Radnostix and NANO Nuclear Energy Announce Joint Submission of Letter of Intent to NRC Seeking Consent for Transfer of License SUB-1011, Following Lea County Approval of Property LOI
Radnostix and NANO Nuclear Energy jointly submitted a Letter of Intent to the NRC seeking consent to transfer Material License SUB-1011 to NANO's subsidiary HALEU Energy Fuel Inc. The filing follows Lea County's unanimous approval of a property LOI covering the approximately 640-acre former DUF6 deconversion site in New Mexico, and NRC consent remains a key closing condition of the September 28, 2026 Asset Purchase Agreement.
Key figures
- Deal Value Usd
- $9.5 million in cash plus $4.0 million in NANO common stock
- Site acres
- 640
- Cash consideration
- $9.5 million
- Stock consideration
- $4.0 million
- Expected closing window
- 90 to 120 days
AI analysis
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