ITRONICS REMAINS OPEN;
ANNOUNCES THAT IT IS AN "ESSENTIAL BUSINESS" UNDER NEVADA COVID-19
SAFETY GUIDELINES
RENO, NV -- March 24, 2020 -- InvestorsHub NewsWire -- Itronics
Inc. (OTC:ITRO),
an emerging "Clean Tech Materials" growth Company that manufactures
GOLD'n GRO Multi-Nutrient Fertilizers and produces Silver,
today announced that it is an "Essential Business" under state
of Nevada guidelines issued by the Nevada Department of
Public
Safety on March 20, 2020. Itronics is
in more than
one of
the 16 Critical Infrastructure Sectors designated by the Homeland
Security Cybersecurity and Infrastructure Security Agency (CISA),
"Food and Agriculture," as a manufacturer of fertilizers
used in
the production of crops, and a recycler of critical
minerals.
According to CISA, "if you work in a critical infrastructure
industry, as defined by the Department of Homeland Security, you
have a special responsibility to maintain your normal work
schedule." Normal operations are to be appropriately modified
to account for workforce and customer protection guidance. Itronics
plans to continue its normal operations as modified to provide for
workforce and customer safety.
"We are providing this update for our shareholders and other
stakeholders to reassure them that we will do our best to continue
operating during this period of great uncertainty due to the rapid
spread of the COVID-19 virus," said Dr. John Whitney,
President. "Our GOLD'n GRO multi-nutrient fertilizers improve
crop quality and yield and we are becoming a much more important
'high quality micronutrient' supplier for food crop farming in the
nationally important vegetable, fruit, and nut production markets
in California."
California has issued COVID-19 safety guidelines that are similar
to those issued by the State of Nevada. The State of
California guidelines state: "The federal government has identified
16 critical infrastructure sectors whose assets, systems, and
networks, whether physical or virtual, are considered so vital to
the United States that their incapacitation or destruction would
have a debilitating effect on security, economic security, public
health or safety, or any combination thereof." California
Governor Gavin Newsom ordered that Californians
working
in these 16 critical
infrastructure
sectors may continue their work because of the importance of these
sectors to Californians' health and well-being.
Itronics sells most of its GOLD'n GRO multinutrient fertilizers
into the California markets with lessor amounts sold to support
Nevada farm production. Itronics intends to do its best to
continue to support crop production in Nevada and California during
this time of great uncertainty.
The Company's operations are fully integrated and include pilot
scale e-scrap (circuit board) refining which recovers
critical minerals. "We have an
on-going need for scrapped circuit boards to sustain our
operations, making Nevada circuit board recycling an essential
support function for our operations," said Dr. Whitney. "That
makes Disability Resources/New2U Computers, as a
circuit board supplier to Itronics, an essential Nevada business as
a supplier to sustain our operations as provided by CISA
guidelines." Recycling is
an essential business
under the regulations issued on March 20th by the Nevada
Department of Public Safety, and approved by Governor
Sisolak.
Itronics is a specialty fertilizer manufacturer and requires access
to a variety of raw materials from both primary and secondary
sources. Itronics raw materials are primarily sourced
within the United States,
with some supplies from Canada,
Mexico, and some imported goods that are available on a large scale
from non-Chinese foreign sources.
"Itronics management had the foresight to eliminate all Chinese
sources of raw material. The decision was made more than a
year ago to source GOLD'n GRO raw materials primarily from domestic
or North American sources," stated Dr. Whitney. "We
sell into America's largest vegetable, fruit, and nut farming areas
and believe that full scale farming will continue. We wanted
to be able to assure our customers that our raw material sourcing
is as secure as possible. Additionally, there may be pressure
to increase food
production in
California based on the nation's need to reduce foreign reliance on
its food sources which would make raw material supply security even
more important. Itronics is currently seeing increased GOLD'n
GRO sales due to the fertilizer's proven effectiveness and we
anticipate continuing growth as the year progresses."
The Company's sales are on a path that could produce a two to three
times increase this year. However, economic and labor
uncertainties created by the state and national need to restrain
the spread of the COVID-19 are so great that the forecasts and
guidance issued earlier this year may not be achieved in the near
term. The Company expects that its long-term plan and forecast that
was recently issued can be fulfilled, although there may be delays
in the Silver production and Rock Kleen portion of the plan.
The Company believes there is high risk that the national and world
economies will be plunged into recession by the effects of the
COVID-19 virus and the significant negative economic effects of
some of the unavoidable government responses being made in an
effort to control the spread of the virus.
"Getting the Country through this time of crisis requires strong
teamwork and cooperation from everyone. We are proud to be
part of that effort and our thoughts and prayers are with the
nation and particularly with those directly affected by the virus,"
said Dr. Whitney.
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 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
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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