Gold Report: investment coverage of gold and other precious metals (free newsletter emailed semi-weekly)

>About The Gold Report

>About Streetwise

>Legal

>Site Index

International Isotopes Inc.

TICKER:  INIS:OTC:BB
DESCRIPTION:  International Isotopes, Inc. manufactures a range of nuclear medicine calibration and reference standards and various cobalt 60 products for medical devices, calibration, clinical research, life sciences, and industrial applications. International Isotopes’ Fluorine Products Division (FPD) acquired seven patents for the Fluorine Extraction Process (FEP) in January 2004 and plans to utilize this technology to produce several high purity fluorine gas products, including germanium tetrafluoride which we are currently producing in our FEP plant. The FEP process uses depleted uranium tetrafluoride, DUF4, as its feedstock.
WEBSITE:  http://www.intisoid.com/

The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates.

"The good news is that International Isotopes Inc. (OTCBB:INIS), a U.S. company, has developed a fluorine extraction process. This is a potential means of harvesting the fluorine atoms in depleted uranium and producing fluorine gases and other valuable fluorine products out of depleted uranium. That has the effect of actually eliminating depleted uranium, and so it solves its major environmental issue in the nuclear fuel cycle. It also extracts potentially billions of dollars of value from these trapped fluorine atoms.

TGR: Is the investor knowledge base about depleted uranium sufficient to bring International Isotopes back up when the market comes around? Or is it more likely to lag a market rebound?

JP: International Isotopes isn’t a liquid stock...But given the importance of its technology to the nuclear fuel cycle, given the caliber of the technology and given the company’s success at commercializing the technology, my view is that it has the potential to be quite a significant winner.

TGR: It sounds like an amazing technology process. Will it gain traction with Obama focusing on more nuclear facilities?

JP: Any plans to have nuclear be the means through which to meet carbon requirements without really damaging the U.S. economy will have to deal with the environmental side effects of the nuclear fuel cycle. Eliminating depleted uranium would be an obvious and clear step toward improving the political acceptability of nuclear power."
- The Gold Report Interview with James Passin (01/13/09)

"...Idaho’s mining sector includes silver, phosphate rock and gold...The mining industry generates 4,100 jobs in the state.

The following companies are headquartered in Idaho. They all have a market cap of over $200 million...

International Isotopes Inc. [INIS.OB] makes nuclear medicine calibration and reference standards..." (8/25/08)
- Seeking Alpha

"Fortunately, the nuclear industry has people with a better response time than USEC has shown in recent years. One is International Isotopes which had been a modest producer of medical isotopes in Idaho. It purchased some core technology for safely and profitably disposing of UF6 from a former USEC partner that had fallen on hard times. The technology has been further developed, and now International Isotopes will be building a pilot plant for UF6 reprocessing, and soon after a full scale plant.

Steve Laflin, chief executive of International Isotopes, says new entrants to the US enrichment market created the opportunity for his company. Its process converts uranium fluoride into depleted uranium oxide and a range of pure fluorine compounds are used in the semiconductor industry. There is an international market of more than $630m (Ł316m, €398m) annually for these speciality gases, and the demand is growing rapidly.

Mr Laflin says: "People tend to look at uranium and nuclear waste and think it is part of the fuel cycle, but we are helping to deal with the issue of waste disposal. We have the most environmentally friendly method for disposing of UF6." Most UF6 in the US is being stored in slowly rusting metal containers in the open air, not a preferred solution for what becomes a corrosive gas if exposed to the atmosphere.

International Isotopes will be raising something like $50m to build the new facilities; it is not determined whether that will come from a private placement or public issuance. But given the patent lock it has, and the prospective 50 per cent gross margins, that shouldn't be impossible. The timing of plant construction is more dependent on the length of the public review process, but since the company is reducing the amount of waste, and has a licence to handle nuclear materials, its prospects are good." (7/20/08)
- FT.com

"International Isotopes Inc. will be constructing a facility to process depleted uranium hexafluoride tails from uranium enrichment operations. Company officials said they're taking this step based on the recent announcements of several large companies’ plans to build nuclear fuel enrichment plants in the United States, including Areva, according to KIFI TV." (6/5/08)
- Idaho Business News

"A tiny eastern Idaho company said Wednesday it plans to build a plant to make useful industrial gases out of waste from commercial uranium enrichment facilities like the one France's Areva NC Inc. plans to build near Idaho Falls.

The plant proposed by International Isotopes Inc. of Idaho Falls won't necessarily be in Idaho. To equip it, the company plans to buy used equipment from a defunct Oklahoma site that's been shuttered since the early 1990s.

International Isotopes said its proposed plant, to employ 50, would turn depleted uranium hexafluoride, or UF6, into more-easily disposable solid waste. In addition, it would extract high-value germanium fluoride gas needed to etch silicon for microelectronics.

The U.S. Department of Energy is building two plants, at Paducah, Ky., and Portsmouth, Ohio, to handle roughly 450,000 tons of existing waste from uranium enrichment facilities at those locations." (6/4/08)
- Seattle Times

PRINT THIS PAGE EMAIL THIS PAGE