NewsMV
(NASDAQ: NNE) has entered into a definitive agreement to acquire strategic U.S. nuclear fuel processing assets from Radnostix, Inc. and its subsidiary International Isotopes Fluorine Products, Inc.
The transaction is designed to advance the company's vertical integration strategy by securing existing Nuclear Regulatory Commission (NRC) licensed infrastructure.
Under the asset purchase agreement, NANO Nuclear will pay $9.5 million in cash and $4.0 million in NANO common stock at closing.
The assets include an NRC license and related intellectual property for a depleted uranium hexafluoride (DUF6) deconversion and fluorine extraction facility in Lea County, New Mexico.
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