Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Chemicals

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.

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Itafos Inc

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Comment by kisstopherpon Feb 14, 2018 9:39am

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Post# 27556704

RE:Itafos loans $4,500,000 to GB Minerals

Bucala wrote: Strange that this news doesn’t appear under Itafos news. Loan to mature on July 31, 2018.

Like Stonegate, GB Minerals is/was a money pit unable to secure and raise sufficient capital on it's own. Hence, why they took over and merge with each of the respective entities. The sum is greater then it's parts.

This is Itafos lending money to itself to tie GB Minerals over until they legally merger with Itafos shortly.

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