Radnostix Inc. Announces Asset Sale of DUF6 Plant to HALEU/NANO

What Happened
Radnostix, Inc. (INIS) and its wholly owned subsidiary International Isotopes Fluorine Products, Inc. (IIFP) filed an 8‑K reporting that on September 28, 2026 they signed an Asset Purchase Agreement to sell all assets related to a planned depleted uranium deconversion and fluorine extraction plant (the “DUF6 Plant”) to Nano Nuclear Energy Inc. (Parent) and its subsidiary HALEU Energy Fuel Inc. (Buyer). The deal includes regulatory and technical assets such as NRC Material License SUB-1011, a New Mexico air quality permit, issued/expired U.S. patents, and related technical and vendor documentation. The Buyer will pay $9.5 million in cash at closing (less escrowed funds and lien-release costs) and issue $4.0 million of the Parent’s restricted common stock; an earlier $0.5 million escrow deposit will be released to Radnostix on signing. Closing is subject to customary conditions and specific approvals, including NRC license transfer, satisfactory environmental assessments, and Buyer obtaining fee simple title or a leasehold interest in the approximately 640‑acre Hobbs Site in Lea County, New Mexico.

Key Details

• Purchase Agreement signed: September 28, 2026; press release dated October 1, 2026.
• Cash consideration: $9.5 million at closing, net of the $0.5 million escrow and any lien-release payments.
• Stock consideration: $4.0 million of Parent restricted common stock; shares determined by VWAP from the 10th trading day before the agreement through the trading day before closing (no fractional shares; cash paid for fractions).
• Material assets sold: NRC license SUB-1011, New Mexico air permit, patents, technical/design/safety/vendor materials (including General Dynamics documentation), and other assets related to permitting, development and operation of the DUF6 Plant.
• Closing conditions/risks: NRC license transfer approval, Buyer acquisition of Hobbs Site title/leasehold, satisfactory environmental assessments; Outside Date is 120 days after Sept 28, 2026 (extendable 60 days).

Why It Matters
This transaction converts Radnostix’s DUF6 Plant-related assets into near-term cash and equity in the Buyer’s parent, while shifting most future project ownership and certain post‑closing liabilities to the Buyer. For investors, the deal is material because it changes the company’s asset base and could provide immediate liquidity (cash plus escrow release) and potential upside via the issued parent stock. However, closing is contingent on regulatory approvals (notably the NRC license transfer), property transfer arrangements for the Hobbs Site, and environmental results — any of which could delay or prevent the sale. Shareholders should watch for updates on NRC approval, the Hobbs Site transaction, completion of environmental assessments, and the eventual issuance details of the parent restricted shares.