International Isotopes sells depleted uranium deconversion assets to AFR for $12.5M

RADNOSTIX INC

Sale of DUF 6 plant assets to American Fuel Resources for $12.5M cash at closing, plus $50K prepayment.
Closing expected in 12–24 months, contingent on NRC license transfer and other conditions.
Company to focus on medical device and theranostics business lines; plans to strengthen balance sheet.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RADNOSTIX INC entered into Asset Purchase Agreement with American Fuel Resources, LLC valued at $50,000 Prepayment and $12,500,000 at Closing (effective 2024-02-08).

Action: entry
Agreement: asset purchase
Counterparty: American Fuel Resources, LLC
Value: $50,000 Prepayment and $12,500,000 at Closing
Effective: 2024-02-08

Exact text from the filing

On February 8, 2024, International Isotopes Inc. (“INIS”) and its wholly-owned subsidiary International Isotopes Fluorine Products, Inc. (together with INIS, the “Company”) entered into an Asset Purchase Agreement (the “APA”) with American Fuel Resources, LLC (“AFR”), pursuant to which the Company agreed to sell to AFR all the assets and certain specified liabilities of the Company’s depleted uranium deconversion and fluorine extraction plant (the “DUF 6 Plant”)

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RADNOSTIX INC filing history →

Source: SEC EDGAR

accession 0001437749-24-003529

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