OTC Markets Group Welcomes ITAFOS INC. to OTCQX

Core Insights - ITAFOS INC. has successfully upgraded to the OTCQX Best Market from the Pink market, allowing for more transparent trading for U.S. investors [1][3] - The company will begin trading under the symbol "ITFS" on the OTCQX market [2] - OTCQX Market requires companies to meet high financial standards and adhere to best practice corporate governance [3] Company Overview - ITAFOS INC. is a phosphate and specialty fertilizer company with operations in the U.S. and Brazil [4] - The company's production capacity includes approximately 550,000 tons per year of monoammonium phosphate (MAP) and related products in Idaho, U.S. [4] - In Brazil, ITAFOS operates a phosphate fertilizer business with a production capacity of approximately 500,000 tons per year of single superphosphate (SSP) [4] - ITAFOS also has projects in Guinea-Bissau and Pará, Brazil, focusing on high-grade phosphate mining and fertilizer production [4] Industry Context - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, providing a platform for companies like ITAFOS to access U.S. financial markets [5] - The OTCQX Best Market is designed for companies that meet stringent financial and governance standards, enhancing investor confidence [3][5]