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Itronics Inc. - A cleantech Specialty Fertilizer, Silver and Mineral Producer  


6490 S. McCarran Blvd
Bldg. C, Suite 23
Reno, NV 89510


Press Release Archives: 04/02/2015

Itronics Provides Operations Update, Outlook for 2015

2014 Full Year Financial Result

RENO, NV--(Marketwired - Apr 2, 2015) - Itronics Inc. (OTC PINK: ITRO) reported today its 2014 sales of $1.87 million decreased by 14 percent from 2013 sales of $2.19 million, primarily due to a reduction in silver sales while its refinery is being upgraded. GOLD'n GRO fertilizer sales stabilized in 2014 with a one percent increase compared to 2013. The Company believes sales could increase by more than 10 percent in 2015 based on stable GOLD'n GRO fertilizer sales in California and a second quarter restart of silver bullion sales as the Company's silver refinery technology upgrade nears completion.

2015 Operations Update and Outlook

Itronics process technologies use spent photo-liquids as raw materials and completely convert the waste to commercial goods. The Company is developing its technologies for recovery of zinc from zinc oxide bearing solid waste streams such as brass mill flue dusts, EAF dust produced by steel mini-mills, and various types of silver and zinc-bearing batteries. The zinc recovered from zinc oxide bearing materials and minerals will be used in the manufacture of GOLD'n GRO zinc micronutrient fertilizers and for production of high purity zinc products.

The Company has discovered that one of its fertilizers is able to leach silver from the silver bearing glass slag produced by its refining operations. The Company is conducting tests to determine if the fertilizer (KAM-Thio) is able to neutralize cyanide and whether it is able to leach silver and gold from silver-gold mine tailings. Theoretical calculations indicate that if the KAM-Thio works for cyanide neutralization and simultaneous residual silver and gold recovery, the residual liquids may be suitable for use as fertilizer for mine site remediation. The KAM-Thio formulation has been proven effective for fertilizer use through many years of field testing followed by more than 10 years of commercial use in agriculture.

GOLD'n GRO fertilizers: Our current 2015 outlook is that sales may increase by up to five percent compared to 2014 assuming weather and related agricultural cropping patterns in our California markets are similar to 2014. There could be a larger increase if certain new product sales efforts that are underway by our distributor continue to gain acceptance with our large customers.

Silver Production: Itronics' silver refinery technology upgrade is progressing well. Silver bullion sales are expected to resume in the second quarter of 2015. The new electric furnace control technology is operational and early results indicate that electrical power savings in excess of 35 percent may be achieved. Total investment in this project will be approximately $100,000.

The expected energy savings of more than 35 percent will directly reduce the cost of silver bullion production, a major benefit. Significant improvements in reliability, and maintenance cost savings are expected as a direct result of upgrading the electric furnace technology. One of our electric furnaces is now operational and is demonstrating these savings.

The new electrical control system for the electric furnaces is "proven state-of-the-art" technology and makes it possible to accurately control chemical reactions at specific temperatures in the furnaces. This is an important part of the new Itronics Silver Refining Process and makes it possible to use the electric furnaces as "High Temperature Chemical Reactors" up to maximum temperatures exceeding 2,100 degrees Fahrenheit, the temperature of molten lava. Additional improvements that may reduce operational maintenance expenses and improve furnace reliability have been identified and are being evaluated for installation in 2015.

The Company's FeLix, SuLix, and ZinLix leaching technology is ready for another scale up so that a larger quantity of materials can be processed prior to passing them to refining for silver separation and purification. Capital will be invested in 2015 in a new, larger prototype chemical reactor system for leaching and in improving electrical distribution and power stabilization for the R & D work area in the plant. Total capital required to complete this project is expected to be in the range of $50,000 to $75,000.

The leaching technology is "cost saving" by providing recovery of nutrient materials for sale in GOLD'n GRO fertilizer and by reducing the amount of material being sent to the refining furnaces for silver bullion recovery. Currently about 60 percent of the material previously sent to refining is being recovered for sale in GOLD'n GRO fertilizers. The leaching technology is reducing the cost of goods for GOLD'n GRO fertilizer production and it is reducing the refining cost for silver bullion production. As such, it is proving to be a profitable development for Itronics by increasing net cash flow from silver refining operations.

KAM-Thio Development: The KAM-Thio project is now a high priority development for the Company. Laboratory testing has demonstrated that the product has the ability to recover silver from silver-bearing glass produced by the refining operation. Testing in cooperation with an outside laboratory is underway to determine if the liquid is able to neutralize cyanide, and to simultaneously leach silver and gold from the tailings. If the KAM-Thio is able to neutralize cyanide and to leach silver and gold from the tailings, it will be a new, environmentally safe product that can be used for mine site remediation. It will also provide year round processed photo-liquid based sales for Itronics which will stabilize annual sales and expand and stabilize silver recovery from processing photo-liquids for use as manufacturing raw materials for KAM-Thio production.

Zinc Flue Dust Process Development: Work on the Zinc Flue Dust processing technology (ZinLix process) continued on a laboratory scale in 2014. During the year a decision was made to test whether metallic zinc could be recovered by electrowinning from the zinc enriched liquid produced by leaching the zinc oxide from the flue dust. A bench top experimental electrowinning cell was constructed in the fourth quarter and intermittent testing is now underway. The electrowinning cell is now able to produce zinc powder reliably. This is another significant breakthrough in our technology development.

The electrowinning cell design is the critical path item in expanding the zinc recovery technology to commercial scale. The Company's plan is to expand the electrowinning development by building a series of increasing larger "pilot scale" electrowinning cells until stable optimized operating results are achieved. After that a pilot plant flow sheet will be developed that can be progressively expanded to develop the operating information required to support design of a large commercial scale zinc refining plant. The ability to produce zinc metal by electrowinning will make it possible for the Company to begin non-seasonal production of zinc metal powder or zinc metal ingots, a major benefit for reducing the seasonality of Itronics' sales and for diversifying the business by expanding the use of its technologies.

The Company has already demonstrated that its ZinLix process is able to produce zinc enriched liquids that are suitable for use in manufacturing GOLD'n GRO zinc micronutrient fertilizers. The Company needs to be able to sell the zinc throughout the year before it can make supply agreements with zinc flue dust waste generating companies since the waste is produced throughout the year in volumes that are too large for storage for seasonal use.

Battery Recycling Evaluation: The Company has been presented an opportunity to evaluate the feasibility of using the electricity generating contents of silver batteries and "non-rechargeable" alkaline batteries as a source of raw material for use in manufacturing the GOLD'n GRO fertilizers and for silver production. These batteries contain potassium, zinc, and manganese which may be recoverable using the Itronics ZinLix leaching technology and are raw materials needed for manufacturing GOLD'n GRO fertilizers. If the ZinLix process works, it will provide a stable lower cost domestic source of critical raw materials needed for GOLD'n GRO manufacturing and would represent another technological breakthrough for the Company. A decision has been made to "fast track" an evaluation to determine whether the ZinLix technology will work. If it does, then a project will be initiated to develop the ability to use this battery waste as a raw material source in future years for GOLD'n GRO fertilizer manufacturing and for non-seasonal silver, zinc, and manganese product sales.

Photo-liquid Supply: Receipts of silver-bearing photographic liquids continue to be more than sufficient to meet the requirements for on-going and expanded GOLD'n GRO fertilizer sales and are expected to continue to be more than adequate. The switch to digital image capture and transfer in the photography segment has stabilized with continuing silver halide technology use for photo print production and for production of X-rays for industrial and medical archiving purposes. This on-going use of silver halide technology is expected to continue.

Energy Saving Technology: About half of the lighting retrofit project started in 2014 was completed. A rebate of about 40 percent of the investment cost was received from NV Energy. Electrical power cost savings are expected to repay the balance of the investment in less than six months. The rest of the lighting retrofit project is planned for completion in 2015. Estimated electrical power cost savings from this overall project are expected to exceed 40 percent on an on-going basis.

The refinery electrical system and furnace power control system upgrade is an energy saving project. Net electrical energy savings from this project are expected to be in the range of 35 to 60 percent. The Company anticipates that it will receive an energy savings rebate for the refinery electrical project from NV Energy once it is completed and the power savings are documented.

The Zinc Flue Dust Process is energy saving. The savings will be documented and reported once the technology is more advanced in its development, but are expected to be in the range of 20 to 40 percent compared to conventional technology.

Auric Fulstone Project: The Company is working with a finance group to acquire funding through joint venture to develop the Auric Fulstone IOCG project. The Company recently announced that it has discovered the presence of surface high grade silver bearing zinc oxide mineralization within the Auric Fulstone claim block.

Mining Technical Services: The Company has one on-going mining consulting project and is developing plans to expand service capabilities if Auric Fulstone project financing is obtained, and to support KAM-Thio mining application development.

2014 Sales Results

Unaudited Revenues for the fourth quarter, and full year ended December 31, 2014 together with comparative figures for 2013 are presented below:



Itronics Inc.

Dr. John Whitney, Itronics President, commented: "While 2014 continued to present many challenges, the Company was able to announce two breakthrough technology developments in the first quarter of 2014 and one new technology development in the 2015 first quarter that are the result of on-going application development work. The Company also announced the discovery of surface high grade silver bearing zinc oxide at the Auric Fulstone Project. During 2014 we made progress in developing our understanding of the geology for the Fulstone Project, including the discovery that surface silver bearing zinc mineralization is present, but field work was minimized due to the difficult funding market."

About Itronics

Headquartered in Reno, Nevada, Itronics is a cleantech specialty liquid fertilizer Company which produces silver bullion. It owns a large Iron Oxide Copper Gold (IOCG) mineral property (the Auric Fulstone Project) in the prolific Yerington Copper Mining District in northwestern Nevada. The Company's goal is to achieve profitable clean technology driven organic growth in specialty GOLD'n GRO fertilizers, silver, zinc, and minerals. The Company's technologies maximize the recovery and use of metals and minerals.

Through its subsidiary, Itronics Metallurgical, Inc., Itronics is the only Company with a fully permitted "Beneficial Use Photochemical, Silver, and Water Recycling" plant in the United States that converts spent photo-liquids into pure silver and GOLD'n GRO liquid fertilizers. The Company is also developing environmentally compatible mining technology Itronics has received numerous domestic and international awards that recognize its ability to successfully use science and engineering to 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.

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

 


  


Recent News (archives)

07/16/19 - Itronics Exercises Option to Purchase 48-Acre, 60,000 Square Area Foot Manufacturing Facility at Wabuska, Nevada for $1.6 Million

07/02/19 - Itronics 2019 First Six Month’s GOLD’n GRO Fertilizer Sales Exceed 2018 Full Year Sales

06/25/19 - Itronics Expands by 6 Times, the Golden Valley Prospect at Its Auric Fulstone Polymetallic Gold Project

06/04/19 - Itronics GOLD’n GRO Fertilizer Sales Up 42 Percent in January-May 2019 Compared to Same Period in 2018

05/07/19 - Itronics Expands Management Team to Accelerate Its “Zero Waste” Project Developments and the Auric Fulstone Project

04/23/19 - Itronics Reports 56 Percent Increase in 2019 First Quarter Revenues and Provides Updates on Current Operations and Growth Projects

04/12/19 - Itronics Reports 2018 Year End Results; Updates Operations Expansion and Diversification Progress

03/05/19 - Itronics Discovers Strong Evidence Of A Tertiary Polymetallic Low Sulfidation Gold System At Its Auric Fulstone Gold Silver Zinc Copper Project

02/05/19 - Itronics 2009 Limited Edition of Its Popular Collectible 5-Troy Ounce Silver Nevada Miner Bars Now Available

01/29/19 - “Recycling Today” Details Itronics’ Successes, Future Plans

01/17/19 - ITRO Recycling Tin- MoneyTV with Donald Baillargeon

01/15/19 - Itronics Starts R&D To Recover Tin, A U.S. Critical Mineral, And Copper From Silver Bullion Produced By Its "Breakthrough Technology" Printed Circuit Board Refining Pilot Plant

12/11/18 - Uptick Newswire's 'Stock Day' Podcast to Interview Itronics Inc.'s Dennis Bradley December 18th on Expansion into its 2nd plant with 60,000 square feet

12/04/18 - Itronics Completes Purchase of Centrifuge That Eliminates Production Bottleneck in Its Hydromet Processes

11/20/18 - Itronics Inc. (OTC:ITRO), a diversified producer of GOLD’n GRO zinc fertilizers and silver products and a green “Zero Waste” technology development Company, today announced sales results and summarized its operations and growth projects for the third quarter and first nine months ended September 30, 2018.

11/13/18 - Itronics Completes Successful Start Up Tests of Centrifuge to Eliminate Production Bottleneck in Its Hydromet Processes

10/23/18 - Itronics Discovers Surface 0.4 Ounce per ton Gold and Surface 5 Percent Copper at its Nevada Auric Fulstone Gold Silver Zinc Copper Project

10/19/18 - The Morgan Report to Interview Dr. John Whitney November 2nd on Itronics Inc. E-Waste Urban Mining Breakthrough Technology

10/02/18 - Itronics Expands GOLD’n GRO Sales Team to Improve Field Support for Its California Distributor

09/20/18 - Itronics President Dr. John Whitney Guest Speaker at Prestigious Resource Recovery Conference; Discusses Itronics’ Breakthrough “Zero Waste” Technologies

09/11/18 - Itronics’ Breakthrough Technology to Clean Cyanide out of Leached Mining Materials and to Extract Silver, Gold and Other Valuable Metals is Detailed

09/06/18 - Mineral extraction pioneer rethinks metallurgy

09/06/18 - Itronics Takes Delivery of Centrifuge to Eliminate Bottleneck in its Hydromet Processes

08/30/18 - Itronics Begins KAM-Thio Tests to Recover Silver and Gold From High Grade Mineralized Rock

08/21/18 - Itronics E-Scrap Circuit Board Supplier, New2U Computers, Receives “Responsible Recycling” R2:2013 Certification

08/08/18 - “Imagine a World Without Waste” Dr. John Whitney, CEO, Itronics Inc. Is Doing Just That

07/17/18 - Itronics to Begin Testing of Centrifuge Technology for Its Hydromet Processes

07/10/18 - Itronics Increases Silver Content of Its Bullion by 50 Percent

06/19/18 - Itronics New E-Scrap Grinder Increases Furnace “per Melt” Yield by More Than 50 Percent

06/12/18 - Itronics President, Dr. Whitney, Invited Guest at Comstock Mining Annual Meeting of Stockholders

06/05/18 - Itronics Reports 2018 First Quarter Total Revenues and Provides Updates on Current Operations and Growth Projects

05/10/18 - Itronics Shares KOLO-TV News Story- MoneyTV with Donald Baillargeon

05/03/18 - Itronics Announces: Positive Results From KAM-Thio Tests With Comstock Mining to Recover Silver, Gold While Neutralizing Cyanide

05/01/18 - Itronics Announces Exclusive Option to Purchase 48 Acre, 54,000 Square Foot Manufacturing Facility

04/17/18 - Itronics’ Breakthrough Technology to Extract Gold, Silver, Palladium, Copper and Tin From Computer Wastes Proving Out in Tests

04/03/18 - Itronics Increased E-Scrap Grinding Capacity Will Impact Revenue

03/27/18 - Itronics Takes Delivery of Commercial Scale Grinder to Increase E-Scrap Grinding Capacity

01/23/18 - Itronics Reports 78 Percent Sales Increase in Fourth Quarter and a 29 Percent Increase for 2017

01/11/18 - Itronics Selected as One of 10 Most Sustainable, Green/Earth Friendly Businesses in Northern Nevada

01/04/18 - Gold In E-waste Valued at $22 Billion Thrown Away In 2016, New Study Shows

12/14/17 - Itronics Reports Positive Results From KAM-Thio Tests to Recover Silver, Gold and Neutralize Cyanide From Leached Mine Tailings

11/30/17 - Itronics Purchases Commercial Scale Grinder to Increase E-Scrap Grinding Capacity

11/07/17 - Itronics Increases Per Melt Silver Bullion Production by 24 Percent Using E-Scrap as a Refining Melt Ingredient

10/26/17 - Itronics Reports 2017 Nine Month Sales Increase Of 19 Percent; Updates Operations Expansion And Diversification Progress

10/03/17 - Itronics President Dr. John Whitney to Attend Worcester Polytechnic Institute Center for Resource Recovery and Recycling Fall Meeting; Key Recycling Leaders Worldwide

09/14/17 - Itronics President Dr. John Whitney to Speak About Breakthrough E-Scrap Refining Technology at Prestigious Resource Recovery Conference

09/06/17 - Itronics Reports 2017 First Half Revenue Increase of 28 Percent; Operations, Expansion and Diversification Updated

08/30/17 - Itronics Updates Its Fulstone Gold, Zinc, Silver, Lead, Copper, And Molybdenum Exploration Project

08/15/17 - Itronics Ships Silver-Copper Bearing Glass Produced by Its Breakthrough Technology in E-Scrap Refining

08/08/17 - Itronics Begins Tests to Recover Silver and Gold From Leached Mine Tailings and From Virgin Ore Using Its KAM-Thio Technology

07/20/17 - Itronics Reports 2017 First Quarter Total Revenues and Updates Operations Expansion and Diversification Progress

07/11/17 - Itronics GOLD'n GRO Fertilizer Sales up 35 Percent in Second Quarter

06/22/17 - Itronics GOLD’n GRO Fertlizer Sales Up 23 percent in January-May 2017

06/20/17 - Dr. John Whitney, Itronics President, To Speak at Colorado School of Mines on Recycling Metals from Industrial Waste

06/06/17 - KOLO8 NEWS - Made in Nevada: Itronics

05/26/17 - Itronics Recycling Computer Boards- MoneyTV with Donald Baillargeon

05/23/17 - Itronics Expands Silver Bullion Production Using E-scrap

05/02/17 - Itronics Updates Breakthrough E-Scrap Recycling Progress

03/30/17 - Itronics Reports 2016 Sales and Updates Operations Expansion and Diversification Progress

03/16/17 - Itronics Announces Stable, Long Term Storage Breakthrough for GOLD'n GRO Micronutrient Fertilizers

03/14/17 - Itronics' Early 2017 GOLD'n GRO Fertilizer Orders up 54 Percent

03/12/17 - MoneyTV with Donald Baillargeon - John Whitney, Ph.D., CEO

01/17/17 - Itronics Ships Silver Bullion Produced by "Break-Through" Technology in E-Scrap Refining

12/13/16 - Itronics Reports 2016 Third Quarter Sales up 13 Percent

11/15/16 - Itronics Develops Breakthrough Technology That Separates Copper and Silver Recovered by New E-Waste Refining Process

11/07/16 - Reno-based Itronics scales up leach reactor plant

11/07/16 - Itronics completes installation of scale-up of its Pilot Leach plant

11/01/16 - Itronics Completes Installation of a Five Times Scale up of Its Pilot Leach Plant

10/24/16 - Itronics Third Quarter 2016 GOLD'n GRO Fertilizer Sales up 17 Percent

09/15/16 - Itronics July-August 2016 GOLD'n GRO Fertilizer Sales Up 62 Percent

09/13/16 - Itronics Reports 2016 First Half Total Revenues and Updates Operations Expansion and Diversification Progress

08/09/16 - Itronics Completing Five Times Scale Up of Its Pilot Plant, Producing Silver Concentrates for Refining and Raw Materials for GOLD'n GRO Fertilizer

08/02/16 - Itronics Now Producing Elemental Sulfur, a New Product

07/26/16 - Rising Metals Values Pull Minerals Producer Into E-Scrap Refining

07/21/16 - Silver lining > Dr. John Whitney is the inventor of a fertilizer made from recycled materials

07/15/16 - Itronics Starts Silver Refining Campaign to Measure Recovery of Gold and Palladium From E-Scrap

07/08/16 - Upticknewswire - Itronics Inc. John W. Whitney

07/08/16 - Investor Town Hall - Itronics, Inc - CEO Dr. John A. Whitney

07/07/16 - Itronics Publishes 2016 Corporate Profile

06/14/16 - Itronics Completes E-Waste Grinder Installation; E-Waste Can Be Profitable Venture

06/10/16 - Dr. John W. Whitney on MoneyTV with Donald Baillargeon

05/20/16 -  WallStreet Research Featured Company: Itronics Inc.

04/28/16 - Dr. John W. Whitney on MoneyTV with Donald Baillargeon

04/19/16 - Itronics Reports 2016 First Quarter Total Revenues and Updates Operations Expansion and Diversification Progress

04/07/16 - Itronics updates operation results, reports 2015 sales (Reno Gazette-Journal)

03/31/16 - Dr. John W. Whitney on MoneyTV with Donald Baillargeon

01/20/16 - Itronics Updates Operation Results and Reports Full Year 2015 Sales

01/07/16 - Itronics' 2015 Fourth Quarter GOLD'n GRO Fertilizer Sales Increased 26 Percent; Full Year Fertilizer Sales up

12/08/15 - Itronics Obtains Funding for Installation and Start up of a New Leach Reactor System

11/19/15 - Itronics Updates Operation Results; Reports Nine Month 2015 Sales

11/12/15 - Itronics Completes Installation and Start Up of New Glass Slag Crusher and Crushed Glass Screening Machine in Its Silver Refinery

10/29/15 - Itronics Reports First Nine Months 2015 GOLD'n GRO Fertilizer Sales Volume Increase; Revenues Down Slightly

10/27/15 - Itronics Wins Manufacturing Excellence Award

10/06/15 - Itronics Ships First Silver Produced by Its New Refining Technology



 

 


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