Radnostix Sells DUF6 Nuclear Fuel Assets to Nano Nuclear for $13.5M
INIS sits 21% above its 52-week low of $0.045.
Summary
Radnostix agreed to sell its DUF6 deconversion and fluorine extraction assets to Nano Nuclear Energy for $9.5M cash plus $4M in Nano Nuclear stock, a deal worth nearly half the company's market cap.
Key Events · M&A and Partnerships · INIS
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Asset Sale Agreement Signed
Radnostix and subsidiary IIFP signed a definitive Asset Purchase Agreement on September 28, 2026 to sell DUF6 deconversion and fluorine extraction assets to Nano Nuclear Energy Inc. and HALEU Energy Fuel Inc.
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Consideration: $13.5M Total
Buyer will pay $9.5M in cash (less $0.5M escrow already released to Radnostix) plus $4.0M in Nano Nuclear restricted common stock, with share count based on VWAP over a defined period.
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Assets Transferred
Purchased assets include NRC Material License SUB-1011, a New Mexico air quality permit, a portfolio of fluorine extraction patents, and technical documentation from the Sequoyah Fuels conversion plant.
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Closing Conditions and Timeline
Closing requires NRC license transfer approval, Lea County Hobbs Site acquisition or lease, and satisfactory environmental assessments. Expected closing in approximately 90-120 days.
Analysis · INIS · Industrial Applications And Services
Radnostix has signed a definitive agreement to sell its depleted uranium deconversion and fluorine extraction assets to Nano Nuclear Energy for $9.5 million in cash plus $4 million in Nano Nuclear stock. This is a transformative transaction for a company with a market cap of roughly $29 million — the total consideration represents nearly half the company's current valuation. The deal provides immediate liquidity and a strategic pivot toward Radnostix's core radioisotope technology business, while retaining upside exposure through the Nano Nuclear equity stake. Closing is subject to NRC license transfer approval, Lea County site arrangements, and environmental assessments, with an expected 90-120 day timeline. The $0.5 million escrow deposit has already been released to Radnostix upon signing, providing near-term cash. This follows a difficult Q2 2026 in which revenue dropped 27% due to product recalls and a $12.5M asset sale was terminated, making this divestiture a critical balance-sheet strengthening event.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 41.9% of the 327 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.46%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, INIS was trading at $0.06 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $29.1M. The 52-week trading range was $0.05 to $0.11. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.