Mergers & Acquisitions ·
Radnostix agrees to sell depleted uranium assets to NANO Nuclear Energy for $9.5 million in cash plus $4 million in stock
INISRadnostix Inc
Radnostix Inc. entered into an Asset Purchase Agreement on September 28, 2026, to divest its depleted uranium deconversion and fluorine extraction assets (the DUF6 Plant) in Hobbs, New Mexico, to NANO Nuclear Energy Inc. The transaction consideration consists of $9.5 million in cash and $4 million in restricted shares of NANO common stock, subject to adjustments for liens and escrow funds. Closing is contingent upon U.S. Nuclear Regulatory Commission license transfer approval, satisfactory environmental assessments, and the acquisition of fee simple title or a valid leasehold interest in the 640-acre Hobbs Site from Lea County. The company intends to use net proceeds to accelerate growth in its radioisotope technology segments. Radnostix Inc. manufactures radioisotope technology products, including pharmaceutical drug products for thyroid cancer treatment and calibration standards.