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Reg CFTRL98.89.0Tier IIFully committed

Vantage Isotopes Revenue Share

A share of metered output from an operating actinium-225 and molybdenum-99 production line.

Actinium-225 is one of the scarcest useful substances on earth and targeted alpha therapy demand is growing faster than supply. Vantage operates an accelerator-driven subcritical target that has been shipping for two years under three take-or-pay distribution agreements. Investors receive 4% of gross isotope revenue until a 1.9x cap, paid quarterly against metered output.

Discovery Ridge Research Park · Columbia, MOIn commercial operationEscrow: Cadence Escrow Services
TRL 9 of 9, band 8.8 to 9, signed by Dr. Samuel Adeyemi, PhD Nuclear Engineering; ASME Section III reviewer, on May 15, 2026.See the evidence it rests on

$5,000,000 committed of $5,000,000

$5,000,000 released · 100% subscribed

Released to the issuerCommitted, held in escrowRemaining
Minimum
$100

$50 per unit

Instrument
Revenue share
Term
10 yr
Investors
2,766

Closed April 30, 2026

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9

Technology readiness level, 1 to 9

Confidence band 8.89.0

The facility has been in commercial operation for two years and the evidence is metered output and shipped product rather than analysis. This is the narrowest band on the platform because there is nothing left to infer. The residual risk in this offering is market and reimbursement policy, not technology.

At TRL 9, the ladder permits Revenue share or Fixed-rate note or Municipal mini-bond and releases up to 100% of committed capital. This offering is structured as a revenue share, which is consistent with that band.

Signed and published

Reviewer
Dr. Samuel Adeyemi
Credential
PhD Nuclear Engineering; ASME Section III reviewer
Signed
May 15, 2026
Published
May 16, 2026
Methodology
v1.4
Model
ci-trl-2026.06
Generated
May 11, 2026

Evidence

Every score cites the documents it was derived from, with the weight each carried. An assessment without evidence is an opinion.

SourceDocumentDateWeight
Metered output

Two years of production and shipment records

Issuer operating records, distributor confirmations

Cumulative shipped activity across 118 production runs with 94% schedule adherence.

Apr 30, 202642%
Operating license

Materials license, in good standing

NRC materials license with no open violations

Most recent inspection closed with no findings.

Feb 14, 202624%
Supplier contract

Three take-or-pay distribution agreements

Radiopharmacy distributors, multi-year terms

Contracted volume exceeds current production capacity.

Nov 8, 202522%
Peer-reviewed publication

Target yield and separation efficiency

Peer-reviewed radiochemistry literature

Independent replication of separation yield within stated tolerance.

May 19, 202512%

Score history

A score changes on the day a reviewer signs a new assessment, which is why this is a step line rather than a curve.

13579Apr 2023Jun 2024May 2025May 2026