ASP Isotopes Inc.’s uranium-enriching arm is offering convertible notes in a deal that has drawn the backing of investors including Eric Trump and Donald Trump Jr.
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The deal has been led by American Ventures, an investment firm with ties to Dominari Holdings Inc., the boutique bank that sits in Trump Tower.
President Donald Trump’s two eldest sons, Eric and Donald Jr., advise and invest in Dominari. They contributed capital to the QLE note offering, according to the statement.
QLE is also offering the notes to foreign investors. It is building enrichment facilities in South Africa.
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1789 Capital, the investment firm that Trump Jr. joined as a partner last year, has backed American rare earth magnet company Vulcan Elements, and Hadrian, a company that builds factories for aerospace and defense manufacturers.
Other ventures backed by the Trump family span drones, blank-check companies and Bitcoin mining.