Itronics Makes Silver Refining Process Discovery Increasing per Melt Bullion Recovery by 40 Percent
March 17 2009 - 5:00AM
Marketwired
Itronics Inc. (OTCBB: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported
today that its wholly-owned subsidiary, Itronics Metallurgical,
Inc., has made a silver refining process discovery that increases
per melt bullion recovery by 40 percent and reduces the per ounce
silver refining cost proportionately. The Company is now
implementing the new process into its refining operation and
expects the transition to be completed this month.
"The new process immediately benefits Itronics by increasing
turnover in silver inventory and by reducing the per ounce refining
cost, which benefits the Company by reducing working capital needed
to sustain the silver refining operation. This new process is
expected to materially improve the profitability of the refining
operation going forward," said Dr. John Whitney, Itronics
President.
Silver refining test work that resulted in this new refining
process was begun in the second half of 2008. It is a significant
improvement in the refining chemistry and is achieved by reducing
the amount of silver in the glass/slag and iron matte produced by
the refining process.
Itronics Metallurgical also expects that the new refining
process will significantly enhance the profitability of the planned
Stage 1 silver refinery expansion which was discussed in a press
release dated February 24, 2009. The silver captured by Itronics is
recovered from spent photo liquids, a highly acclaimed
environmentally "Green" and environmentally beneficial process.
This refining technology discovery completes another step in
Itronics' implementation of its 5-year plan to use internally
developed environmentally green clean technology to produce solid
profitable growth. This focused approach to the development and use
of creative new clean technology has made the vertically integrated
"Beneficial Use Photochemical, Silver, and Water Recycling"
technology and the GOLD'n GRO brand of environmentally friendly
fertilizers a success. Itronics revolutionary technologies create a
"Green Consumer Option" for photo and X-ray processors that
continue to use silver halide photo technologies to make prints and
X-rays.
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
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