Nano Nuclear Energy to buy US nuclear fuel processing assets from Radnostix; shares rise

NANO Nuclear Energy

01/10/2026 13:26

** Shares of nuclear technology company Nano Nuclear Energy NNE.O up 2.5% to $16.14 premarket
** Co and its unit, HALEU Energy Fuel, enter into a definitive asset purchase agreement with Radnostix and its unit International Isotopes Fluorine Products to acquire strategic US nuclear fuel processing assets
** Assets include a US Nuclear Regulatory Commission license and related intellectual property and technical materials associated with a previously planned depleted uranium hexafluoride deconversion and fluorine extraction facility in New Mexico
** Under the asset purchase agreement, the consideration being paid for the assets at closing is $9.5 million in cash and $4.0 million in NANO common stock, payable and issuable at closing in accordance with the agreement 
**  Upon completion of the transaction and transfer of the NRC license, NANO Nuclear would own one of ten NRC-licensed fuel cycle facilities in the United States 
**The parties currently expect closing in approximately 90 to 120 days, depending on those approvals and conditions
** As of last close, NNE down 34% YTD

 (Dharna Bafna in Bengaluru)
 ((dharna.bafna@thomsonreuters.com))