Q1 2021 Key Highlights revenues of $90.1 million adjusted EBITDA of $20.7 million net income of $1.9 million free cash flow of $14.8 million Revised FY 2021 Guidance increased adjusted EBITDA guidance to $95-105 million maintained maintenance capex guidance at $20-25 million increased growth capex guidance to $12-17 million increased free cash flow guidance to $40-50 million CEO Commentary "We delivered excellent [...]
Itafos reported today its Q4 2020 and full year 2020 financial results and operational highlights. The Company's financial statements and management's discussion and analysis for the three months and year ended December 31, 2020 are available under the Company's profile at www.sedar.com and on the Company's website at www.Itafos.com. All dollar values are in thousands of US Dollars except as otherwise noted. "Despite many [...]
Itafos announced today the award of an aggregate 1,865,103 restricted share units to directors and management under the Company's RSU plan. The Company awarded 305,326 RSUs to directors and 1,559,777 RSUs to management. The RSUs awarded to directors vest 1/3 on the anniversary of the grant date over a period of three years. The RSUs awarded to management vest based on a combination of time and performance with 50% of the [...]
Itafos announced today the appointment of David Brush as Chief Strategy Officer, effective January 1, 2021. Mr. Brush has been serving as a consultant since December 1, 2020. In his role as Chief Strategy Officer, Mr. Brush will be responsible for strategy development and implementation, including related capital structuring and corporate development initiatives. "We are pleased to bolster our management team by adding [...]
Itafos announced today the achievement of a key milestone regarding Conda’s mine life extension following the publication of the Notice of Intent to prepare an Environmental Impact Statement for the Husky 1/North Dry Ridge mine development project. The Company previously defined H1/NDR as the path forward for Conda’s mine life extension following completion of the independent technical report encompassing Conda and Paris [...]
Itafos announced today that Dr. Mhamed Ibnabdeljalil has stepped down as member of the Company’s Board of Directors. Dr. Ibnabdeljalil served as a director of the Company since December 31, 2016 and as the Company’s CEO from May 16, 2019 to November 29, 2020. The Company thanks Dr. Ibnabdeljalil for his service and contributions and wishes him well in his future endeavours. About Itafos The Company is a pure play [...]
Itafos announced today that its Board of Directors has appointed G. David Delaney as Chief Executive Officer , effective immediately. Mr. Delaney has been serving as a member of the Company’s Board of Directors since February 6, 2017 and will continue in that role. Mr. Delaney succeeds Dr. Mhamed Ibnabdeljalil who served as CEO since May 16, 2019. Mr. Delaney is a senior executive with over 30 years’ experience in [...]
Itafos reported today its Q3 2020 financial results and operational highlights. The Company’s financial statements and management’s discussion and analysis for the three and nine months ended September 30, 2020 are available under the Company’s profile at www.sedar.com and on the Company’s website at www.Itafos.com. All dollar values are in thousands of US Dollars except as otherwise noted. “Q3 2020 was dominated by a [...]
Itafos announced today that it has commenced technical studies related to Itafos Conda organic growth projects, including anhydrous hydrogen fluoride and precipitated silica by-product recovery and on-site ammonia production, as part of the Company’s strategic focus on optimizing Itafos Conda’s EBITDA generation capability. The Company expects to provide a further update on the respective technical studies by Q1 2021. The [...]
Itafos reported today its Q2 2020 financial results and operational highlights. The Company’s financial statements and management’s discussion and analysis for the three and six months ended June 30, 2020 are available under the Company’s profile at www.sedar.com and on the Company’s website at www.Itafos.com. All dollar values are in thousands of US Dollars except as otherwise noted. “We delivered strong financial and [...]
Itafos provided today an update on Itafos Conda’s previously announced reduced scope plant turnaround and announced a disruption in sulfuric acid supply to Itafos Conda from Rio Tinto’s Kennecott mine. The Company previously announced its decision to conduct a reduced scope plant turnaround at Itafos Conda during July 2020 as part of its risk mitigation measures during the COVID-19 pandemic. The reduced scope plant [...]
Itafos announced today that its wholly owned subsidiary, Itafos Conda LLC , has closed a US$20,000,000 secured working capital facility with JPMorgan Chase Bank, N.A. , which refinanced the US$20,000,000 secured working capital facility with Gavilon Fertilizer, LLC . “The refinancing of our working capital facility lowers our cost of capital and provides a long-term solution to working capital management,” said George [...]
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