Itafos Announces Restricted Share Unit Grants

/EIN News/ -- HOUSTON, March 26, 2025 (GLOBE NEWSWIRE) -- Itafos Inc. (TSX-V: IFOS) (the “Company”) announced today that the Company has granted, in the aggregate, 773,037 restricted share units (“RSUs”) to directors and officers of the Company. The RSUs are scheduled to vest on a one-third per annum basis over a three-year period. Certain grants are also subject to the fulfilment of additional performance conditions. Each vested RSU entitles the holder to receive one share of the Company’s common stock or a cash payment equal to the equivalent of one share of the Company’s common stock on the date of vesting. All grants of RSUs are subject to the Company’s Restricted Share Unit Plan. The grants were made as part of the Company’s annual compensation process and are intended to appropriately reward past and ongoing contributions and to incentivize contributions to the Company’s’ success in the future.

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 the following production capacity:
  • approximately 550kt per year of MAP, MAP with micronutrients (“MAP+”), superphosphoric acid (“SPA”), merchant grade phosphoric acid (“MGA”) and ammonium polyphosphate (“APP”)
  • approximately 27kt per year of hydrofluorosilicic acid (“HFSA”)
• Arraias – a vertically integrated phosphate fertilizer business located in Tocantins, Brazil, with the following production capacity:
  • approximately 500kt per year of single superphosphate (“SSP”) and SSP with micronutrients (“SSP+”)
  • 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 and
• Santana – a vertically integrated high-grade phosphate mine and fertilizer plant project located in Pará, Brazil.

The Company is a Delaware corporation headquartered in Houston, Texas. The Company’s shares trade on the TSX-V under the ticker “IFOS”. The Company’s principal shareholder is CL Fertilizers Holding LLC (“CLF”). CLF is an affiliate of global private investment firm Castlelake, L.P.

For more information, or to join the Company’s mailing list, please visit www.itafos.com.

NEITHER THE TSX-V NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX-V) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Contacts:

For Investors:

Matthew O’Neill
Executive Vice President & Chief Financial Officer
investor@itafos.com
713-242-8446

For Media:

Alliance Advisors IR
Fatema Bhabrawala
Director, Media Relations
fbhabrawala@allianceadvisors.com
647-620-5002