NANO Nuclear Expands Fuel Cycle Capabilities with Radnostix Acquisition

In a major move to solidify its position in the advanced nuclear fuel supply chain, NANO Nuclear Energy and its subsidiary, HALEU Energy Fuel Inc., have signed a definitive agreement to acquire strategic U.S. nuclear fuel processing assets from Radnostix, Inc. The transaction includes a highly valuable Nuclear Regulatory Commission (NRC) license and intellectual property for a depleted uranium hexafluoride (DUF6) deconversion and fluorine extraction facility located in Lea County, New Mexico.

Financial Details and Transaction Structure

The acquisition is structured with a total consideration comprising $9.5 million in cash and $4.0 million in NANO common stock. The closing of the transaction is expected to occur within 90 to 120 days, subject to standard regulatory approvals, including the necessary NRC consent for the license transfer. This strategic investment provides NANO Nuclear with immediate regulatory footholds in the complex nuclear fuel processing sector.

Advancing Vertical Integration

The acquired NRC license was originally issued for a DUF6 deconversion facility. NANO Nuclear plans to leverage this existing 10 CFR Part 70 licensing basis to streamline regulatory pathways for adding additional fuel cycle processes. This approach significantly accelerates the company's broader strategy in uranium conversion and enrichment.

Upon completion of this transaction, NANO Nuclear will own one of only ten NRC-licensed fuel cycle facilities in the United States, marking a transformative milestone for our advanced nuclear energy platform.

This acquisition is a cornerstone of NANO Nuclear's long-term strategy to establish a fully vertically integrated advanced nuclear energy and fuel platform. By spanning uranium conversion, enrichment, deconversion, and transportation, the company aims to provide end-to-end solutions for the burgeoning High-Assay Low-Enriched Uranium (HALEU) market, ensuring secure and efficient fuel delivery for next-generation reactor developers.

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