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Press Release
Archives: 01/27/2010
Itronics
Updates Stage 1 Silver Refinery Expansion Progress
Itronics Green Recycling Technology to Expand
Growth Opportunities
RENO,
NV, Jan 27, 2010 (MARKETWIRE via COMTEX) -- Itronics Inc. (PINKSHEETS:
ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported today that its subsidiary,
Itronics Metallurgical, Inc., today provided a progress report on
the Stage I silver refinery expansion announced in October 2009.
Itronics
Metallurgical has completed the preliminary engineering, including
specification of needed tanks and pumps. A tank list has been prepared
and tank selection is underway. Evaluation of operating changes
that will be needed to accommodate the new processing circuit is
also underway. The current goal is to be able to start testing the
new circuit in the second quarter.
"We are excited by the progress being
made to advance this expansion project," said Itronics President
Dr. John Whitney. "Once operational, this revolutionary technology
will strengthen the company and open new pathways to growth."
In 2008, Itronics announced plans for expansion
of its silver refining capacity in two stages from 24,000 ounces
per year to 2.4 million ounces per year. The Stage I expansion will
increase nominal silver refining capacity to 240,000 ounces per
year by increasing the per melt capacity of the refining operation
by 10 times with no increase in per melt cost. This produces a 90
percent decrease of the per melt cost of each ounce of silver produced.
The increase in per melt capacity will be
more than sufficient to accommodate intermediate term growth, and
will also provide the capacity for acquisition of new silver-bearing
sources to further expand growth. The Stage 1 refinery expansion
will produce two new fertilizer raw materials as byproducts which
are expected to improve GOLD'n GRO fertilizer quality and profitability
by replacing fertilizer ingredients which are presently purchased
from outside suppliers.
Itronics, through its subsidiary Itronics
Metallurgical, is the inventor and operator of award-winning recycling
technology that converts spent photographic liquids into pure silver
and GOLD'n GRO fertilizers. Commercialization of this technology
has created a "Green Consumer Option" for photo and X-ray
processors and "Green fertilizers" for horticulture and
agriculture. The fertilizers incorporate the "essence"
of green because of how they are sourced and because of their excellent
performance in the field.
About Itronics
Headquartered in Reno, Nevada, Itronics Inc.
is a "Creative Clean Technology" Company that produces
GOLD'n GRO liquid fertilizers and pure silver bullion. Itronics,
through its subsidiary, Itronics Metallurgical, Inc., is the only
company with a fully permitted "Beneficial Use photochemical,
Silver, and Water Recycling" plant in the United States that
converts spent photoliquids into pure silver and GOLD'n GRO liquid
fertilizers. The Company is developing environmentally compatible
mining technology, provides project planning and technical services
to the gold mining industry, and operates the popular InsideMetals.com
web site, http://www.insidemetals.com, which provides a value-added
WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior
Gold Stocks, and Junior Mineral Stocks.
Itronics has received numerous domestic and
international awards that recognize its ability to successfully
create and implement new environmentally clean recycling and fertilizer
technologies.
The Company's environmentally friendly GOLD'n
GRO liquid fertilizers, which are extensively used in agriculture,
can be used for lawns and houseplants, and are available, along
with liquid fertilizer injectors, at the Company's "e-store"
catalog at http://goldngro.com. The popular Silver Nevada Miner
bars are available at the Company's "e-store" catalog
at http://www.itromet.com.
VISIT OUR WEB SITE: http://www.itronics.com
("Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995: This press release
contains or may contain forward-looking statements such as statements
regarding the Company's growth and profitability, growth strategy,
liquidity and access to public markets, operating expense reduction,
and trends in the industry in which the Company operates. The forward-looking
statements contained in this press release are also subject to other
risks and uncertainties, including those more fully described in
the Company's filings with the Securities and Exchange Commission.
The Company assumes no obligation to update these forward-looking
statements to reflect actual results, changes in risks, uncertainties
or assumptions underlying or affecting such statements, or for prospective
events that may have a retroactive effect.)
Contact:
Paul Knopick
888-795-6336
SOURCE: Itronics Inc.
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