NANO Nuclear Energy Inc. (NASDAQ: NNE) and its wholly owned subsidiary HALEU Energy Fuel Inc. entered into a definitive asset purchase agreement with Radnostix, Inc. (formerly International Isotopes Inc.) and its subsidiary International Isotopes Fluorine Products, Inc., the company announced on 1 October 2026. The deal covers strategic US nuclear fuel processing assets.
One of ten NRC-licensed fuel cycle facilities
Upon completion of the transaction and transfer of the NRC licence, NANO Nuclear would own one of ten NRC-licensed fuel cycle facilities in the United States. The licence was originally issued to construct and operate a DUF6 deconversion and fluorine extraction facility in Lea County, New Mexico; the contemplated facility was never constructed. The site is licensed under 10 CFR Part 40 (Domestic Licensing of Source Material), and the licensing basis was required by the NRC to meet applicable standards.
What the acquisition includes
The transaction covers the licence and assets along with related patented technology, engineering and safety analyses, and regulatory and permitting materials.
A step toward vertical integration
If completed, the proposed acquisition would represent another milestone in NANO Nuclear's long-term strategy to establish a vertically integrated advanced nuclear energy and fuel platform. The company says the move would extend potential capabilities — whether internally or through strategic collaborations — across uranium conversion, enrichment, deconversion and transportation through to reactor deployment.
Why deconversion infrastructure matters
DUF6 deconversion converts depleted uranium hexafluoride, a by-product of the enrichment process, into a more stable form for storage or reuse, while fluorine extraction can recover fluorine products. For a company developing microreactors, nuclear fuel cycle capabilities and nuclear transportation solutions, owning licensed deconversion infrastructure adds a regulated link at the front end of the fuel cycle that is difficult and slow to replicate from scratch.
The agreement is the latest example of private capital moving into NRC-licensed fuel cycle infrastructure, a segment where licensing pathways, site permits and regulatory compliance create substantial barriers to entry. NANO Nuclear frames the purchase as extending its reach across the fuel cycle alongside its reactor and transportation businesses, with the transaction subject to completion conditions including transfer of the NRC licence.
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