Itafos Announces Retirement of Vice President of Engineering
ITAFOS ANNOUNCES RETIREMENT OF VICE PRESIDENT OF ENGINEERING
TORONTO, ON – May 8, 2019 - Itafos (TSX VENTURE: IFOS) (the “Company”) announced today the
retirement of Marten Walters, V ice President of Engineering, ef fective May 1, 2019. Mr. Walters has
served as Vice President of E ngineering since January 2017, sup porting the Company in various
areas, including development and engineering for new projects, the recommissioning of Itafos Arraias
and providing technical support for Itafos Conda and Itafos Farim. Dr. Wynand van Dyk, who recently
joined Itafos as Vice President of Operations, will assume Mr. Walters’ responsibilities.
“We are very thankful to Marten for his unique expertise and co mmitment during his tenure at Itafos
and for his contribution to the successful growth of the Company. We wish him well in his retirement,”
commented Brian Zatarain, Itafos’ Chief Executive Officer.
About Itafos
Itafos is a vertically integrated phosphate fertilizers and specialty products company with an attractive
portfolio of long-term strategic businesses and projects locate d in key fertilizer markets worldwide.
Itafos is managed by an experienc ed and diverse team with exten sive operations, commercial and
financial expertise. Itafos owns and operates Itafos Conda, a vertically integrated phosphate fertilizer
business with production and sale s capacity of approximately 55 0kt per year of monoammonium
phosphate (“MAP”), superphos phoric acid (“SPA”), merchant grade phosphoric acid (“MGA”) and
specialty products inc luding ammonium polyphosphate (“APP”) loc ated in Idaho, US, and Itafos
Arraias, a vertically integrat ed phosphate fertilizer business with production and sales capacity of
approximately 500kt per year of single superphosphate (“SSP”), SSP with micronutrients (“SSP+”)
and other products and approximately 40kt per year of excess sulfuric acid located in Tocantins, Brazil.
Itafos owns and is developing Itafos Paris Hills, a high-grade phosphate mine project located in Idaho,
US, Itafos Farim, a high-grade phosphate mine project located i n Farim, Guinea-Bissau, Itafos
Santana, a vertically integrated high-grade phosphate fertilizer project located in Pará, Brazil, Itafos
Araxá, a vertically integrated phosphate and rare earth oxide m ine project located in Minas Gerais,
Brazil and Itafos Mantaro, a large phosphate mine project located in Junin, Peru.
For more information, 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 informati on of historical fact is forwar d 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 expre ssions are intended to identify forward
looking information. This info rmation involves known and unknow n risks, uncertainties and other
factors that may cause actual res ults or events to differ mater ially from those anticipated in such
forward looking information. No assurance can be given that thi s 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 materi ally from that anticipated by such forward looking information.
Although the Company has attempt ed to identify important factor s that could cause actual results to
differ materially from those c ontained in forward-looking state ments, there may be other 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-lo oking statements include, but are not
limited to, those risk factors set out in the Company’s Management Discussion and Analysis and other
disclosure documents available under the Company’s profile at www.sedar.com. Readers are
cautioned that the foregoing list of risks, uncertainties and a ssumptions are not exhaustive. The
forward looking information in cluded in this news release is ex pressly 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 EXCHANG E) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information, please contact:
Itafos
Robert Winslow
www.itafos.com