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Itafos Announces Release Date for Q3 2025 Results and Business Update Webcast
Globenewswire· 2025-10-28 21:10
Core Points - Itafos Inc. will release its Q3 2025 financial results after market close on November 5, 2025 [1] - A recorded webcast reviewing the Q3 2025 financial results and providing business updates will be available on November 10, 2025 [1] Company Overview - Itafos is a phosphate and specialty fertilizer company headquartered in Houston, Texas, trading on TSX-V under the ticker "IFOS" and on OTCQX under "ITFS" [2] - The principal shareholder of Itafos is CL Fertilizers Holding LLC, an affiliate of Castlelake, L.P. [2] Business Operations - The company operates several projects including: - Conda in Idaho, US, with a production capacity of approximately 550kt per year of various phosphate products [6] - Arraias in Tocantins, Brazil, with a production capacity of approximately 500kt per year of single superphosphate [6] - Farim, a high-grade phosphate mine project in Guinea-Bissau [6] - Santana, a high-grade phosphate mine and fertilizer plant project in Pará, Brazil [6]
Itafos Partially Monetizes Equity Interest in St George Mining Limited
Globenewswire· 2025-10-16 15:49
Core Insights - Itafos Inc. has partially monetized its ownership interest in St George Mining Limited, expecting gross proceeds of approximately USD$18.3 million from the sale of 277,893,103 ordinary shares [1][2] - The total gross proceeds received from St George for the sale of the Araxá project now amount to approximately USD$28.3 million, including an initial payment of USD$10 million received in February 2025 [2] - The company aims to strengthen its balance sheet and deliver value to shareholders by monetizing non-core assets [2][3] Financial Details - The transaction involved the sale of 277,893,103 SGQ Shares, with expected proceeds of USD$18.3 million before fees and taxes [1] - The total gross proceeds from the sale of the Araxá project, including future payments, is projected to reach USD$39.3 million [2] - An additional USD$11 million is payable in two installments under the Sale Agreement with St George [2] Company Strategy - The CEO of Itafos emphasized the importance of focusing on core businesses and delivering long-term value to shareholders through the monetization of non-core assets [3] - The appreciation of the equity interest in St George since the sale closing date reflects the company's strategy to capitalize on asset value [3] Company Overview - Itafos is a phosphate and specialty fertilizer company headquartered in Houston, Texas, trading on TSX-V under the ticker "IFOS" and on OTCQX under "ITFS" [4] - The principal shareholder is CL Fertilizers Holding LLC, affiliated with Castlelake, L.P., a global private investment firm [4]
Itafos to Present at the Annual Smallcap Discoveries Conference in Vancouver
Globenewswire· 2025-09-12 21:10
Group 1 - Itafos Inc. will participate in the Annual Smallcap Discoveries Conference in Vancouver on September 29, 2025, where CEO David Delaney will present the Company's recent results and long-term strategies [1] - The conference will include company presentations, keynote sessions, and one-on-one meetings, aimed at connecting engaged investors with select Canadian growth companies [2] Group 2 - Itafos is a phosphate and specialty fertilizer company headquartered in Houston, Texas, trading on TSX-V under the ticker "IFOS" and on OTCQX under "ITFS" [3] - The principal shareholder of Itafos is CL Fertilizers Holding LLC, an affiliate of the global private investment firm Castlelake, L.P. [3] Group 3 - Itafos operates several projects, including: - Conda in Idaho, US, with a production capacity of approximately 550kt per year of monoammonium phosphate (MAP) and related products, and 27kt per year of hydrofluorosilicic acid (HFSA) [5] - Arraias in Tocantins, Brazil, with a production capacity of approximately 500kt per year of single superphosphate (SSP) and 40kt per year of excess sulfuric acid [5] - Farim, a high-grade phosphate mine project located in Farim, Guinea-Bissau [5] - Santana, a vertically integrated high-grade phosphate mine and fertilizer plant project located in Pará, Brazil [5]
Itafos Upgrades to OTCQX® Best Market
Globenewswire· 2025-06-26 11:00
Company Overview - Itafos Inc. is a phosphate and specialty fertilizer company headquartered in Houston, Texas, and trades on the TSX-V under the ticker symbol "IFOS" [3] - The principal shareholder of Itafos is CL Fertilizers Holding LLC, an affiliate of Castlelake, L.P., a global private investment firm [3] Recent Developments - Itafos has been approved to trade on the OTCQX® Best Market, upgrading from the Pink® market, and will begin trading under the symbol "ITFS" [1][2] - Trading on the OTCQX provides Itafos with an efficient and cost-effective way to access US capital markets, ensuring transparent trading for US investors [2] Production Capacity - The company operates several vertically integrated phosphate fertilizer businesses: - **Conda** in Idaho, US: Approximately 550,000 tons per year of monoammonium phosphate (MAP) and related products, and 27,000 tons per year of hydrofluorosilicic acid (HFSA) [7] - **Arraias** in Tocantins, Brazil: Approximately 500,000 tons per year of single superphosphate (SSP) and related products, and 40,000 tons per year of excess sulfuric acid [7] - **Farim**: A high-grade phosphate mine project located in Farim, Guinea-Bissau [7] - **Santana**: A vertically integrated high-grade phosphate mine and fertilizer plant project located in Pará, Brazil [7]
OTC Markets Group Welcomes ITAFOS INC. to OTCQX
Globenewswire· 2025-06-26 11:00
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]
Itafos Announces Results Of 2025 Annual General Meeting Of Shareholders
Globenewswire· 2025-06-18 20:30
Company Overview - Itafos Inc. is a phosphate and specialty fertilizer company headquartered in Houston, Texas, and trades on the TSX-V under the ticker symbol "IFOS" [3] - The principal shareholder of the company is CL Fertilizers Holding LLC, an affiliate of Castlelake, L.P., a global private investment firm [3] Annual General Meeting Highlights - All items of business were approved at the annual general meeting of shareholders held on June 18, 2025 [1] - Six incumbent directors were overwhelmingly re-elected: Anthony Cina, Ricardo De Armas, G. David Delaney, Ronald Wilkinson, Stephen Shapiro, and Isaiah Toback [1] Auditor Appointment - The appointment of PricewaterhouseCoopers LLP as the Company's auditor was ratified by shareholders [2] Production Capacity - The company operates several vertically integrated phosphate fertilizer businesses with significant production capacities: - Conda, Idaho, US: approximately 550kt per year of various phosphate products and 27kt per year of hydrofluorosilicic acid [7] - Arraias, Tocantins, Brazil: approximately 500kt per year of single superphosphate and 40kt per year of excess sulfuric acid [7] - Farim, Guinea-Bissau: a high-grade phosphate mine project [7] - Santana, Pará, Brazil: a vertically integrated high-grade phosphate mine and fertilizer plant project [7]
MustGrow and Phospholutions Sign Canadian Distribution Agreement for Phosphorous Efficiency Product - RhizoSorb(R)
Newsfile· 2025-06-10 11:00
Core Viewpoint - MustGrow Biologics Corp. has signed a distribution agreement with Phospholutions Inc. to sell the RhizoSorb® phosphorous efficiency product in Canada, aiming to enhance nutrient use efficiency and support sustainable agriculture [2][5][6]. Group 1: Product Overview - RhizoSorb® is designed to replace conventional fertilizers like monoammonium phosphate (MAP) and diammonium phosphate (DAP) by improving nutrient use efficiency [4][9]. - The product allows farmers to apply up to 50% less phosphorus while maintaining or improving crop yields, potentially saving up to US$20 per acre [5][8]. - RhizoSorb® features a 38% lower salt index, promoting healthier soils and long-term productivity [8]. Group 2: Environmental Impact - The use of RhizoSorb® can reduce CO₂e emissions by 45.2%, phosphorus runoff by 78%, and leaching by 84% compared to conventional MAP fertilizer [6][8]. - The product's efficiency in nutrient release contributes to sustainable farming practices, which are critical for meeting global food demands [7][8]. Group 3: Market Context - Canada has approximately 94.5 million acres of crop production that depend on phosphate, making it a significant market for RhizoSorb® [6]. - The partnership between MustGrow and Phospholutions aligns with their shared mission to improve the global food system through sustainable production solutions [6][9].