Itafos Announces Appointment of Chief Strategy Officer
ITAFOS ANNOUNCES APPOINTMENT OF CHIEF STRATEGY OFFICER
TORONTO, ON – February 2, 2021 – Itafos (TSX-V: IFOS) (the “Company”) announced today the
appointment of David Brush as Chi ef Strategy Officer, effective January 1, 2021. Mr. Brush has been
serving as a consultant since December 1, 2020. In his role as Chief Strategy Officer, Mr. Brush will be
responsible for strategy devel opment and implementation, includ ing related capital structuring and
corporate development initiatives.
“We are pleased to bolster our management team by adding Dave’s experience and expertise in strategy,
finance and operations. Dave will be instrumental as we look to improve our capital structure and pursue
growth opportunities in the agricultural sector,” said G. David Delaney, CEO of Itafos.
Mr. Brush is a senior executive with over 30 years’ experience in all aspects of global business operations,
business development and strategic planning, financial management, personnel development, and general
management. During his career, Mr. Brush has been involved in t aking two companies public, led a
significant amount of M&A transactions and managed billion doll ar global business segments. Prior to
joining Itafos, Mr. Brush was founder and Managing Partner of I dris Capital where he advised clients on
M&A transactions and restructurings across a variety of sectors, including agriculture, fertilizer, packaging,
building products and consumer products. Prior to Idris Capital, Mr. Brush held a number of senior executive
positions, including, Chief Financial Officer at CPI Card Group Inc., Group Executive and President of the
power transmission business at R exnord Corporation and Vice Pre sident and General Manager of the
specialty packaging division of Pactiv Corporation. Earlier in his career at Pactiv Corporation, Mr. Brush
held numerous senior level financial roles and was instrumental in the company’s acquisition strategy. Mr.
Brush began his career as a cert ified public accountant with PricewaterhouseCoopers. Mr. Brush holds a
Bachelor of Arts in Accounting from the University of Northern Iowa.
About Itafos
The Company is a pure play phosphate and specialty fertilizer p latform with an attractive portfolio of
strategic businesses and projects located in key fertilizer markets, including North America, South America
and Africa.
The Company’s businesses and projects are as follows:
Conda – a vertically integrated phosphate fertilizer business with production capacity of
approximately 550kt per year of monoammonium phosphate (“MAP”), MAP with micronutrients
(“MAP+”), superphosphoric acid (“SPA”), merchant grade phosphoric acid (“MGA”) and ammonium
polyphosphate (“APP”) located in Idaho, US;
Arraias – a vertically integrated phosphate fertilizer busines s with production capacity of
approximately 500kt per year of single superphosphate (“SSP”), SSP with micronutrients (“SSP+”)
and approximately 40kt per year of excess sulfuric acid located in Tocantins, Brazil;
Farim – a high-grade phosphate mine project located in Farim, Guinea-Bissau;
Paris Hills – a high-grade phos phate mine project located in Idaho, US;
Santana – a vertically integrated high-grade phosphate mine an d fertilizer plant project located in
Pará, Brazil;
Mantaro – a phosphate mine proj ect located in Junin, Peru; and
Araxá – a vertically integrated rare earth elements and niobiu m mine and extraction plant project
located in Minas Gerais, Brazil.
The Company’s principal shareholder is CL Fertilizers Holding LLC (“CLF”). CLF is an affiliate of Castlelake,
L.P., a global private investment firm.
The Company’s shares trade on the TSX Venture Exchange (“TSX-V” ) under the trading symbol “IFOS”.
The Company’s registered office is at Ugland House, Grand Cayman, Cayman Islands KY1-1104.
For more information, or to join the Company’s mailing list to receive notification of future news releases,
please visit the Company’s website at www.itafos.com.
Forward Looking Information
Certain information contained in this news release constitutes forward looking information. All information
other than information of historical fact is 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 s imilar expressions are intended to identify forward looking information. This
information involves known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated i n such forward looking information. No
assurance can be given that this information will prove to be correct and such forward looking information
included in this news release should not be unduly relied upon.
Forward looking information is subject to a number of risks and other factors that could cause actual results
and events to vary materially from that anticipated by such for ward looking information. Although the
Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be oth er factors that cause results not to be as
anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected
results described in forward-looking statements include, but are not limited to, those risk factors set out in
the Company’s management’s discussion and analysis of operation s and financial condition and other
disclosure documents available under the Company’s profile at www.sedar.com and on the Company’s
website at www.itafos.com. Readers are cautioned that the foregoing list of risks, uncer tainties and
assumptions are not exhaustive. The forward-looking information included in this news release is expressly
qualified by this cautionary statement and is made as of the da te of this news release. The Company
undertakes no obligation to publicly update or revise any forward-looking information except as required by
applicable securities laws.
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 ADEQU ACY OR ACCURACY
OF THIS NEWS RELEASE.
For further information, please contact:
Itafos Investor Relations
www.itafos.com