Radnostix and NANO Nuclear file joint NRC request for license transfer

what happened

Radnostix (formerly International Isotopes, OTCQB: INIS) and NANO Nuclear have together sent a letter of intent to the US Nuclear Regulatory Commission. They are asking the regulator to approve moving control of Material License SUB-1011 from Radnostix and its unit International Isotopes Fluorine Products to NANO Nuclear's subsidiary HALEU Energy Fuel Inc.

The step follows a unanimous vote by Lea County commissioners approving a resolution that authorizes a letter of intent with NANO Nuclear for a site of about 640 acres, the former location of a planned DUF6 deconversion plant. The county resolution does not complete the property transfer; it only sets a framework for further talks. The parties expect to follow the letter with a formal consent application.

Under the asset purchase agreement dated September 28, 2026, the price is $9.5 million in cash, including a $0.5 million deposit already paid by NANO Nuclear, plus NANO shares worth $4.0 million under a volume-weighted average price formula. Closing is tentatively planned within 90 to 120 days and depends on NRC consent, final site arrangements and environmental assessments.

why it matters

The deal covers depleted uranium hexafluoride deconversion and fluorine extraction assets, which the parties expect will speed up NANO Nuclear's domestic nuclear fuel-cycle work. For markets it is a small transaction, but it shows progress on fuel-supply infrastructure, a theme watched by investors in uranium and nuclear stocks. Closing still depends on several conditions, so the outcome is not settled.

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