Nano Nuclear to buy NRC-licensed DUF6 fuel-cycle assets for $9.5M cash plus $4M stock

Nano Nuclear Energy Inc.

Nano Nuclear and sub HALEU Energy Fuel to acquire Radnostix/International Isotopes Fluorine Products assets, including NRC Material License SUB-1011 and N.M. air quality permit.
Consideration at closing: $9.5M cash (less the $0.5M escrow released to RNX) plus $4M in restricted NNE shares priced on VWAP from 10 days before signing to the day before closing.
Closing hinges on NRC approval of the license transfer, New Mexico consents, Buyer getting title/lease to the Lea County 'Hobbs Site' and ending the existing Industrial Revenue Bond.
Expected close in roughly 90-120 days; outside date is 120 days after Sept 28, 2026, extendable 60 days. If the deal breaks, Sellers return the $0.5M escrow to Buyer within two business days.
The licensed DUF6 plant was never constructed; NANO sees the existing license as a faster route to Part 70 processes and says a close would make it one of ten NRC-licensed U.S. fuel-cycle sites.

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