AXcess News: Itronics Shows Early Results on Silver Refinery Expansion
October 22 2009 - 2:33PM
Marketwired
Green silver-maker, Itronics Inc. (PINKSHEETS: ITRO), shows early
benefit from its recently announced plans to expand its silver
refinery after releasing news of its latest addition to its family
of GOLD n'GRO liquid fertilizers which will use ingredients derived
as a result of the silver refining process.
Itronics announced that its newest fertilizer has been approved
for sale in the state of California, the Company's most established
market. According to that story, its newest fertilizer, GOLD'n GRO
9-0-0 Iron Man Z, contains chelated iron, zinc, Manganese and
sulfur, which make up some of the ingredients Itronics will recover
through its silver refinery expansion.
The fact that early-on Itronics has moved through the otherwise
lengthy approval process to market new liquid fertilizers that will
use ingredients produced as a byproduct of its expanded silver
refining process gives the Company a head start on the market.
The silver refinery expansion incorporates two new leaching
processes, Itromet FeLix and Itromet Sulix, which provide the
ability to separate nutrient metals and minerals (iron, zinc, and
sulfur) from silver- and gold-bearing solids, which as a byproduct
are to be used in manufacturing new lines of GOLD n'GRO
fertilizers. Iron Man Z is the first of several new products
Itronics will be introducing into the marketplace.
The volume of nutrient metals produced will have a noticeable
impact on reducing the costs of raw materials needed to manufacture
its line of GOLD n'GRO liquid fertilizers while increasing silver
production by over $3.6 million. The Company also said it would be
able to recycle steel wool recovery cartridges used in the photo
industry, dramatically increasing the source of silver-bearing
materials -- and the nutrient metals needed to manufacture
fertilizer.
The impact of Thursday's announcement by Itronics was not
overlooked by investors who pushed the Company's shares to new high
for the year.
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