Radnostix Signs Definitive Agreement to Divest DUF6 and Fluorine Assets to NANO Nuclear
Radnostix (formerly International Isotopes) signed a definitive agreement to sell its DUF6 deconversion and fluorine extraction assets, including an NRC 10 CFR Part 40 license, to NANO Nuclear Energy for $9.5 million in cash plus $4.0 million in NNE stock. Closing is expected in roughly 90 to 120 days but depends on NRC consent to the license transfer and other approvals, including from New Mexico officials.
Key figures
- Cash consideration
- $9.5 million
- Stock consideration
- $4.0 million in NANO common stock
- Expected closing days
- 90 to 120
AI analysis
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