ITRONICS FORECASTS A 400 PERCENT INCREASE IN FIRST QUARTER SILVER SALES; SIGNIFICANT INCREASE EXPECTED IN 2020
January 29 2020 - 6:30AM
InvestorsHub NewsWire
ITRONICS FORECASTS A 400 PERCENT INCREASE IN FIRST QUARTER
SILVER SALES; SIGNIFICANT INCREASE EXPECTED IN 2020
First Quarter Silver Sales Top Entire 2019 Sales
Total
RENO, NV -- January 29, 2020 --
InvestorsHub NewsWire -- Itronics Inc. (OTC:ITRO),
an emerging "Clean Tech Materials" growth Company that produces
GOLD'n GRO Multi-Nutrient Fertilizers and Silver, reported
today that its forecasted first quarter 2020 silver sales are
expected to be up more than 400 percent in the first quarter
compared to first quarter 2019 and double the entire 2019 silver
sales.
First quarter silver sales are forecasted to approach
$90,000, a more than 400 percent increase over the first quarter
2019. Silver sales in 2019 totaled $43,700.
The increase in the first quarter is due to settlement of a
November 2019 silver bullion shipment and a December 2019
silver-bearing glass shipment. Preliminary settlement results
have been received and are the basis for this revised
forecast.
"In early January, we forecasted an increase of 100 percent in
first quarter silver sales," said Dr. John Whitney, Itronics
President. "The measured silver content of the bullion is
higher than forecasted and the silver content of the glass is also
higher. The December glass shipment included material from
refining melts that failed during the development work in 2017 and
2018, which generated the unexpectedly high silver results.
Melt failures were eliminated in 2019. The increase in silver
in the bullion is a direct result of process optimization which is
on-going and is continuing to increase the silver content of the
bullion."
Itronics is forecasting that it will make two or three bullion
shipments in 2020 and another smaller glass shipment may also be
made. These forecasted shipments will further increase full
year sales. Silver and gold prices are continuing to increase
and are expected to add to 2020 results.
Itronics' breakthrough pilot scale circuit board refining operation
is producing the silver bullion and silver-bearing glass and is an
emerging Zero Waste Technology. All of the circuit boards and
other feed materials to the process are converted to silver bullion
and silver-bearing glass, thereby completely eliminating the
circuit board waste from the environment. The increased
silver production is a result of dramatic improvements in pilot
plant operating efficiencies which are continuing as operating
experience is gained.
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is an emerging
Cleantech Growth Company that uses proprietary multi-nutrient
fertilizer manufacturing technologies to produce GOLD'n GRO
multi-nutrient fertilizers and breakthrough Zero Waste Technologies
to recover fertilizer ingredients, silver bullion, and
silver-bearing glass from waste streams that contain silver, gold,
copper, zinc, tin, and other metals. 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
ensure sustainability.
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 at http://www.amazon.com/s/ref=bl_sr_lawn-garden?ie+UTF8&field-brandtextbin=GOLD%27n+GRO&node+2972638011.
Due to expanded
retail customer interest, GOLD'n GRO fertilizer may now be
purchased in Reno, Nevada at "Buy Nevada First Gift Shop", 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
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("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
Itronics (CE) (USOTC:ITRO)
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