UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant To Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 31, 2010
INTERNATIONAL ISOTOPES INC.
(Exact Name of Registrant as Specified in Its Charter)
TEXAS | 0-22923 | 74-2763837 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
4137 Commerce Circle Idaho Falls, Idaho |
| 83401 |
(Address of Principal Executive Offices) |
| (Zip Code) |
|
|
|
208-524-5300
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement.
On July 31, 2010, International Isotopes Inc. (the "Company") entered into a Work For Others Agreement (the "Agreement") with Battelle Energy Alliance, LLC ("BEA") under its Prime Contract No. DE-AC07-05ID14517 with the United States Department of Energy, pursuant to which BEA will provide certain irradiation services using the Advanced Test Reactor at the Idaho National Laboratory. BEA will perform the irradiation services under this Agreement on a full cost recovery basis. The cost to the Company is estimated to be $1,500,000 and BEA does not have any obligation to perform services in excess of such estimated cost and will not exceed such estimated cost without the consent of the Company. The term of the Agreement will continue for an estimated performance period of thirty (30) months from the date of the Agreement.
A copy of the Agreement is filed as Exhibit 99.1 to this report and is incorporated herein by reference. The description of the Agreement is qualified in its entirety by reference to such document.
(d) Exhibits
99.1
Work For Others Agreement dated July 31, 2010
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| International Isotopes Inc. |
Date: August 3, 2010 | By: | /s/ Steve T. Laflin |
|
|
| Steve T. Laflin President and Chief Executive Officer |
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EXHIBIT INDEX | ||
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Exhibit |
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|
Number |
| Description of Document |
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|
|
99.1 |
| Work For Others Agreement dated July 31, 2010 |