Month: September 2026

NEWPORT NEWS, Va., Sept. 29, 2026 (GLOBE NEWSWIRE) — HII (NYSE: HII) announced today that its Newport News Shipbuilding division has been awarded a $5,099,973,132 contract for the refueling and complex overhaul (RCOH) of nuclear-powered aircraft carrier USS Harry S. Truman (CVN 75). The contract includes options which, if exercised, would bring the cumulative value of this contract to $5,183,380,744.

“Our team has been diligently working to get ahead on this critical engineering and construction project that will prepare USS Harry S. Truman for the second half of her service life,” said Bryan Caccavale, NNS vice president of program management. “When the ship arrives at NNS, we’ll apply that same diligence to working with our suppliers and Navy partners to ensure a successful recapitalization of CVN 75.”

The RCOH represents nearly a third of all maintenance and modernization in an aircraft carrier’s service life. Truman’s RCOH will include refueling the ship’s reactors, as well as extensive modernization work in thousands of compartments and tanks, as well as on most ship systems. In addition, major upgrades will be made in the propulsion plant and combat systems.

Built at NNS, CVN 75 was christened in 1996 and delivered to the Navy in 1998. USS Harry S. Truman will be the eighth Nimitz-class carrier to undergo RCOH at NNS.

A photo accompanying this release is available at: http://hii.com/news/hii-is-awarded-contract-to-execute-uss-harry-s-truman-cvn-75-refueling-and-complex-overhaul/.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong. For more information, visit:

• HII on the web: https://www.HII.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on X: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII
• HII on LinkedIn: https://www.linkedin.com/company/wearehii

Contact:

Todd Corillo
Todd.T.Corillo@HII-co.com
(757) 688-3220

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/85187469-8a89-49dc-82b5-5d0da2ba8a29

HOUSTON, Sept. 29, 2026 (GLOBE NEWSWIRE) — Itafos Inc. (TSX-V: IFOS) (OTCQX: ITFS) (“Itafos” or the “Company”) announced today that it has entered into an amendment of its existing credit facilities with a syndicate of lenders led by RBC Capital Markets as Lead Left Arranger and Administrative Agent, with Texas Capital and PNC Capital Markets LLC as Joint Lead Arrangers (“JLA”), pursuant to which the Company will refinance its existing $100 million term loan (with $82.5 million outstanding) and its $30 million letter of credit facility (together, the “Existing Term Loan Agreement”). The amendment provides for a new commitment of $140 million and a $30 million letter of credit facility and will extend the maturity date under the Existing Term Loan Agreement (as so amended, the “Amended Term Loan Agreement”). The Company also announced that it has entered into an amendment to its revolving asset-based credit facility with a syndicate of lenders led by RBC Capital Markets as Lead Left Arranger and Administrative Agent, with Texas Capital and PNC Capital Markets LLC as Joint Lead Arrangers (“JLA”) to extend the maturity date of such facility (the “Amended ABL Agreement”). All figures are in US Dollars except as otherwise noted.

David Delaney, Chief Executive Officer of Itafos, commented: “The amendment and extension of our credit facilities provides enhanced financial flexibility and liquidity for the Company as we continue to navigate the current market conditions and execute our strategic initiatives. We greatly appreciate the continued support of our banking syndicate in providing additional liquidity to the Company and partnering with the Company in delivering on the business plan. Over the last five years, the Company has demonstrated its superior operating performance including deleveraging its balance sheet and enhancing its available liquidity to improve its ability and flexibility to execute on its strategic initiatives and deliver value to its shareholders.”

The key terms of the Amended Term Loan Agreement are set out below:

• Extension of maturity date to September 29, 2029.
• Term loan upsized from the existing $100 million (currently $82.5 million outstanding) to $140 million.
• Dedicated letter of credit facility of $30 million.
• Reduction in loan margin of 75 basis points.
• Annual principal amortization is reduced to 5% (Year 1) and 10% Years 2 and 3.

The key terms of the Amended ABL Agreement are set out below:

• Extension of maturity date to September 29, 2029.

The proceeds of the Amended Term Loan Agreement and Amended ABL Agreement are expected to be used to refinance the Company’s indebtedness under the Existing Term Loan Agreement, repayment of all outstanding ABL Borrowings, and for general corporate purposes.

Upon closing the refinancing, the Amended Term Loan will have an outstanding balance of $140 million, the ABL Facility will be undrawn, and the LC Facility will have an outstanding balance of $12.5 million.

About Itafos

The Company is a phosphate and specialty fertilizer company with businesses and projects spanning three continents:

• Conda – a vertically integrated phosphate fertilizer business located in Idaho, US with production capacity as follows:
  – approximately 550kt per year of MAP, MAP with micronutrients (“MAP+”), superphosphoric acid (“SPA”), and merchant grade phosphoric acid (“MGA”); and
  – approximately 27kt per year of hydrofluorosilicic acid (“HFSA”);
• Arraias – a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with the following production targets (following the proposed restart of the beneficiation circuit):
  – approximately 275kt per year of SSP, PAPR and DAPR;                 
  – approximately 170kt per year of SSP, 60kt per year of PAPR and 45kt per year of DAPR;
  – approximately 40kt per year of excess sulfuric acid (220kt per year gross sulfuric acid production capacity);
• Farim – a high-grade phosphate mine project located in Farim, Guinea-Bissau; and
• Santana – a vertically integrated high-grade phosphate mine and fertilizer plant project located in Pará, Brazil.

The Company is a Delaware corporation with operations in the United States, Brazil and Guinea-Bissau. The Company’s shares trade on the TSX-V under the ticker “IFOS”. The Company’s shares also trade in the US on the OTCQX® Best Market (“OTCQX”) under the ticker symbol “ITFS”. The Company’s principal shareholder is CL Fertilizers Holding LLC (“CLF”) which is an affiliate of global private investment firm Castlelake, L.P.

For more information, or to join the Company’s mailing list, please visit www.itafos.com.

Forward-Looking Information

Certain information contained in this news release constitutes forward-looking information (“FLI”), including statements with respect to the refinancing and any information related to: statements with respect to the use of proceeds from the Amended Term Loan Agreement and the Amended ABL Agreement and the potential impact of the agreements on the Company’s financial performance. All information other than information of historical fact may constitute forward-looking information. The use of any of the words “intend”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “would”, “believe”, “predict” and “potential” and similar expressions are intended to identify forward-looking information.

The FLI contained in this news release is based on the opinions, assumptions and estimates of management set out herein, which management believes are reasonable as at the date the statements are made. Those opinions, assumptions and estimates are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the FLI. These include the Company’s expectations and assumptions with respect to the following: commodity prices; operating results; safety risks; changes to the Company’s mineral reserves and resources; risk that timing of expected permitting will not be met; changes to mine development and completion; foreign operations risks; changes to regulation; environmental risks; the impact of adverse weather and climate change; general economic changes, including inflation and foreign exchange rates; the actions of the Company’s competitors and counterparties; financing, liquidity, credit and capital risks; the loss of key personnel; impairment risks; cybersecurity risks; risks relating to transportation and infrastructure; changes to equipment and suppliers; adverse litigation; changes to permitting and licensing; geo-political risks; loss of land title and access rights; changes to insurance and uninsured risks; the potential for malicious acts; market volatility; changes to technology; changes to tax laws; the risk of operating in foreign jurisdictions; and the risks posed by a controlling shareholder and other conflicts of interest. Readers are cautioned that the foregoing list of risks, uncertainties and assumptions is not exhaustive.

Although the Company has attempted to identify crucial factors that could cause actual actions, events or results to differ materially from those described in the FLI, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that FLI will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The reader is cautioned not to place undue reliance on FLI. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates, assumptions or opinions should change, except as required by applicable securities law. Additional risks and uncertainties affecting the FLI contained in this news release are described in greater detail in the Company’s current Annual Information Form and current Management’s Discussion and Analysis available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.itafos.com. The FLI included in this news release is expressly qualified by this cautionary statement and is made as of the date of this news release.

NEITHER THE TSX-V NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX-V) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Contacts:

For Investor Relations:

Matthew O’Neill
Executive Vice President & Chief Financial Officer
investor@itafos.com 
713-242-8446

For Media:

Alliance Advisors IR
Jose Paredes
PR & Media Coordinator
jparedes@allianceadvisors.com 
504-8755-8860

CALGARY, Alberta, Sept. 29, 2026 (GLOBE NEWSWIRE) — Vitalist Inc. (TSX-V: VITA.V; OTCQB: VTLSF) (“Vitalist“, “we“, “our” or the “Company“), a wearable operating-system focused technology company, is pleased to announce the results of the Annual and Special Meeting of Shareholders held September 29, 2026 (the “Meeting”). Each of the matters voted upon at the Meeting was approved and is discussed in detail in the Company’s Management Information Circular dated August 28, 2026 (the “Circular”), which can be found on the Company’s website at www.vitalist.co/investors or under the Company’s profile on SEDAR+ at www.sedarplus.ca.

In addition, the Company is pleased to announce it has engaged the services of Red Cloud Securities Inc. (“Red Cloud“) under which Red Cloud will provide market-making services in accordance with Policy 3.4 – Investor Relations, Promotional and Market-Making Activities of the TSX Venture Exchange (the “Exchange“).

Voting Results from the 2026 Annual and Special Meeting

The total number of common shares represented by shareholders in person or by proxy at the Meeting was 48,715,219, representing approximately 72.97% of the Company’s total issued and outstanding common shares (including votes cast in respect of proxies received following the proxy cutoff time, which the Company determined to waive to permit additional votes cast by shareholders to be included in the voting results).

The detailed voting results for each matter brought before the Meeting are set out below:

1.   Number of Directors

An ordinary resolution to set the number of Directors of the Company at six (6) was approved:

• Votes FOR: 48,715,219 (100.00%)
• Votes AGAINST: – (0.00%)

2.   Election of Directors

The voting results in relation to the election of directors were as follows:

Director	Number of Votes Cast
	Votes For	% For		Votes Withheld	% Withheld
Kalvie Legat	48,677,276	99.92	%	37,943	0.08	%
Jared Wolk	48,715,122	99.99	%	97	0.01	%
Joanna Hruska	48,715,218	99.99	%	1	0.01	%
Hugh Tyler Rice	48,715,218	99.99	%	1	0.01	%
Antonio “Tony” Natale	48,715,218	99.99	%	1	0.01	%
John Harding	48,715,218	99.99	%	1	0.01	%

3.   Appointment of Auditor

An ordinary resolution to re-appoint Davidson & Company LLP as auditor of the Company for the ensuing year and authorizing the directors to fix their remuneration was approved:

• Votes FOR: 48,715,219 (100.00%)
• Votes WITHHELD: – (0.00%)

4.   Approval of Amended and Restated Omnibus Equity Incentive Plan

An ordinary resolution approving the Company’s Amended and Restated Omnibus Equity Incentive Plan, as described in the Circular, was passed as follows:

• Votes FOR: 48,676,940 (99.92%)
• Votes AGAINST: 38,279 (0.08%)

The Company has filed a report of voting results on all resolutions voted on at the Meeting under its profile on SEDAR+ at www.sedarplus.ca.

Engagement of Red Cloud Securities Inc.

Red Cloud will provide market-making services to maintain an orderly trading market and improve liquidity for the common shares of the Company traded on the Exchange.

Under the terms of the market-making agreement, the Company will pay Red Cloud a cash fee of CAD $5,000 per month (plus applicable taxes). The agreement has an initial term of three (3) months, and will automatically renew on a month-to-month basis thereafter unless terminated by either party upon 30 days’ prior written notice. The agreement was signed on March 27, 2024 and commenced on April 1, 2024.

Red Cloud will execute its market-making operations using its own proprietary capital and trading resources. No stock options or equity securities are being granted to Red Cloud as compensation for its market-making services, and the agreement contains no performance-based compensation targets.

Red Cloud acts at arm’s length to the Company. To the knowledge of the Company, neither Red Cloud nor any of its directors, officers, or affiliates holds any direct or indirect interest in the Company or its securities as of the date hereof.

The agreement remains subject to the approval of the Exchange.

About Red Cloud Securities Inc.

Red Cloud Securities Inc. is a Toronto-based financial services firm founded by capital markets veterans. Red Cloud operates a comprehensive corporate access platform providing investment banking, research, institutional sales and trading, corporate access, and market liquidity services. Red Cloud is registered as an investment dealer in all provinces and territories of Canada and is a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF).

About Vitalist Inc.

Vitalist Inc. is an innovative technology provider that helps brands build better products. Through VitalOS™, brands create seamlessly connected devices and applications that adapt to each user. By uniting hardware and software with intelligent analytics, we’re building an ecosystem of personalized solutions that enhance human potential.

▷ For more information visit: www.vitalist.co | Investor Materials | LinkedIn

▷ Join the Vitalist distribution list: www.vitalist.co/investors

Investor Relations Contact

For further information about Vitalist Inc. please contact:

Kalvie Legat, CEO
Vitalist Inc.
+1 (403) 560-9635
ir@vitalist.ca

Walter Frank
IMS Investor Relations
+1 (203) 972-9200
vitalist@imsinvestorrelations.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of applicable U.S. securities laws. In general, forward-looking information refers to disclosure about future conditions, courses of action, and events. The use of any of the words “anticipates”, “believes”, “expects”, “intends”, “plans”, “will”, “would”, “potential”, and similar expressions are intended to identify forward-looking information. Specifically, this press release includes forward-looking information regarding the voting results of the Meeting and the engagement of Red Cloud for market-making activities.

Although Vitalist believes that the expectations and assumptions on which such forward-looking information is based are reasonable (including that the Meeting will be held at the scheduled time and place, and that shareholders will consider and vote on the proposals as outlined), undue reliance should not be placed on the forward-looking information because Vitalist cannot give any assurance that they will prove to be accurate. By its nature, forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed in this press release. A detailed description of risk factors that may cause actual results to differ materially ‎from forward-looking information can be found in Vitalist’s most recent management’s discussion and analysis on the SEDAR website at www.sedarplus.ca.

Although Vitalist has attempted to identify in its public disclosure important factors that could cause actual results to ‎differ materially from those contained in forward-looking information, there may be other factors that cause results ‎not to be as anticipated, estimated or intended. Readers are cautioned that the risk factors in its public disclosure may not ‎be exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can ‎be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking ‎information contained in this press release is expressly qualified by this cautionary statement. The forward-looking information contained in this press release represents the expectations of Vitalist as of the date of this press ‎release and, accordingly, is subject to change after such date. However, Vitalist expressly disclaims any intention ‎or obligation to update or revise any forward-looking information, whether as a result of new information, future ‎events or otherwise, except as expressly required by applicable securities law.