IDAHO FALLS, Idaho, July 21 /PRNewswire-FirstCall/ -- International Isotopes Inc. (OTC Bulletin Board: INIS) is pleased to announce the results of its annual shareholder meeting and provide an update on the progress the Company is making in advancing its plans for the construction of a depleted uranium de-conversion and fluorine extraction facility using its patented Fluorine Extraction Process (FEP).
The Company's annual meeting was conducted on July 14, 2009 in Idaho Falls, ID. Voting results of the meeting confirmed re-election of the current Board of Directors (Steve Laflin, Ralph Richart, and Chris Grosso) and approved the Company's selection of Hansen, Barnett, and Maxwell, P.C. as the Company's independent accountants for the year ended December 31, 2009.
The Company also provided an update on its plans to design and build the nation's first commercial facility for the de-conversion of depleted uranium hexafluoride (UF6) and fluorine extraction.
On March 30, 2009, the Company announced the selection of a 640-acre site just west of Hobbs, New Mexico, for the planned facility. Since that time, the Company has been working with the Economic Development Corporation of Lea County, the State of New Mexico, and Lea County to complete the steps necessary for environmental characterization and transfer of this piece of property to INIS for commercial use. The Company currently expects this process to be completed later this fall and intends to begin initial pre-construction civil engineering activities on the property at that time.
The Company is also pleased to announce a major milestone in the project was accomplished in mid-June with the completion of the Conceptual Design Report (CDR) for the project. This project report details the plant flow processes, components, costs, and environment safety and health aspects of the project. The C
|SOURCE International Isotopes Inc.|
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