ITRONICS ANNOUNCES "CLEAN TECH MATERIALS" GROWTH
PLAN
GROWTH FORECAST AND
10-YEAR
BUSINESS PLAN UTILIZES SCALABLE INTERNALLY
DEVELOPED ZERO WASTE ENERGY SAVING TECHNOLOGIES
ANNUAL SALES FORECASTED TO EXCEED $70 MILLION
RENO, NV -- March 17, 2020 --
InvestorsHub NewsWire -- Itronics Inc. (OTC:ITRO),
an emerging "Clean Tech Materials" growth Company that produces
GOLD'n GRO Multi-Nutrient Fertilizers and Silver, is releasing
today the Company's growth forecast and 10-year business plan that
is designed to integrate the Itronics developed "Zero Waste Energy
Saving Technologies" into a unified operation with three business
lines. Annual revenues for Itronics combined business lines
potentially exceeds $70 million by 2025. Each business line
has potential for sustained growth.
Itronics "Clean Tech Materials" research and
development has made possible the three inter-linked business lines
that; (1) take existing waste materials and produce Multi-Nutrient
Fertilizers, (2) recover precious and base metals producing silver
bullion and silver bearing glass, and (3) cleans mine
tailings to recover residual metals for refining and sale, and to
produce Industrial Minerals.
Significant growth is planned over the next
five (5) years that will
transform Itronics into a major nationwide supplier of
Multi-Nutrient Fertilizers; the largest printed circuit board
refiner in the western U.S. producing silver and other metals; and
an Industrial Minerals producer. The second five
(5) years of the
10-year business
plan is
based upon continuous operations, although all plant
design is being completed with anticipation of further growth and
expansion. Utilization of the "Clean Tech Materials" technologies
developed by Itronics in three integrated business lines creates a
solid foundation for long term profitable growth based on material
and energy cost savings realized by utilizing waste materials as
feed streams.
"Itronics is clearly focused on utilizing our scalable
Zero Waste Energy Saving Technologies to grow
the Company to be an industry leader in "'Clean Tech
Materials"'. Integrating our technology into three growth
business lines that utilizes waste materials as feed stock provides
the opportunity for Itronics to be a leader in profitable
sustainable development," stated Dr. John Whitney, Itronics
President. "This growth forecast
and 10-year
business
plan sets the
foundation and is a picture
of the
business
potential based upon Itronics' scalable technologies."
Itronics "Clean Tech Materials" research and development has made
possible the three inter-linked business lines that are described
in more detail here.
1. GOLD'n GRO Multi Nutrient Fertilizer
production is
forecasted for major growth with the expansion of production
to
the "Itronics Clean Tech
Materials Campus" (ICTMC) located north
of Yerington, Nevada. Production capacity
at ICTMC will
allow Itronics to meet its forecasted year on year growth
projections. ICTMC's rail siding will
provide access
to efficient lower cost rail transportation for distribution of
bulk GOLD'n GRO shipments
nationwide and
internationally. GOLD'n GRO multi nutrient fertilizers
improve crop quality and yield, which is
driving
growth. Forecast
revenues for GOLD'n GRO approach $25 million per year by
2025.
2.
Silver Bullion Production will move from pilot
plant production at Reno, Nevada to larger scale commercial
production at ICTMC. Growth plans set the production growth
target at a 60-100 times increase, making Itronics one of the
largest printed circuit board refiners in the U.S. Metals
recovered from printed circuit boards include gold, silver,
palladium, tin and copper. Silver bearing glass is also a
major product. Itronics Silver Bullion Production is a
Zero-Waste Energy Saving Technology that recovers 100 percent of
contained metals, while using the energy content of printed circuit
boards to reduce refining power cost by up to 50 percent.
Silver Bullion Production expansion will also benefit from precious
metals recovered by Rock Kleen Tailings
Processing. The
ICTMC is strategically situated in Northern Nevada close to
Northern California's Silicon Valley and will be the only major
printed circuit board refiner in the western U.S. Forecast
revenues for Silver Bullion Production approach $36 million per
year by 2025.
3.
Rock Kleen Tailings Processing is a revolutionary
Itronics "Clean Tech Materials" development that cleans mine
tailings of residual cyanide and makes the previously mined
materials available for Industrial Mineral usage. This is
Energy Saving Technology because it
avoids the significant energy costs of mining and crushing the
rock. Rock Kleen recovers residual metals including both
precious and base metals that were not recovered by previous
leaching processes. While Rock Kleen is used at the mine site
or at a central location, final metal production will occur at the
ICTMC. Industrial Minerals production and sales is a major
growth market for Itronics. Producing crushed rock, clays, crushed
rock fines and minerals from previously mined tailings provides
huge opportunities for this Itronics Zero Waste Energy Saving
Technology by saving energy and maximizing materials use. Up
to 60 percent of the cost of mining is energy, so the energy cost
savings are very substantial. Rock Kleen is produced by
Itronics' proprietary GOLD'n GRO technology. The current
Industrial Mineral market in California-Nevada approaches 300
million tons per year. A Whitney & Whitney marketing
survey has identified over 400 million tons of treatable mine leach
tails near rail service in the Yerington, Nevada
to
Tonopah, Nevada
corridor. Rock
Kleen Processing projects are designed as joint ventures.
Forecast revenues for Rock Kleen Tailings Processing approach $12
million per year by 2025 for Itronics portion of the first
project. Additional projects will produce ever increasing
Rock Kleen revenue for Itronics.
"Many years of successful research and development in scalable Zero
Waste Energy Saving Technology has opened the doors to new emerging
profitable growth opportunities for Itronics," said Dr. John
Whitney, Itronics President. "Itronics is entering an
exciting period of major growth and the "Itronics Clean
Tech Materials
Campus"
is the
future location for expanding the three major lines of
business. Itronics is now poised to be a "Clean Tech
Materials" leader in three expanding markets utilizing Itronics
Zero Waste Energy Saving Technologies. Access to major
capital funding will be needed to support the forecasted revenue
growth. This growth forecast is based on our recently
completed 10-year business
plan.
Successful implementation of this plan is expected to provide major
benefits to the Itronics shareholders and other
stakeholders who have continued to
support our Zero Waste Energy Saving Technology research and
development."
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 maximize 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 https://www.amazon.com/s?rh=p_4%3AGOLD%27n+GRO.
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
* * * * * * * * * *
("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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