Nano Nuclear announced on October 1 that it agreed to purchase assets tied to Radnostix Inc.'s previously planned deconversion facility in Lea County, N.M., according to the American Nuclear Society. Radnostix was known as International Isotopes Inc. until December 2025.
The deal would give Nano ownership of a fuel cycle facility licensed by the Nuclear Regulatory Commission. It would also bring intellectual property for depleted uranium hexafluoride deconversion and fluorine extraction processes that Radnostix had planned to pursue at the site. The agreement has not been executed and requires NRC approval.
The company's Fluorine Products subsidiary received the NRC license in 2012 to build the Fluorine Extraction Process and Depleted Uranium Deconversion Plant. At the plant, depleted uranium hexafluoride would be converted into fluoride products for commercial sale and uranium oxides for disposal. In 2015 the Lea County Board of Commissioners granted an extension, and the company attributed delays to a downturn in the nuclear industry. The construction start date moved to December 31, 2016, and work never began.
American Fuel Resources applied to the NRC in October 2025 for a material transfer license to acquire some of the assets through its Green Salt Products subsidiary. In March 2026 American Fuel and Radnostix jointly requested to withdraw the application after American Fuel was unable to make its March 31 payment. The NRC approved the cancellation, which cleared the way for Nano's application.
Nano is best known for its efforts to deploy high-temperature gas-cooled microreactors. In December 2024 it acquired intellectual property from the Ultra Safe Nuclear bankruptcy auction, including the Micro Modular Reactor system it rebranded as the Kronos MMR.
Source: American Nuclear Society - https://www.ans.org/news/2026-10-06/article-8463/nano-nuclear-seeks-to-build-frontend-capabilities-with-radnostix-assets/