Iofina plc is involved in the exploration and production of iodine, iodine specialty chemical derivatives, produced water and...
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
“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
Iodine prices held up reasonably well during the second quarter but have softened some in the third quarter
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...
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