International Isotopes (INIS) has released an update to notify the public and investors about an entry into a material definitive agreement.
International Isotopes Inc. has struck a deal to sell the assets and specific liabilities of its depleted uranium deconversion and fluorine extraction plant to American Fuel Resources, LLC. The $12.55 million transaction hinges on regulatory approvals and customary conditions, with an initial $50,000 prepayment and the balance due upon closing within 12 to 24 months. The agreement includes standard assurances and provisions for a deal of this nature, with the potential for termination under certain breaches or if necessary license transfers are not anticipated to be completed by March 2026.
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For a comprehensive understanding of the announcement, you can read the full document here.
