Itafos Announces Publication of New ESG Report

HOUSTON, April 10, 2024 (GLOBE NEWSWIRE) -- Itafos Inc. (TSX-V: IFOS) (the “Company”) announced today the publication of its updated environmental, social and governance (“ESG”) report. The Company’s new ESG report sets forth the progress that the Company has made on ESG matters since the publication of its inaugural ESG report in 2021 and updates the Company’s directional ESG goals.

“We are proud to publish our ESG report which highlights some of our achievements over the last two years. As the times have changed, we have refreshed some our corporate-wide ESG initiatives based upon things we have learned and are happy to share the progress we have made,” said G. David Delaney, CEO of Itafos. “Our ESG initiatives have produced tangible results and we remain excited about what lies ahead as we continue to strengthen our ESG strategy now and into the future.”

The Company’s ESG report is available under the Investors page on the Company’s website at www.itafos.com.

About Itafos

The Company is a phosphate and specialty fertilizer company. The Company’s businesses and projects are as follows:

• Conda – a vertically integrated phosphate fertilizer business located in Idaho, US with production capacity as follows:
  • approximately 550kt per year of monoammonium phosphate (“MAP”), MAP with micronutrients (“MAP+”), superphosphoric acid (“SPA”), merchant grade phosphoric acid (“MGA”) and ammonium polyphosphate (“APP”); and
  • approximately 27kt per year of hydrofluorosilicic acid (“HFSA”);
• Arraias – a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with production capacity as follows:
  • approximately 500kt per year of single superphosphate (“SSP”) and SSP with micronutrients (“SSP+”); and
  • approximately 40kt per year of excess sulfuric acid (220kt per year gross sulfuric acid production capacity);
• Farim – a high-grade phosphate mine project located in Farim, Guinea-Bissau;
• Santana – a vertically integrated high-grade phosphate mine and fertilizer plant project located in Pará, Brazil; and
• Araxá – a vertically integrated rare earth elements and niobium mine and extraction plant project located in Minas Gerais, Brazil.