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Itronics Announces Business Plan
Adjustments to Increase Revenues,
Broaden Environmental Products
Posts Resource Recovery Conference
PowerPoint Presentation at Website
RENO, NV--(Marketwire - Oct 9, 2012)
- Itronics Inc. (PINKSHEETS: ITRO)
today posted on its website,
www.itronics.com, the powerpoint
presentation given by Dr. John
Whitney, Itronics' founder and
Chairman, at the prestigious
resource recovery and waste
management conference sponsored by
the Envirobiz Group (www.envirobiz.com)
recently in San Diego. The
Conference attendees were top
operating managers of the largest
hazardous and non-hazardous waste
management companies operating in
the United States, Canada, and
Europe.
Dr. Whitney spoke to the group about
Value-Added Recycling being
performed by Itronics and its
technology for recycling spent
silver-bearing photochemicals that
has transformed Itronics into a
chelated specialty fertilizer and
silver producer. He also told the
group that Itronics currently has
access to more spent silver-bearing
photochemical supplies than it needs
to make the GOLD'n GRO fertilizers
and explained that gold/silver
mining opportunities could
significantly expand Itronics'
demand for silver-bearing liquid
photochemicals.
Dr. Whitney included a short summary
of non-photo chemical processes that
are being developed by Itronics in
his presentation. Among these are
the previously announced Itromet
FeLix and Itromet SuLix processes.
For the first time he discussed
potential "spin out" for Itromet
FeLix technology that may be
available to be developed on a
"joint venture" basis for
commercialization.
Dr. Whitney also told the group that
Itronics plans to establish a new
market for the processed
photochemicals by developing
gold/silver mine leaching chemicals
that would use desilvered
photochemistry as an ingredient. The
leaching chemicals would be in two
categories: (1) as additives to
significantly improve gold/silver
recovery for existing gold/silver
heap leaching operations; (2) to
replace cyanide as a gold/silver
leaching agent. Nevada is an ideal
location for this as one of the
largest gold mining regions in the
world.
Sales of chemical products into the
Nevada mining market would be less
seasonal than fertilizer sales and
would be a good complement to
fertilizer manufacturing. Additional
benefits of expanding photochemical
throughput would be expansion of
silver recovery, refining, and sales
and an increase in the market for
Value-Added recycling of spent
silver-bearing photochemicals.
"I feel confident that we have the
research capability and technical
knowledge to develop gold/silver
leaching applications," said Dr.
Whitney. "Our technical services
subsidiary Whitney & Whitney, Inc.
was one of the pioneers in
developing gold/silver heap leaching
in Nevada, so it makes a lot of
financial sense for Itronics and
sense for its investors to move
forward in this direction."
About Itronics
Headquartered in Reno, Nevada,
Itronics Inc. is a "Creative Clean
Technology" company. 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
used 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.
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 |
