NANO Nuclear Energy (NASDAQ: NNE) signed a definitive purchase agreement on September 28, 2026, to acquire strategic nuclear fuel processing assets licensed by the U.S. Nuclear Regulatory Commission (NRC). The total transaction value is $13.5 million, comprising $9.5 million in cash and $4 million in common stock, both payable at closing.
The seller is Radnostix Inc. — formerly known as International Isotopes Inc. — and its subsidiary International Isotopes Fluorine Products Inc. The transferred assets include an NRC license, patents, engineering and safety analyses, regulatory documentation, and technical materials related to a depleted uranium hexafluoride (DUF6) deconversion and fluorine extraction facility located in Lea County, New Mexico. The plant had been designed and licensed but was never built.
Should the transaction close, NANO Nuclear will become the owner of one of only ten NRC-licensed fuel cycle facilities in the United States — a figure that speaks volumes about the scarcity of such authorizations and the difficulty of securing new ones. Closing is expected within 90 to 120 days, subject to NRC consent for the license transfer, approvals from New Mexico state offices, and other contractual conditions.
The industrial rationale is straightforward. NANO Nuclear operates in the microreactor segment through its development programs, but is pursuing a vertically integrated presence across the entire domestic nuclear fuel supply chain. Acquiring an existing NRC license — rather than starting a licensing process from scratch — offers a faster regulatory pathway for potential plant expansions or modifications. The company stated that the technical and regulatory assets being acquired could streamline the development of similar capabilities at other locations. The wholly owned subsidiary HALEU Energy Fuel Inc. is the direct acquiring entity in the deal.
The broader context is one of an American race to rebuild the domestic nuclear fuel supply chain, after years of reliance on foreign sources — particularly Russia — for uranium enrichment. NANO Nuclear is positioning itself ahead of what the industry expects will be growing demand for fuel processing capacity as advanced reactors expand. If the deal closes on schedule, the company will have secured a licensed infrastructure that has few equivalents on the open market.
