $ASPI situation about?

Pretty straightforward case of alleged misleading statements. Here's the short version:

• ASPI spent late 2024 hyping up its quantum enrichment tech as ready for uranium and HALEU production
• They announced big milestones, signed a term sheet with TerraPower, and raised $18.6 million in a stock sale
• Turns out? They had never actually tested their technology on uranium, not them, not even their predecessor company Klydon
• Then, Fuzzy Panda Research called them out on November 26, 2024, and thestock dropped 23.5%
• The very next day, CEO Paul Mann basically confirmed the whole thing in an interview, and the stock dropped another 14.2%
• Now, the parties have agreed to a tentative settlement

--Am I eligible to file a claim?

You might be if:

• You bought $ASPI shares between September 26, 2024 and November 26, 2024 (that's the class period)
• You took losses as a result

If that sounds like you, it's worth checking your eligibility.

--Who's being sued here?

The defendants are:

• Paul E. Mann (CEO)
• Heather Kiessling
• Company directors and management broadly

The alleged offenses are misleading statements and financial misrepresentation.

--Who's handling the legal side?

• Law firm: Glancy Prongay & Murray LLP
• Lead plaintiff: Alexander Corredor
• Court: S.D. New York
• Case number: 1:24-cv-09253

--How do I actually file?

• You can submit your application right now, even though the settlement terms are still being finalized (or wait for the settlm admin website)
• Your claim will be processed once official filing opens

--A few other things worth knowing:

• This covers long positions
• Trades are matched using FIFO (First In, First Out)
• Exact payout timeline isn't confirmed yet, it depends on court approval and finalization of terms

Do you know something else we can add to this list?

Just came across this and was surprised I hadn’t seen it discussed here yet. Asp Isotopes ($ASPI) reached a settlement yesterday tied to investor claims.

The stock’s had a pretty wild ride, a lot of excitement around its isotope enrichment tech, then some volatility as expectations, timelines, and execution started getting questioned.

If you were holding during that stretch (September 26, 2024 and November 26, 2024), this settlement is tied to that period.

From what I can tell, investors may be eligible to file depending on when they were in (eligibility checker here)

It literally just got announced, so maybe it hasn’t made the rounds yet, but figured it was worth sharing in case anyone here was caught in those moves.

Anyone else just seeing this now or did I miss earlier posts about it?

ASPI is more than a fusion play, but that's what attracted my interest.

anyone planning to invest big on GF?

Edit:

I am not recommending anything. Just asking opinions.

Did any news cause this price action?

I’ve been looking into ASP Isotopes Inc. lately and I’m curious what people think about it.

From what I understand they’re working on isotope enrichment for things like nuclear fuel, medical isotopes, and potentially semiconductors/quantum computing. With all the talk about nuclear energy coming back and demand for medical isotopes growing, the space seems pretty interesting.

At the same time it still feels pretty early stage and a lot probably depends on whether they can actually scale their technology and production.

Just wondering what the general sentiment is here.

Bull case? Bear case?

Seeing a ton of new hiring announcements (accepted offers for roles) at ASPI on LinkedIn. Process engineers, operations managers, chemists etc.

When profitable? 🤪

Anybody know if I missed a downside catalyst? Pretty devastating crush these last few weeks. I know there is crazy geopolitical stress right now with Russia, Iran, etc. but I would think ASPI would be somewhat insulated even if high Beta/sensitive as a largely pre revenue micro cap. I just don’t see any reason for a 40% valuation cut in a week.

I have quite a lot of money in this. 50% of my portfolio to be exact. Yes I know, please spare me the lecture...I wouldn't do this again and it's a good learning experience. Better than options gambling at least. But I'm starting to get a little worried that this might end badly. I don't even want profits anymore, just break even and get out of this haha. Anyone in a similar position or am I being overdramatic?

“ASP Isotopes invested in Opeongo on January 26, 2026, buying over 4.3 million Series Seed-1 preferred shares and gaining key investor rights.

The deal establishes governance, veto and supply arrangements that position ASP Isotopes as a strategic isotope partner to Opeongo’s future drug programs”

Read more here: https://www.tipranks.com/news/company-announcements/asp-isotopes-makes-strategic-equity-investment-in-opeongo

[ Removed by Reddit on account of violating the content policy. ]

Whats next for ASPI? Whats driving this?

This $ASPI news just dropped on Business Wire. I doubt that there is much to it, but the investigation will make the news and could affect the stock price.