Iofina plc (GB:IOF) has released an update.
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Iofina plc, a leader in iodine production and specialty chemical manufacturing, has announced an agreement for a new iodine extraction plant, IO#11, in Western Oklahoma, aimed to commence operations in 2025. Leveraging their proprietary IOsorb technology, the plant will enhance the company’s growth in iodine production. The plant’s development will be funded internally, with additional financial strategies in place to support the expansion.
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