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HOUSTON, June 18, 2026 (GLOBE NEWSWIRE) — Itafos Inc. (TSX-V: IFOS) (OTCQX: ITFS) (“Itafos” or the “Company”) is pleased to announce that all items of business were approved at its annual general meeting of shareholders held today (the “Meeting”).
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At the Meeting, the following directors were elected to serve until the next annual meeting of shareholders of the Company or until their successors are elected or appointed: Tony Cina, Ricardo De Armas, G. David Delaney, Ronald Wilkinson, Stephen Shapiro and Joseph McConnell.
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The appointment of the Company’s auditor, PricewaterhouseCoopers LLP, was also ratified by shareholders.
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About Itafos
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The Company is a phosphate and specialty fertilizer company with businesses and projects spanning three continents:
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- Conda – a vertically integrated phosphate fertilizer business located in Idaho, US with production capacity as follows:
- approximately 550kt per year of MAP, MAP with micronutrients (“MAP+”), superphosphoric acid (“SPA”), and merchant grade phosphoric acid (“MGA”); and
- approximately 27kt per year of hydrofluorosilicic acid (“HFSA”);
- Arraias – a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with the following production targets (following the proposed restart of the beneficiation circuit):
- approximately 275kt per year of SSP, PAPR and DAPR;
- approximately 170kt per year of SSP, 60kt per year of PAPR and 45kt per year of DAPR;
- approximately 40kt per year of excess sulfuric acid (220kt per year gross sulfuric acid production capacity);
- approximately 275kt per year of SSP, PAPR and DAPR;
- Farim – a high-grade phosphate mine project located in Farim, Guinea-Bissau; and
- Santana – a vertically integrated high-grade phosphate mine and fertilizer plant project located in Pará, Brazil.
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The Company is a Delaware corporation with operations in the United States, Brazil and Guinea-Bissau. The Company’s shares trade on the TSX-V under the ticker “IFOS”. The Company’s shares also trade in the US on the OTCQX® Best Market (“OTCQX”) under the ticker symbol “ITFS”. The Company’s principal shareholder is CL Fertilizers Holding LLC, which is an affiliate of global private investment firm Castlelake, L.P.
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For more information, or to join the Company’s mailing list, please visit www.itafos.com.
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Forward-Looking Information
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Certain information contained in this news release constitutes forward-looking information. All information other than information of historical fact is forward-looking information. Statements that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future include, but are not limited to, statements regarding estimates and/or assumptions in respect of the Company’s financial and business outlook are forward-looking information. The use of any of the words “intend”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “would”, “believe”, “predict” and “potential” and similar expressions are intended to identify forward-looking information.
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