Itafos Shares Positive AGM Outcomes and Future Goals
Itafos Reports Successful Annual Shareholder Meeting
HOUSTON — Itafos Inc. (TSX-V: IFOS) is excited to announce that its recent annual general meeting of shareholders was met with overwhelming support. During this meeting, which took place in June 2025, shareholders approved all items on the agenda, showcasing strong backing for the company and its direction.
Leadership and Governance Changes
At the meeting, six incumbent directors were re-elected with a significant majority. The directors include:
Board Members Re-Elected
Anthony Cina, Ricardo De Armas, G. David Delaney, Ronald Wilkinson, Stephen Shapiro, and Isaiah Toback reaffirm their commitment to guiding the company through its strategic initiatives.
Auditor Appointment
attendees also ratified the appointment of PricewaterhouseCoopers LLP as the Company’s auditor, reinforcing the company’s commitment to transparent and effective financial practices.
About Itafos and Its Mission
Itafos is dedicated to producing high-quality phosphate and specialty fertilizers. The company’s operational capabilities are robust, and here’s a glimpse into their key projects:
Conda and Arraias Projects
The Conda project operates as a vertically integrated phosphate fertilizer facility in Idaho, producing approximately 550,000 tonnes per year of monoammonium phosphate (MAP), MAP with micronutrients, and various forms of phosphoric acid. The Arraias facility in Brazil enhances their portfolio, providing around 500,000 tonnes per year of single superphosphate. These advancements represent Itafos's focus on sustainable and innovative agricultural solutions.
Mining Ventures
Diving deeper into the mineral sector, Itafos is advancing on mining fronts with projects like Farim in Guinea-Bissau and the Santana facility in Pará, Brazil. The Farim project promises to be a high-grade phosphate mine, vital for the global agricultural market, while Santana fortifies Itafos's strategy by integrating mine operations with fertilizer production.
Corporate Structure and Shareholder Information
Headquartered in Houston, Itafos is a Delaware corporation actively trading on the TSX-V under the ticker symbol "IFOS". The Company is significantly backed by CL Fertilizers Holding LLC, an affiliate of Castlelake, L.P., a globally recognized private investment firm. This support highlights a strong belief in Itafos's future potential and the strategic direction it is pursuing.
Understanding Forward-Looking Statements
While the company is optimistic about its future prospects, it is important to understand that forward-looking statements involve risks and uncertainties. Factors influencing outcomes may include market changes, economic conditions, and operational effectiveness. Stakeholders are encouraged to consider these factors when evaluating Itafos's future performance.
Contact Information for Interested Parties
Investors or interested individuals seeking more information about the company or wishing to engage with the firm's initiatives can contact:
For Investor Queries:
Matthew O’Neill, Executive Vice President & Chief Financial Officer, can be reached at investor@itafos.com or by phone at 713-242-8446.
For Media Inquiries:
Fatema Bhabrawala, Director of Media Relations at Alliance Advisors IR, is available at fbhabrawala@allianceadvisors.com or via phone at 647-620-5002.
Frequently Asked Questions
What were the outcomes of Itafos's recent AGM?
The AGM resulted in the re-election of six directors and the appointment of PricewaterhouseCoopers LLP as the company’s auditor.
What does Itafos specialize in?
Itafos focuses on phosphate and specialty fertilizers, producing various products to enhance agricultural productivity.
Where are Itafos's facilities located?
The company has operations in the United States and Brazil, including projects in Idaho and Tocantins.
How is Itafos structured financially?
Itafos trades under the ticker symbol IFOS on the TSX-V and is significantly backed by CL Fertilizers Holding LLC.
What should I be aware of regarding forward-looking statements?
Forward-looking statements can be subject to risks and uncertainties. Stakeholders should consider market conditions and other relevant factors when assessing future performance.
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