24th Aug 2026 15:45
(Alliance News) - Iofina PLC shares rose on Monday afternoon after the company announced that a second brine water source has been fully installed at its plant in Central Oklahoma.
Iofina is a chemicals manufacturer specialised in iodine production, which operates primarily in the US. Its shares were up 2.0% at 51.00 pence each in London.
The company said it expects the newly installed water source to produce 45 to 65 metric tonnes of crystalline iodine per year, a 50% increase of its annual production.
Iofina also confirmed that construction of another plant is progressing as planned, and it should be operational by the end of the third quarter of 2026.
By Camilla Borri, Alliance News reporter
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