Iofina plc is a holding company engaged in the exploration for, and development of, natural gas and associated iodine in certain areas of the United States and the manufacturing of specialty chemicals in the United States with support provided by the United Kingdom office. The iodine, water and natural gas has been discovered on acreages, which the Company holds through its wholly owned subsidiary Iofina Natural Gas, Inc. The Company also co-produces water from this owned production acreage. Through its wholly owned subsidiary Iofina Chemical, Inc., the Company is vertically integrated into the iodine derivatives market and iodine recycling. Its Wellhead Extraction Technology (WET) method and WET Iosorb method enables the co-production of iodine from brine. In June 2012, the Company purchased an Oklahoma-based iodine extraction facility and associated assets from an undisclosed seller.