Power moves, Nano Nuclear Energy agrees to buy NRC-licensed nuclear fuel assets for $13.5M

Nano Nuclear Energy Inc. (NNE) has signed a definitive asset purchase agreement to acquire nuclear fuel processing assets from Radnostix, Inc., formerly International Isotopes Inc., and its subsidiary International Isotopes Fluorine Products, Inc., according to a company press release dated Oct. 1, 2026.

The acquisition includes a U.S. Nuclear Regulatory Commission (NRC) license, related intellectual property, patented technology, engineering and safety analyses, and regulatory materials associated with a previously planned depleted uranium hexafluoride (DUF6) deconversion and fluorine extraction facility in Lea County, New Mexico. The facility was licensed but never constructed.

The transaction is valued at $9.5 million in cash and $4.0 million in Nano Nuclear common stock, payable at closing. Closing is subject to NRC consent to the license transfer, approvals from New Mexico officials, satisfactory site arrangements, and other conditions. The parties expect closing in approximately 90 to 120 days.

Upon completion and license transfer, Nano Nuclear states it would own one of ten NRC-licensed fuel cycle facilities in the United States. The company said it plans to evaluate commercial and development options for the assets following closing, including potential deconversion activities and collaborations with strategic partners. No final investment decision has been made.