REG - Iofina PLC - IO#10 Iodine Plant Commissioned

IofinaAnnouncement

13/09/2024 07:00

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RNS Number : 0424E  Iofina PLC  13 September 2024

13 September 2024

Iofina plc

("Iofina", the "Group", or the "Company")

(AIM: IOF)

 

IO#10 Iodine Plant Commissioned

 

Iofina plc (AIM: IOF), specialists in the exploration and production of iodine
and manufacturers of specialty chemical products, is pleased to announce that
the Company's IO#10 IOsorb® plant is now commissioned. The new plant is
undergoing hydro-testing and brine water is flowing through its system. In the
coming days, in line with the planned project timings, IO#10 will shortly
begin concentrating and isolating iodine, with production set to ramp up over
the coming weeks.

IO#10 is the Company's seventh plant currently operating in Oklahoma,
constructed with a new partner and in Iofina's new core area where oil and gas
drilling activity is high. The new plant is expected to make a material
contribution to crystalline iodine production through the end of the year,
with the capacity to produce 100-150MT per annum.

 

Photo: IO#10 in Oklahoma, USA

 

Commenting, President and CEO, Dr. Tom Becker stated:

"IO#10 is another major milestone in our growth plans. The new plant is set to
make a material contribution to Iofina's total crystalline iodine production
through the remainder of the year. We continue to advance discussions with our
chosen brine water partner for our next plant, IO#11, and will make a further
update on this soon."

 

Enquiries:

 

Dr. Tom Becker

CEO & President

Iofina plc

Tel: +44 (0)20 3006 3135

 

Nomad & Broker:

Henry Fitzgerald-O'Connor/Harry Rees

Canaccord Genuity Limited

Tel: +44 (0)20 7523 8000

 

Media Contact:

Charles Goodwin/Shivantha Thambirajah/Zara McKinlay

Yellow Jersey PR Limited

Tel: +44 (0)7747 788 221/+44 (0)7983 521 488

 

About Iofina:

Iofina plc (AIM: IOF) is a vertically integrated company that specialises in
the production of Iodine and the manufacturing of specialty chemical products.
Iofina is the second largest producer of iodine in North America and operates
the manufacturing entities Iofina Resources and Iofina Chemical.

 

LEI: 213800QDMFYVRJYYTQ84

 

ISIN: GB00B2QL5C79

 

Iofina Resources

Iofina Resources develops, builds, owns, and operates iodine extraction plants
using Iofina's WET® IOsorb® technology. Iofina currently operates six
producing IOsorb® plants in Oklahoma and is consistently using technology and
innovation to improve and expand its operations.

 

Iofina Chemical

Iofina Chemical has manufactured high-quality halogen speciality chemicals
derived from raw iodine, as well as non-iodine-based products. Iofina
Chemical celebrated its 40(th) anniversary in 2023 as a preeminent
halogen-based specialty chemicals company.

 

www.iofina.com (http://www.iofina.com/)

 

 

 

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