Itafos Announces Commencement of Technical Studies Related to Itafos Conda Organic Growth Projects

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TORONTO, Sept. 10, 2020 (GLOBE NEWSWIRE) — Itafos (TSX-V: IFOS) (the “Company“) announced today that it has commenced technical studies related to Itafos Conda organic growth projects, including anhydrous hydrogen fluoride and precipitated silica (“AHF/PS“) 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 AHF/PS by-product recovery initiative aims at improving Itafos Conda’s EBITDA generation capability by extracting and commercializing high-value by-products AHF and PS without impacting Itafos Conda’s manufacturing process. The initiative contemplates the extraction of fluoride, in the form of silico-fluoride, from the tailings pond water at Itafos Conda via continuous ion exchange (“

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