Itafos Upgrades to OTCQX® Best Market
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TSX-V: IFOS, OTCQX: ITFS
News Release
ITAFOS UPGRADES TO OTCQX® BEST MARKET
HOUSTON, TX – June 26, 2025 – Itafos Inc. (TSX-V: IFOS) (OTCQX: ITFS) (“Itafos” or “the Company”) today announces that the OTC
Markets Group Inc., operator of regulated markets for trading 12,000 US and international securities, has approved the Company’ s
application to trade on the OTCQX® Best Market, upgrading from the Pink® market. Itafos will begin trading today on the OTCQX under
the symbol “ITFS”.
Trading on the OTCQX Best Market offers Itaf os an efficient, cost-effective way to acce ss the US capital markets, provides tran sparent
trading for its US investors, and allows the Company to utilize the international market reporting standards it adheres to while trading on
the TSX-V exchange. To qualify for the OTCQX Best Market, com panies must meet high financial standards, follow best practice
corporate governance, and demonstrate compliance with applicable securities laws.
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 lo cated in Idaho, US with production capacity as follows:
- approximately 550kt per year of monoammonium p hosphate (“MAP”), MAP with micronutrients (“MAP+”),
superphosphoric acid (“SPA”), merchant grade phosphoric acid (“MGA”) and ammonium polyphosphate (“APP”); and
- approximately 27kt per year of hy drofluorosilicic acid (“HFSA”);
Arraias – a vertically integrated phosphat e fertilizer business located in Tocantins, Brazil with production capacity as follows:
- approximately 500kt per year of single superphosph ate (“SSP”) and SSP with micronutrients (“SSP+”); and
- 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 hi gh-grade phosphate mine and fertilizer plant project located in Pará, Brazil.
The Company is a Delaware corporation that is headquartered in Houston, TX. The Company’s shares trade on the TSX-V under the
ticker symbol “IFOS”. The Company’s principal shareholder is CL Fertilizers Holding LLC (“CLF”). CLF is an affiliate of Castlelake, L.P.,
a global private investment firm.
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. Al l information other than informat ion of
historical fact is forward-looking inform ation. The use of any of the words “inten d”, “anticipate”, “plan”, “continue”, “estimate”, “expect”,
“may”, “will”, “project”, “should”, “would”, “believe”, “predict”, “potential” and similar 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 in 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 fo rward-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 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-looking statements include, but are not limited to, those risk factors set out in the Company’s annual information form and other
disclosure documents available under th e Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website
at www.itafos.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 qual ified by this cautionary stat ement and is made as of the dat e 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 ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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Contacts:
For Investors:
Matthew O’Neill
Executive Vice President & Chief Financial Officer
713-242-8446
For Media:
Alliance Advisors IR
Fatema Bhabrawala
Director, Media Relations
647-620-5002