INTERNATIONAL ISOTOPES TO DIVEST DEPLETED URANIUM DECONVERSION ASSETS TO AMERICAN FUEL RESOURCES FOR $12,500,000 CASH
International Isotopes Inc. (INIS)
NASDAQ:AMEX Investor Relations:
intisoid.com/index.php/contact
Company Research
Source: PR Newswire
IDAHO FALLS, Idaho, Feb. 8, 2024 /PRNewswire/ -- International Isotopes Inc. (OTCQB: INIS) ("International Isotopes," "INIS" or the "Company") is pleased to announce that it has entered into a definitive agreement to sell all of its assets related to its depleted uranium deconversion and fluorine processing venture ("DUF6 Assets") to American Fuel Resources, LLC ("AFR") for $12,500,000 cash at closing. AFR is a leading trader of nuclear fuel components (U3O8, UF6) and services (conversion and SWU).Shahe Bagerdjian, President & CEO of INIS commented, "We are happy to have found a great home with AFR for our DUF6 assets. We believe AFR is well positioned to bring the deconversion facility into operation. For INIS, this is a pivotal time to focus on the growth of our medical device and theranostics business lines and this deal will strengthen our balance sheet to do just that."Under the terms of the transaction, AFR will pay INIS a $50,000 prepayment at signing and the remaining $12,450,
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News
- INTERNATIONAL ISOTOPES INC. ANNOUNCES FISCAL RESULTS FOR FISCAL YEAR 2023 [Yahoo! Finance]Yahoo! Finance
- INTERNATIONAL ISOTOPES INC. ANNOUNCES FISCAL RESULTS FOR FISCAL YEAR 2023PR Newswire
- International Isotopes to Sell Assets for $12.5 Million [MarketWatch]MarketWatch
- INTERNATIONAL ISOTOPES TO DIVEST DEPLETED URANIUM DECONVERSION ASSETS TO AMERICAN FUEL RESOURCES FOR $12,500,000 CASH [Yahoo! Finance]Yahoo! Finance
INIS
Sec Filings
- 4/29/24 - Form DEF
- 4/29/24 - Form SC
- 3/29/24 - Form 10-K
- INIS's page on the SEC website