Mr. Matthew O'Neill reports

ITAFOS ANNOUNCES RESULTS OF 2025 ANNUAL GENERAL MEETING OF SHAREHOLDERS

All items of business were approved at Itafos Inc.'s annual general meeting of shareholders held today.

At the meeting, the following six incumbent directors were overwhelmingly re-elected: Anthony Cina, Ricardo De Armas, G. David Delaney, Ronald Wilkinson, Stephen Shapiro and Isaiah Toback.

The appointment of the company's auditor, PricewaterhouseCoopers LLP, was also ratified by shareholders.

About Itafos Inc.

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 located in Idaho, United States, with production capacity as follows:
  • Approximately 550,000 tonnes per year of monoammonium phosphate, MAP with micronutrients, superphosphoric acid, merchant-grade phosphoric acid and ammonium polyphosphate; and
  • Approximately 27,000 t per year of hydrofluorosilicic acid;
• Arraias -- a vertically integrated phosphate fertilizer business located in Tocantins, Brazil, with production capacity as follows:
  • Approximately 500,000 t per year of single superphosphate and SSP with micronutrients; and
  • Approximately 40,000 t per year of excess sulphuric acid (220,000 t per year gross sulphuric acid production capacity);
• Farim -- a high-grade phosphate mine project located in Farim, Guinea-Bissau; and
• Santana -- a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil.

The company is a Delaware corporation that is headquartered in Houston, Tex. The company's shares trade on the TSX Venture Exchange under the ticker symbol IFOS. The company's principal shareholder is CL Fertilizers Holding LLC. CLF is an affiliate of Castlelake LP, a global private investment firm.

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