Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Basic Materials

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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Post by retiredcfon Mar 24, 2023 10:20am

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Post# 35358462

Key Extract from Earnings Release

Looking for a partner or to be taken over? GLTA

“As a result of the significant progress made over the last two years, the Company announced on March 13, 2023 that the Board has formed a committee of independent directors to explore and evaluate various strategic alternatives. The board believes that this is an appropriate time to consider the full range of potential alternatives to enhance value for all Itafos shareholders,” said G. David Delaney, CEO of Itafos.

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