Iofina plc is the holding company of a group of companies involved in the exploration and production of iodine and natural gas which has been discovered on acreages that the Group has acquired and is currently acquiring.Iofina is fully vertically integrated into specialty chemical manufacturing through its wholly owned subsidiary Iofina Chemical.
The Company uses its strong knowledge of chemistry, financial markets, economics and experience in oil and gas E&P, to help enable the co-production of other elements from brine streams associated with natural gas. Dual revenue streams on a single cost structure, enables Iofina to have a competitive advantage. The Company’s marquee field it discovered is the Atlantis Prospect, located in the state of Montana, USA. The natural gas co-exists with brine within the aquifer, which contains relatively high iodide dissolved concentrations.
Iodine is a rare mineral which the US currently imports to meet growing domestic demand from pharmaceutical and industrial manufacturers. The management team has extensive experience in the iodine and the iodine derivates markets. The leases held by the Group give it the right to explore, drill and produce both iodine and natural gas. The company uses its exclusive Wellhead Extraction Technology® to extract the iodine and iodides cost effectively at the wellhead. The Directors plan on applying the Company’s expertise to other prospects throughout the world.