Trump Sons Back ASPI’s Uranium Unit QLE in Convertible Note Sale

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.

Quantum Leap Energy LLC, wholly owned by ASP Isotopes, is offering the notes in a private placement, and has raised about $64.3 million in an agreement with certain investors, according to the Friday statement. It’s now canvassing additional investors with a view to raising about $100 million in combined proceeds, according to a person familiar with the matter.

The notes are set to value QLE at $400 million prior to the ...