Itafos Announces Launch of New Premium Products at Itafos Arraias
ITAFOS ANNOUNCES LAUNCH OF NEW PREMIUM PRODUCTS AT ITAFOS ARRAIAS
TORONTO, ON – September 24, 2019 – Itafos (TSX VENTURE: IFOS) (the “ Company”)
announced today that it has launched its new line of premium pr oducts following the recent
completion of initial production and sales of premium PK compou nd products as well as higher
grade SSP.
The new premium products are in connection with the repurpose p lan, which is aimed at
optimizing Itafos Arraias’ finished fertilizer production with a multi-product portfolio of higher grade
SSP (21% phosphate), micronutrient enhanced SSP (19% and 21% phosphate) and premium PK
compound products. The repurpose pl an is expected to significan tly enhance Itafos Arraias’
competitive positioning and profitability while reducing its op erational and environmental risk
profile. To enable the repurpose plan, the Company has been procuring, and expects to continue
to procure, higher grade phosphate rock from third parties.
“Producing premium PK compound products and higher grade SSP and micronutrient enhanced
SSP demonstrates our ability to repurpose Itafos Arraias to focus on higher netback products and
improve our margin profile,” said Dr. Mhamed Ibnabdeljalil, interim CEO of Itafos.
About Itafos
The Company is a vertically integrated phosphate fertilizers and specialty products company with
an attractive portfolio of long-term strategic businesses and p rojects located in key fertilizer
markets worldwide.
The Company owns, operates and is developing the following businesses and projects:
Itafos Conda – a vertically integrated phosphate mine and fert ilizer business with
production and sales capacity of approximately 550kt per year o f monoammonium
phosphate (“MAP”), MAP with micronutrients (“MAP+”), superphosp horic acid (“SPA”),
merchant grade phosphoric acid (“MGA”) and specialty products i ncluding ammonium
polyphosphate (“APP”) located in Idaho, US;
Itafos Arraias – a phosphate fertilizer business with producti on and sales capacity of
approximately 500kt per year of single superphosphate (“SSP”), SSP with micronutrients
(“SSP+”), premium PK compounds and approximately 40kt per year of excess sulfuric
acid located in Tocantins, Brazil;
Itafos Paris Hills – a high-grade phosphate mine project locat ed in Idaho, US;
Itafos Farim – a high-grade phosphate mine project located in Farim, Guinea-Bissau;
Itafos Santana – a vertically integrated high-grade phosphate mine and fertilizer plant
project located in Pará, Brazil;
Itafos Mantaro – a large phosphate mine project located in Jun in, Peru; and
Itafos Araxá – a vertically integrated rare earth elements and niobium mine and extraction
plant project located in Minas Gerais, Brazil.
For more information, or to join the Company’s mailing list to receive notification of future press
releases, please visit the Company’s website, 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”, “estim ate”, “expect”, “may”, “will”, “project”,
“should”, “would”, “believe”, “predict” and “potential” and sim ilar expressions are intended to
identify forward looking information. This information involves known and unknown risks,
uncertainties and other factors that may cause actual results o r events to differ materially from
those anticipated in such forward looking information. No assur ance can be given that this
information will prove to be correct and such forward looking i nformation 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 anticipa ted by such forward looking
information. Although the Company has attempted to identify imp ortant factors that could cause
actual results to differ materially from those contained in for ward-looking statements, there may
be other factors that cause results not to be as anticipated, e stimated or intended. Factors that
may cause actual results to differ materially from expected res ults described in forward-looking
statements include, but are not limited to, those risk factors set out in the Company’s Management
Discussion and Analysis and other disclosure documents availabl e under the Company’s profile
at www.sedar.com. Readers are cautioned that the foregoing list of risks, uncertainties 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 date of this news release.
Itafos undertakes no obligation to publicly update or revise any forward-looking information except
as required by applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PR OVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXC HANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information, please contact:
Itafos Investor Relations
www.itafos.com