Radioisotope manufacturer International Isotopes has acquired 640 acres of property from the state of New Mexico to build a uranium deconversion facility on the site.
The company plans to use the property as a buffer zone for future expansion and possibly for customer facilities utilizing the fluoride products produced from deconversion and fluorine extraction.
In a written statement, International Isotopes President and CEO Steve Laflin said the transaction is a "significant step forward in our plans to construct the nation's first 'green technology,' commercial depleted uranium deconversion facility in Lea County."
The facility is expected to employ about 125 to 150 full-time employees.
