ITRONICS REPORTS 59 PERCENT INCREASE IN 2019 FIRST NINE MONTH'S GOLD'n GRO FERTILIZER SALES; 129 PERCENT INCREASE IN SILVER S...
October 09 2019 - 7:45AM
InvestorsHub NewsWire
ITRONICS REPORTS 59 PERCENT INCREASE IN 2019 FIRST NINE
MONTH'S GOLD'n GRO FERTILIZER SALES; 129 PERCENT INCREASE IN SILVER
SALES
RENO, NV -- October 9, 2019 -- InvestorsHub NewsWire
-- Itronics Inc. (OTC:ITRO),
an Innovative Greentech Fertilizer, Silver, and Mineral Producer,
reported today that its first nine-month GOLD'n GRO fertilizer
sales were up 59 percent to $1,517,294 in the current year from
$954,059 in the same period in 2018. Silver bullion
nine-month sales were $43,480, up 129 percent from $18,986 in the
same period last year. These sales increases were supported
by a 42 percent increase in third quarter GOLD'n GRO fertilizer
sales and a 21 percent increase in third quarter silver bullion
sales.
Itronics is also reporting exciting progress on
GOLD'n GRO fertilizer sales and on several other developments that
are rapidly moving forward to expand the Company's
revenues.
"The GOLD'n GRO fertilizer sales growth achieved in the first nine
months is expanding in the fourth quarter," said Dr. John Whitney,
Itronics President. "Our GOLD'n GRO sales team is demonstrating
exciting new field applications for the fertilizer that are
expected to lead to significant expansion of fourth quarter
sales. We are successfully expanding and diversifying GOLD'n
GRO fertilizer sales in our existing markets and establishing sales
in the California coastal vegetable markets which will greatly
reduce the seasonality of the business in coming years."
Our research and development group is successfully increasing
silver content in the bullion being produced by the pilot scale
circuit board refining operation, while improving the operating
reliability of the refining furnaces. An operating routine
has been developed for the furnaces and bullion production is
becoming much more consistent. The Company expects that the
amount of bullion per shipment will increase over the next
shipments and that the value of the shipments will be increased by
the continuing increases in gold and silver prices.
The R&D group has also been
improving its breakthrough in leaching technology
that is producing high silver content material for the
refinery. Operating knowledge for using the new equipment
installed late last year is improving and the silver content of
concentrates being produced for the refinery is increasing.
The group is now integrating the iron and sulfur bearing liquids
being produced by the leaching technology into the GOLD'n GRO
fertilizer manufacturing operation thereby reducing the cost of raw
materials for the fertilizers and improving their
profitability.
Whitney & Whitney, Inc., the Company's technical services
subsidiary, has signed a new
research
contract with a publicly
traded silver mining company to evaluate the
potential for silver tailings reprocessing. The project is using
the Company's newly developed breakthrough
"Rock
Kleen" Technology to
accomplish the reprocessing. The Company expects that the silver
tailings reprocessing research could begin to generate meaningful
cost reimbursement revenues in 2020 as the scope of work
expands. Itronics has already
received research cost
reimbursement as a new
revenue source for the
Company that is expected to
increase as new process application research gets underway on new
projects and as existing projects expand.
Whitney & Whitney, Inc. has also been soliciting and
negotiating confidentiality agreements with potential mining
companies that might become joint venture partners for developing
the Auric Fulstone Project in Nevada. It has high
expectations that one or more mining companies will have an
interest in co-developing the Auric Fulstone project in 2020,
especially if gold and silver prices continue to
increase.
The Company's Reno-Stead manufacturing facility is fully
operational and acquisition of the Wabuska facility has been
completed. The Company's operating infrastructure is being
expanded to support increased sales growth in 2020 and future
years.
About Itronics
Headquartered in
Reno, Nevada, Itronics Inc.
is a "Creative Green Technology" Company which produces GOLD'n GRO
specialty liquid fertilizers, silver bullion, and silver-bearing
glass. The Company's goal is to achieve profitable green technology
driven organic growth in specialty GOLD'n GRO fertilizers, silver,
zinc, and minerals. The Company's technologies maximize the
recovery and uses of metals and minerals and by doing this maximize
sustainability.
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 100 percent of the spent photoliquids into GOLD'n GRO
liquid fertilizers, silver bullion, and silver bearing glass. This
is internationally recognized award winning "Zero Waste"
Technology. The Company is developing a portfolio of
environmentally beneficial "Zero waste" processing and mining
technologies. Itronics has received numerous domestic and
international awards that recognize its ability to successfully use
chemical science and engineering to create and implement new
environmentally green recycling and fertilizer
technologies.
The
Company's environmentally friendly award winning GOLD'n GRO liquid fertilizers,
which are extensively used in agriculture, can be used for lawns
and houseplants, and are available at the Company's
"e-store" on Amazon.Com. Due
to expanded retail customer interest, GOLD'n GRO fertilizer may now
be purchased in Reno, Nevada at the "Buy Nevada First Gift Shop" at 4001 S. Virginia
St.
Follow Itronics on
Facebook: https://www.facebook.com/itronicsinc
Follow Itronics on
Twitter: https://twitter.com/itronicsinc
* * * * * * * * * *
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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