Itafos Inc. (Itafos or the Company) announced the Record of Decision (ROD) for the Husky 1 /North Dry Ridge (first half /NDR) mine development project. The Company anticipates breaking ground this summer. The first half /NDR project will be internally funded and comprises primarily of infrastructure and mine development.

Mineral resources from first half /NDR are expected in 2026, providing an uninterrupted supply as the Rasmussen Valley Mine reaches the end of its useful life.