Radnostix and Nano Nuclear file NRC letter of intent for license transfer

Radnostix, Inc. (OTCQB: INIS), formerly International Isotopes Inc., and Nano Nuclear Energy have jointly submitted a Letter of Intent to the U.S. Nuclear Regulatory Commission seeking consent for the transfer of NRC Material License SUB-1011, according to a press release.

The filing requests NRC consent under 10 CFR 40.46 for the transfer of License SUB-1011 from Radnostix and its subsidiary International Isotopes Fluorine Products, Inc. to Nano Nuclear's wholly owned subsidiary, HALEU Energy Fuel Inc. The parties plan to follow the letter with a formal consent application. NRC consent is a required closing condition of an asset purchase agreement signed Sept. 28, 2026.

The NRC submission follows the Lea County Board of County Commissioners' unanimous passage of Resolution No. 26-SEP-229R, which authorized a Letter of Intent between Lea County and Nano Nuclear for the potential transfer of approximately 640 acres in New Mexico — the former International Isotopes DUF6 deconversion project site. The county resolution does not complete the property transfer but provides a framework for continued negotiations.

Under the asset purchase agreement, HALEU Energy Fuel Inc. would acquire the DUF6 deconversion and fluorine extraction assets, including License SUB-1011. The agreed consideration is $9.5 million in cash, including a $0.5 million deposit already funded by Nano Nuclear, plus Nano Nuclear common stock valued at $4.0 million based on a contractual volume-weighted average price formula.

The parties are targeting a closing of the asset purchase agreement in approximately 90 to 120 days. Closing remains subject to NRC consent, final site arrangements with Lea County, completion of environmental assessments, and other customary conditions.

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