Itafos Announces Publication of Inaugural ESG Report GlobeNewswireItafos Announces Publication of Inaugural ESG Report GlobeNewswire
Impact Investing Forum 2022
London. Dec 07-08, 2022.
HOUSTON, Nov. 22, 20,21 (GLOBE NEWSWIRE). Itafos Inc. (TSX: IFOS), (the “Company”) today announced the publication of its inaugural report on environmental, social, and governance (“ESG”) The Company’s first ESG report outlines the Company’s progress in ESG matters and the Company’s future goals.
“We are proud to publish our first ESG report. Itafos CEO G. David Delaney stated that this publication sets a baseline for corporate-wide ESG initiatives as well as a framework to measure and track our ESG performance moving forward. The Company’s first ESG Report can be found on the Investors page of the Company’s website, www.itafos.com. Itafos is a specialty fertilizer and phosphate company. 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 business 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 (220kt per year gross sulfuric acid production capacity) located in Tocantins, Brazil;Farim – a high-grade phosphate mine project located in Farim, Guinea-Bissau;Santana – a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil;Araxa – a vertically integrated rare earth elements and niobium mine and extraction plant project located in Minas Gerais, Brazil;Paris Hills – a phosphate mine project located in Idaho, US (wind down in process); andMantaro – a phosphate mine project located in Junin, Peru (wind down in process).
The Company is a Delaware corporation with its headquarters in Houston, Texas. The ticker symbol “IFOS” is used to trade shares on the TSX Venture Exchange (“TSXV”) CL Fertilizers Holding LLC (“CLF”) is the Company’s principal shareholder. CLF is an affiliate to Castlelake, L.P., which is a global private investment company. Visit www.itafos.com to find out more and to sign up for the Company’s mailing lists to receive future news releases. Forward-Looking Information This news release contains forward-looking information. Forward-looking information includes all information that is not historical fact. Forward-looking information can be identified by the use of words such as “intend”, “anticipate”, “plan”, “continue”, estimate”, “estimate”,” will”, “project”, should”, “would”, believe”, predict, “potential” or similar expressions. This forward-looking information is subject to known and unknown risks, uncertainties, and other factors that could cause actual results or events not to match those predicted. This information is not guaranteed to be accurate and should not be relied upon. Forward-looking information is subjected to a variety of risks and other factors that may cause actual results or events to differ materially from those anticipated. While the Company has made every effort to identify key factors that could cause actual results and events to differ materially from those in forward-looking statements but other factors may cause results to not be as expected, estimated, or intended. Factors that could cause actual results to differ materially to those described in forward-looking statement include, but not limited to, the risk factors discussed and analysed by the Company’s management and other disclosure documents found under the Company profile at www.sedar.com as well as on the Company’s website at www.itafos.com. The above list of risks, uncertainties, and assumptions is not complete. This news release contains forward-looking information that is subject to this cautionary statement. It is current as of the date of the news release. Except as required by applicable securities laws, the Company is not obliged to publicly revise or update any forward-looking information. Neither THE TSXV nor its REGULATION SERVICE PROVIDER (AS DEFINED IN THE POLICIES of THE TSXV) ACCEPTS RESPONSIBILITY TO THE ACCURACY OR ADEQUACY OF THIS NEWS RELEASE. For more information, please contact Itafos Investor Relations