Itronics Announces Business Plan Adjustments to Increase Revenues, Broaden Environmental Products
October 09 2012 - 9:00AM
Marketwired
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
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