Company
Iofina PLC
LON:IOF
Iofina plc is a vertically integrated company that specializes in the exploration and production of iodine and the manufacturing of specialty chemical derivatives. Through its commitment to technology development and investing in its people, the company successfully services markets around the globe via its business lines, Iofina Resources and Iofina Chemical.
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Iofina looking to expand further after profits surge
Two new iodine production facilities are in the planning stage
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Iofina production to rise as new plant ramps up
"The first half has progressed well for the group and the board is looking forward to the second half of 2023."
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Iofina says production steady as new plant nears commissioning
IO#9 should be operating before the end of June
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Iofina news that the starting gun has been fired on its next growth phase should be "well received" says finnCap
The 'house' broker's analysts noted that the new plant will be located in Western Oklahoma, a region of growing brine supply that management intends to develop into a new core area
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Iofina pushes button on new plant in West Oklahoma
"The addition of IO#9 will deliver a major step change in our overall iodine production," said chief executive Tom Becker
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Iofina is a standout in volatile markets - analyst
“Strong iodine market fundamentals, a dollar-based business, a strong balance sheet and the potential for a re-rating make Iofina a standout in volatile markets.”
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Iofina reports jump in EBITDA, remains on track for second-half production targets
The company said demand remains strong and it expects to meet full-year estimates
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Iofina arranges finance for new extraction plant
"Being granted these new low-cost loans underlines the health of the business and the strength of our balance sheet," said chief executive Tom Becker
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Iofina appoints Chrystal Capital as it looks to drive shareholder value
The company will further explore business partnerships and combinations in the market and explore wider opportunities to drive shareholder value with the support of Chrystal Capital
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Iofina sees profits quadruple in 2021; expects high iodine prices to continue in 2022
"By executing our fundamental business plans coupled with a strong bounce back in demand for iodine and its end-use products in the wake of the COVID-19 pandemic, we were able to deliver enhanced revenues and profits"
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Iofina expects iodine prices to continue rising in 2022
"We are encouraged to see that our oil and gas partners are now reinvesting in their assets in order to increase production on the back of the higher oil and gas prices," said Iofina CEO, Tom Becker
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Iofina says outlook ‘encouraging’ as iodine fundamentals turn ‘favourable’
The iodine producer expects to secure a deal with a new brine partner soon to offset lower brine volumes at two of its plants
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Iofina hits second-half production target but Omicron delays new plant agreement
Directors expect strong current iodine pricing levels to be maintained into the first half of 2022
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Iofina production on track, sees iodine prices rising
Tom Becker, chief executive, said: "We are heading for another strong year"
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Iofina eyes production and demand growth after record first half
“With debt further reduced we are in an excellent position to invest in our operations and continue to implement our growth strategy," said CEO Tom Becker
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Iofina sees strong sales and higher iodine prices
“Demand is strong and prices are back at pre-pandemic levels,” Dr Tom Becker said
Iofina looking to branch out now debt is at more manageable levels
“The group's debt refinancing during the period was a key highlight and has greatly strengthened the balance sheet," said Tom Becker, the president and chief executive officer of Iofina.
Iofina enjoys margin boost from high iodine prices
Last year was a record for crystalline iodine production
Iofina logs record first-quarter sales, production is hit by abnormal weather
Chief executive, Dr Tom Becker, said: "This quarter, Iofina has seen excellent sales for our crystalline iodine and specialty chemical products, a testament to the company's resilience and ability to capitalise on the market recovery"
Iofina celebrates another year of record production
The group, which produces iodine from brine solutions produced in oil and gas fields, expects more drilling and workover activity in 2021 than was seen in 2020
Iofina says its on track to achieve production guidance
“We are on track for record iodine production in 2020, iodine prices are still strong, and our debt has been refinanced and significantly reduced," said chief executive Tom Becker
Iofina achieves record revenues and earnings despite challenging global trading environment
Iodine prices held up reasonably well during the second quarter but have softened some in the third quarter
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Iofina shares jump as it signs binding documentation to refinance its entire debt with First Financial Bank
Iofina president and CEO Dr Tom Becker commented: "The conclusion of the debt refinancing is a significant and positive step for Iofina and is the culmination of many months of hard work"
Iofina rises as it reports positive progress in debt refinancing discussions
The iodine maker said the necessary internal approvals have now been obtained by the lender and the transaction is in the final legal documentation phase
Iofina highlights solid first half performance despite pandemic disruption
The company also said iodine prices had remained “encouragingly” steady at US$35 per kilo or above in the second quarter of 2020 and into the third
Iofina signs senior debt repayment extension
Iofina is in talks with a new primary lender to refinance all its debt.
Iofina says iodine plant back on stream; agrees debt extension with senior lender
"We are grateful to Stena, our senior lender, for agreeing to the terms of the two-month extension to the repayment deadline,” said chief executive Tom Becker. “We are extremely pleased with the progress that we have made despite the delays
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Iofina in profit last year and expects progress on loan talks
The 2019 performance has left the group in a "stronger position than ever from which to resolve its current debt situation"
Iofina says subsidiaries receive loans totalling US$1.09mln from the US government
The loans come under the US Small Business Administration's Paycheck Protection Program (PPP) which is part of the Coronavirus Aid Relief and Economic Security Act (CARES)
Iofina seeking alternative sources for brine at IO#08 plant in western Oklahoma
Iofina's technology extracts iodine from brine water, a byproduct of onshore oil and gas production in the US, but turmoil in the energy industry is hitting the supply of brine water at IO#08
Iofina says latest plant now up and running
"The company has enjoyed another strong quarter and remains in a healthy working capital position."
Iofina clarifies media reports on potential Arron Banks offer
The company has confirmed that following a request for clarification, Arron Banks has informed the firm that he does not intent to make an offer for the company
Iofina blasts Arron Banks and questions wisdom of focusing on iodine as coronavirus disinfectant
Brexit campaign financier signalled his intention last week to seek a place on the Iofina board
Profiting from coronavirus: which companies are benefiting, how investors should act
“When there’s fear and increased uncertainty in the market, which is what shorter-term investors focus on, we find there’s a great opportunity,” one fund manager says
Iofina says no formal request for board change from Brexiteer Arron Banks
In a statement, Iofina said: “The company confirms that, at this time, it has not received a requisition for a GM”
Iofina boss says iodine markets remain strong, with no impact seen from coronavirus outbreak
The company’s directors “are confident that prices will continue to favour the Group as it progresses through 2020”
Iofina salutes "exceptional performance" in 2019
The group remains confident in the potential of IofinaEX, the new business entity that is exploring the isolation of speciality chemical products from hemp
Iofina says construction of IO#8 remains on schedule
"As we seek to continue to grow our production capacity next year, we are well-positioned to take advantage of the current, positive environment of the iodine market."
Iofina unveils investment in hemp production firm Organic Vines
The AIM-listed group has invested US$900,000 into Organic Vines to help fund the first grow cycle at its 240,000 square foot greenhouse facility in Denver, Colorado
Iofina remains on track for a record year
Its plants extracted 167.2 metric tonnes of the crystalline iodine in the third quarter
Iofina heartened by the strengthening iodine market
IO#8 is currently in its first phase of construction
Iofina starts work on next iodine extraction plant as it finds oil and gas partner
Iofina’s IOsorb technology extracts iodine from the waste brine produced by oil and gas wells.
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Iodine producer Iofina to branch into hemp-derived products following the formation of new unit
The subsidiary is to be called IofinaEX and will create products in Central America and the Caribbean for export
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City broker hikes forecasts for iodine producer Iofina after “strong” first half
The first-half update revealed a 10% jump in production at a time when iodine prices are on the rise, while the balance sheet has also been strengthened
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FTSE 100 closes lower Friday after lacklustre week
The FTSE 250 went the other way and gained over 87 points on Friday
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Maistro shares to become just a blurred memory
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Iofina to move into production of CBD oil after Kentucky approves hemp licence
"The directors are determined to explore the isolation of CBD oil and other valuable products from hemp, a market which is currently underdeveloped but rapidly growing,” said chief executive and president, Tom Becker.
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Iofina to raise up to £7.5mln to pay off debt and expedite construction of new production facility
The funds raised will also go towards completing upgrades at Iofina's other plants, while some have been earmarked for investment in new product development at Iofina Chemical.
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FTSE 100 closes in the red as trade tensions and Brexit confusion rumble on
The UK index of leading shares closed down nearly 38 points at 7,310
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Iofina mulls fundraising after recent share price surge
The directors of the company will consider the impact of any fundraising on shareholders when deciding whether or not to proceed.
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FTSE 100 closes higher and global stocks rally as trade fears seem to ease
On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing
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