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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

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.


TSXV:IFOS - Post by User

Post by CanadianCodyon Jan 07, 2022 2:43pm
361 Views
Post# 34294119

Waiting game

Waiting game
Not sure why there hasn’t been any updates from the company in a month and a half? The Golder engineering report was supposed to be out Q4 and there is still no news on that. It would be nice to know what the plan is for arraias. Sulfuric acid production should start there soon as well and it would be nice to know the progress on that project. farim has been on hold awaiting financing with no new updates in about a year.... we know they are making a ton of money right now just out of conda but it would be nice to get an update on their other files. Does anyone have any insight on this? Is there possibly talks of a buyout or merger so they are keeping quiet until that transaction is complete? It makes one wonder...

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