Iofina (AIM:IOF) has fully installed an additional brine water source at its IO#11 plant, a project first flagged on 5 June.
The iodine explorer and producer, which also manufactures specialty chemical products, expects the upgrade to lift crystalline iodine output at IO#11 by roughly 45 to 65 metric tonnes a year, a 50% increase from the plant's current annual production.
IO#11 now draws on two separate brine sources, adding capacity and giving the plant greater operational resilience.
Construction of IO#12 remains on schedule, with the plant due to become operational by the end of the third quarter.
Once running, IO#12 is expected to be Iofina's largest IOsorb plant, with annual crystalline iodine production of between 170 and 220 metric tonnes.
"These are all important steps in Iofina's exciting growth strategy and reinforce our clear pathway towards our firm ambition of producing 2,000 MT of crystalline iodine annually", said CEO and President Dr. Tom Becker.
Iofina currently operates eight producing IOsorb plants across Oklahoma.
News Intelligence what this means for the company
Iofina has completed the IO#11 water upgrade, unlocking a 50% production boost (45–65 MT/year) at that plant while IO#12 tracks toward Q3 startup with 170–220 MT/year capacity. The company is executing its stated pathway toward a 2,000 MT/year target: IO#11 now operates on dual brine sources for resilience, and IO#12 will become its largest plant once commissioned.
The upgrade delivers on a near-term, tangible capacity step and de-risks IO#11 operationally; combined with IO#12's imminent startup, Iofina is materially advancing its growth trajectory. The company's ability to fund this expansion—including a US$10m project loan facility in documentation—remains critical to reaching the 2,000 MT/year ambition.
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