Radnostix, NANO Nuclear seek NRC consent for license transfer tied to asset sale
NNE•NNE•NNE•NNE•Radnostix and NANO Nuclear jointly sought NRC consent to transfer License SUB-1011 to a NANO subsidiary as part of an asset sale for $9.5 million in cash and $4 million in NANO common stock. Closing is targeted in 90 to 120 days, subject to NRC consent and other conditions.
The September 28, 2026, agreement covers deconversion and fluorine extraction assets. Consideration includes $9.5 million in cash, including a $500,000 deposit, and $4 million in NANO common stock valued under a contractual volume-weighted-average-price formula. Lea County authorized a letter of intent covering about 640 acres, while definitive site arrangements remain under negotiation.
Closing is targeted in approximately 90 to 120 days, subject to NRC consent, final site arrangements, satisfactory environmental assessments and other conditions.
