ITRONICS REPORTS SIX PERCENT INCREASE IN 2020 FIRST HALF
YEAR SALES
RENO, NV -- July 7, 2020 -- InvestorsHub NewsWire -- Itronics Inc.
(OTC:ITRO),
an
emerging "Cleantech
Materials"
growth
Company that manufactures GOLD'n
GRO
Multi-Nutrient Fertilizers and produces Silver, reported today that
its first six month sales were up six percent, driven by a
GOLD'n
GRO
fertilizer sales increase of two percent and a 150 percent increase
in silver sales. The first six month sales update and
operations and technology progress report is under preparation and
is expected to be published in August.
"The sales growth achieved in the first half is positive given the
negative impacts of the Covid-19 shut downs of schools and
restaurants that negatively affected the California farm economy in
April and May," said Dr. John Whitney, Itronics President.
"GOLD'n
GRO
fertilizer sales were down significantly in April and May but
increased by 24 percent in June compared to 2019, providing a
positive end to the year's first six months."
The GOLD'n
GRO sales
team is introducing some exciting new field applications for the
fertilizers that are driving our expansion plan which has been
slowed but is firmly on track. Also during the quarter, the
Company developed an initial GOLD'n
GRO
copper micronutrient formulation
which is now being field
tested for use on strawberries. If this testing is
successful, Itronics plans to register the copper fertilizer for
commercial sale initially in Nevada and California.
A
silver bullion shipment which settled in early July will be
reported in the third quarter. The pilot scale computer
circuit board refining operation is operating reliably. Metal
recovery optimization is underway and is improving bullion silver
and gold content while at the same time improving furnace
efficiency and reducing the unit cost of metals being
recovered.
Recently Itronics announced that it plans to resume experimental
recovery of pure copper and possibly tin from the silver bullion
which will further increase the silver and gold content of the
bullion being shipped for sale. The Company recently acquired
several commercial electrowinning
cells
which it plans to use for recovering pure metals at the
Itronics Cleantech
Materials
Campus which it is planning for development at its 48-acre
Wabuska
site
north of Yerington, Nevada.
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
multinutrient
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&fieldbrandtextbin=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
*
* * * * * * * * *
("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