UNITED STATES
                         SECURITIES 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  July 14, 2004

                             Commission file number:
                                     0-22923


                           INTERNATIONAL ISOTOPES INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                Texas                              74-2763837
       ------------------------       ------------------------------------
       (State of incorporation)       (IRS Employer Identification Number)


           4137 Commerce Circle, Idaho Falls, Idaho          83401
           ----------------------------------------        ----------
           (Address of principal executive offices)        (Zip Code)


                                 (208) 524-5300
              ----------------------------------------------------
              (Registrant's telephone number, including area code)








Item 5.  Other events and Regulation FD Disclosure.

         On July 14, 2004 the registrant  issued a press release  reporting that
it had  received  approximately  $780,000  in  proceeds  from  the  exercise  of
warrants.


Item 7.  Financial Statements and Exhibits.

         (c)      Exhibits

                  99       Press Release dated July 14, 2004.






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                                   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.
                                   (Registrant)



                                   By:  /s/ Steve T. Laflin
                                        -------------------------------------
                                        Steve T. Laflin
                                        President and Chief Executive Officer
Date:  July 14, 2004









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