Itafos Partially Monetizes Equity Interest in St George Mining Limited

HOUSTON, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Itafos Inc. (TSX-V: IFOS) (OTCQX: ITFS) (“Itafos” or “the Company”) today announces that it has partially monetized its ownership interest in St George Mining Limited (“St George”) (ASX:SGQ) (the “Transaction”) that it acquired as consideration for the sale of its Araxá project, announced in February of this year. Between October 13-14, 2025, Itafos sold 277,893,103 ordinary shares of St George (“SGQ Shares”) and expects to receive total gross proceeds of approximately USD$18.3MM on October 16 or 17, 2025 based on current exchange rates and before certain fees and applicable taxes. On October 16, 2025, Itafos issued an exercise notice to exercise the 86,111,025 options at AUD$0.04 per share.