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Itafos Completes Updated Preliminary Economic Assessment for the Arraias Phosphate Project
HOUSTON, Texas, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Itafos Inc. (TSX-V: IFOS) (OTCQX: ITFS) (the &#...
About this update from Itafos Inc
[{"type":"text","content":"Itafos Completes Updated Preliminary Economic Assessment for the Arraias Phosphate Project\nHOUSTON, Texas, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Itafos Inc. (TSX-V: IFOS) (OTCQX: ITFS) (the “Company”) is pleased to announce the results of the updated Preliminary Economic Assessment (“PEA”) for its Arraias Phosphate Project (the \"Arraias Project\"), a phosphate mine project located in Tocantins, Brazil. Arraias Project 2026 PEA Highlights Targeting high grade phosphate rock layers in breccia and conglomerateFour individual deposits at the Arraias Project were evaluated for Mineral Resources: Domingos, Cana Brava, Coite, and Near Mine2 Mt Measured and Indicated Resource plus 3 Mt Inferred Mineral Resources including: Measured Mineral Resources include 1.1 Mt of breccia at an in-situ grade of 17.7% P2O5 and 0.5 Mt of conglomerate at an in-situ grade of 12.1% P2O5.Indicated Mineral Resources include 0.4 Mt of breccia at an in-situ grade of 16.4% P2O5 and 89,000 t of conglomerate at an in-situ grade of 11.6% P2O5.Inferred Mineral Resources for the four deposits include 2.4 Mt of breccia at an in-situ grade of 15.4% P2O5 and 0.6 Mt of conglomerate at an in-situ grade of 12.0% P2O5. Itafos has been successfully mining breccia and conglomerate at the Domingos deposit since 2023 and selling a direct application product (“DAPR”) as well as a partially acidulated product (“PAPR”). The PEA mine plan includes continued production of DAPR and PAPR, as well as processing the breccia to produce single superphosphate (“SSP”).An estimated $8.0 million USD in capital expenditures will be required for beneficiation plant upgrades enabling the production of SSP. The life-of-mine plan for the currently estimated resources is approximately 14 years with an estimated after-tax net present value (\"NPV\") 8% of $70.7 million USD, internal rate of return (IRR) of 85%, and payback period of around 2 years. CEO Commentary Chief Executive Officer David Delaney commented, “Itafos is pleased with the results of this PEA and believes it supports our fertilizer restart strategy at the Arraias Project. The results of this study point towards a project with robust economics and allow us to proceed to the next stages of project development. Further exploration work will be focused on increa...