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Nice read! Thank You
I am going have to expand the cave. Look like its going to be a long haul. There about 16 million shares out Witch is low. lot of shares are still in certificates. Most of mine are. Im not selling. Thinking reason for low volume. Maybe there not that many shares out there to trade. Like a buy at the ask that get partly filled. Maybe nobody wants to sell. Just a thought.
Happy New Year to all. Hey Saildone! Or anyone else. (Question)Is it still hard to buy itro shares in the market? Are larger orders getting filed all the way? Or partly filed. Been off the grid for a long time. Covid related. hiding in a cave.
The two prediction about silver,and fertilizer future revenue forecast was a bold statement. Like he said. It is very unusual for that to happen. Ive never seen a statement like that before. I believe that a statement like that would not of been made unless they where sure they could achieve it. There's a lot things happening behind the scene with their new distributor. We shall see.
Itronics, Inc. (OTC: ITRO) Forecasting 400% Increases in Q1 Sales
February 6, 2020 - Emerging Growth markets and companies, reports on Itronics, Inc. (OTC: ITRO).
https://emerginggrowth.com/itronics-inc-otc-itro-forecasting-400-increases-in-q1-sales/
Thanks! I was thinking the same way. Hoping for the use of both processes in the near future. I believe there is a lot value in Mercury clean up, and Cyanide contamination cleanup. Value in Gold, and Silver,and the clean aggregate has value too.
Thanks for the come back. Good to hear. LODE never really ruled it out. They did say the process was different than the Mercury Cleanup process that their going with. Maybe on the back burner. What to do with mine tailing that is not contaminate with Mercury.
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, Nevada, Jan. 29, 2020 /PRNewswire/ -- 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.
Anyone know,or heard anything of the collaboration between lode and itro that was in previous P.R. from both companies? P.R. from itro stated that they had finished some testing with a mining company tailing, and had sent the results or workup back to them at the end of the year. Both LODE and ITRO shares have been running neck and neck. Up!
The stock on the move again. Open @ .7890 So far low volume. @ .70 11.30 am. Lets see what the day brings.
What ever it was. It was over 800 shares on the yahoo graph board, and spiked up on Ameritrade.
SAL! The stock is on the move (UP) That was quick. Up .35 to .83.3 Volume still low about 6000 shares. Wow! Let see what the end of the day brings.
Like the toxic lending practices that some companies use. Death spiral lone secured by company stock. I don't think that going to happen. Besides! It was stated in one of the past interview that Wabuska plant had over nine million in infrastructure improvements, and three hundred thousand gallons of wet, and dry storage, plus Railroad, and water on the 48 acre parcel. That's if you had to build what's there today.
“The transition to virgin chemistry has relieved our existing customers concerns about future supply availability and opens up opportunities to develop new markets without being limited by concerns about raw material availability. This is good news for everyone who uses or plans to use our fertilizer and chemical products and technology. This also substantiates the good news for our shareholders, lenders and other stakeholders, of our continuing successful progress moving forward” Dr. Whitney said............Good news Saildone! I like to pick the press releases apart. Try to read between the lines. This is something I picked up on. The word (lenders)We all have borrowed in the past before. The amount of information you have to provide to the lender is staggering. You don't get a loan with forward looking statements.You have to have solid information, and or a business commitment.Not sure who the lender are, or how much. The last big deal was the closing of the Wabuska property at 1.6 mill.
Itronics Reports a 48 Percent Increase in 2019 Sales
[PR Newswire]
PR Newswire•January 7, 2020
Forecasting a $1 million Increase in 2020 First Quarter GOLD'n GRO Sales
RENO, Nevada, Jan. 7, 2020 /PRNewswire/ -- Itronics Inc. (OTC:ITRO) a Cleantech Multi-Nutrient Fertilizer and Silver Producer reported today that its total sales for 2019 were $1,944,000 up from $1,313,000 in 2018 for an increase of $631,000 or 48 percent.
Full year GOLD'n GRO fertilizer sales were $1,839,000 in 2019 up from $1,245,000 in the prior year period for an increase of $594,000, or 48 percent. Full year silver bullion sales were $43,700 up from $19,547 in the same period last year for an increase of $24,153, or an increase of 124 percent.
Fourth quarter GOLD'n GRO fertilizer sales increased by 10 percent. The Company had a backlog of unshipped orders at year end that were not included in the sales increase.
Silver bullion sales were flat in the fourth quarter, but are expected to increase 100 percent in the first quarter due to settlement of a November 2019 silver bullion shipment and a December 2019 silver-bearing glass shipment. Final settlement results will be dependant upon silver and gold prices which are currently increasing strongly.
Itronics recently completed a detailed 2020 GOLD'n GRO sales plan which indicates that 2020 first quarter sales could approach $1.4 million for an increase of more than $1.0 million from the 2019 first quarter. Full year sales are projected to double to $4.0 million of which $2.8 million is forecasted for the first 6 months. The Company believes that the second half sales forecast will need to be revised substantially higher if sales development in the California coastal vegetable and berry markets progresses as expected.
"It is unusual for us to publish forecasted sales, but this year the forecasted sales increases are so large right at the beginning of the year that we felt compelled to inform our shareholders and other stakeholders as soon as possible. Our GOLD'n GRO sales team has been very successful in meeting internal forecasts for the past several months giving us a high confidence level in the sales forecasts going forward," said Dr. John Whitney, Itronics President.
"The expansion from 2019 sales growth of 48 percent to a very large uptick of 40 percent in January compared to 2019 January and a further projected nearly 4 times increase in February from January alone is lifting the Company to an entirely new sales level. We are starting an exciting and happy new year," said Dr. Whitney.
The forecasted sales increase is being driven by several very successful field trials conducted by the GOLD'n GRO sales team in 2019. The field trials are demonstrating that the GOLD'n GRO fertilizers are able to resolve crop micro-nutrient and secondary nutrient deficiencies by improving nutrient transfer from the soil to the plants. The 2020 sales growth is expected to be obtained through expanded sales of additional GOLD'n GRO fertilizers and increased sales participation by several of our distributor's retail branches. The farm customers are continuing to see meaningful improvement in crop health, quality, and yield, which is being attributed to improved nutrient levels and balance within the plants. This is the ultimate driver for sales growth.
"The GOLD'n GRO fertilizer sales growth achieved in 2019 is continuing on an expanding sales base in 2020", said Dr. John Whitney, Itronics' President. "Our GOLD'n GRO sales team is establishing sales in the California coastal vegetable and berry markets as a result of successful field trials on vegetables and strawberries that were conducted in the second half of 2019 to obtain nutrition and crop response data. Our plan is to continue field trials in 2020 to obtain additional base line data on nutrition uptake and crop response. Increasing sales in the coastal California vegetable and berry markets will greatly reduce the seasonality of the fertilizer line of business in 2020 and future years".
Whitney & Whitney, Inc., the Company's technical services subsidiary, has completed a research contract to evaluate the potential for silver tailings reprocessing for a silver mining company. The research project successfully used the Company's newly developed Rock Kleen Technology, which is an upgraded replacement for KAM Thio, to accomplish the reprocessing. This first phase of testing successfully demonstrated use of Rock Kleen Technology for the reprocessing concept and a final report was submitted to the client prior to year end. The Company is expecting to meet with the client early in 2020 to review the results and project status.
Whitney & Whitney, Inc. has also been soliciting and negotiating confidentiality agreements with potential mining companies that might become joint venture partners for developing the polymetallic silver/gold/zinc/copper Auric Fulstone Advanced Stage Exploration Project. Two mining companies are currently conducting due diligence on the property. The Company has high expectations that one or more mining companies will express an interest in co-developing the Auric Fulstone project in 2020, especially if silver, gold, zinc, and copper prices continue to rise.
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.
This year the GOLD'n GRO sales team has developed and obtained accreditation approval for a plant nutrition training program for Certified Crop Advisers (CCA's), and certified Pest Control Advisers (PCA's) that provides continuing education credits for attendees. The course will be presented at meetings that are attended by our distributor's sales personnel and branch managers in California starting in December 2019. This course was made possible by the unique qualifications of the GOLD'n GRO sales team and fills an important need in the marketplace..........I found piece to be very interesting.A training program for are distributor's team. Featuring Gold'n Gro Fertilizer. Could be a new revenue stream for ITRO, Plus increased sales.
Itronics Provides Updates on Current Operations and Silver/Gold Zero Waste Green Technology Growth Projects
[PR Newswire]
PR Newswire•November 14, 2019
New Technologies; New Revenue Streams
RENO, Nevada, Nov. 14, 2019 /PRNewswire/ -- Itronics Inc. (OTC: ITRO), a growing Zero Waste Greentech Fertilizer, Silver, and Mineral Producer, today updated its operations and growth projects progress.
Itronics' mission is to enhance the sustainability and utilization of mineral resources by improving the effectiveness of resource use, improving used mineral recovery and re-use, and enhancing new mineral extraction. The Company's focus is on materials that contain recoverable silver, gold, and base metals. The Company's GOLD'n GRO fertilizer technology increases the availability of mineral nutrients to plants thereby improving crop quality and yield.
Today the "Award Winning" GOLD'n GRO fertilizers and the "Award Winning" Zero Waste Greentech developments are transforming the Company. The fertilizers are now a rapidly growing core operation, with year over year sales increasing by 59 percent in the first nine months of 2019. Year over year silver bullion sales from production by the Company's break-through pilot scale e-scrap refining project increased by 129 percent in the same time period.
The Company is expanding its "Zero Waste" green technology portfolio to create large-scale, long term profitable growth opportunities. Itronics' updated Corporate Profile http://www.itronics.com/docs/Itronics-Business-Profile-2019 that describes these opportunities was distributed by a press release dated 10/23/19. These are technologies to convert silver-bearing concentrates, gold/silver-bearing circuit board scrap (e-waste), and certain types of battery materials to commercial products. Newly introduced is breakthrough "Rock Kleen" technology for use in silver/gold mine heap leach tailing reprocessing to neutralize cyanide and recover silver, gold, and other metals and minerals. Also being introduced is technology to reduce the uptake of non-nutrient toxic metals from agricultural soils by vegetable crops and by field grains.
Development of a Ten-Year Expansion Plan Underway
During the first quarter of 2019 the Company, with the assistance of senior industry experts, began development of a detailed 10-year operations and expansion plan. One objective is to produce an operations expansion and financial plan to guide operations development and to define financing needed to support expansion. Itronics is expecting to achieve rapid growth over the next several years, to be driven by GOLD'n GRO fertilizer sales and to be accelerated by development of additional technologies from the Company's portfolio of "Zero Waste Technologies."
The Company has completed the Reno Operations portion of this plan which defines the capital investment needs and an associated growth path which is primarily driven by growth in sales of the GOLD'n GRO fertilizers. Within three years the growth is expected to be supplemented by circuit board refining and projects to be developed using the breakthrough "Rock Kleen" technology to accomplish recovery of residual silver and gold, while neutralizing residual cyanide by reprocessing silver/gold heap leach tailings at mine sites in Nevada. The Wabuska development and operations planning is just beginning and will be advanced in 2020 as more knowledge of project requirements is gained from on-going research and pilot testing. The Company goal is to begin permitting followed by construction within the next 2 to 3 years.
GOLD'n GRO Fertilizer Progress and Developments
"The GOLD'n GRO fertilizer sales growth achieved in the first nine months is expected to continue 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 sales in 2020. We are successfully expanding and diversifying GOLD'n GRO fertilizer sales in our existing markets and we are establishing sales in the California coastal vegetable markets which will greatly reduce the seasonality of the business in coming years."
This year the GOLD'n GRO sales team has developed and obtained accreditation approval for a plant nutrition training program for Certified Crop Advisers (CCA's), and certified Pest Control Advisers (PCA's) that provides continuing education credits for attendees. The course will be presented at meetings that are attended by our distributor's sales personnel and branch managers in California starting in December 2019. This course was made possible by the unique qualifications of the GOLD'n GRO sales team and fills an important need in the marketplace.
In 2019 the GOLD'n GRO sales team expanded a program of application field testing on cherry and almond orchards to determine whether certain of the GOLD'n GRO fertilizers would solve nutrient deficiencies by improving the ability of tree roots to take up nutrients applied to the soil by microsprinkler and drip irrigation. Wide areas in central California are now demonstrating iron deficiency. Field trials that applied GOLD'n GRO 10-0-0+4% Fe demonstrated that the iron was effectively taken up by cherry and almond trees, thereby eliminating iron chlorosis. The application rates used are cost effective for the growers. These successful demonstrations produced increased sales in 2019 and are expected to significantly expand in 2020 as the grower customers gain a better understanding of how the GOLD'n GRO fertilizers work to improve tree crop quality and yield.
Two field trials on almonds using a multiple GOLD'n GRO fertilizer approach with supplementation of GOLD'n GRO 10-0-0+4% Fe produced the best yield each grower had achieved on the block of trees that were in the trial. One of the growers received a significant premium per acre for his crop based on nut size and color. The value of the premium was many times greater than the cost of the GOLD'n GRO fertilizer used. The cherry tree trials were started too late to benefit the crop yield, but did visibly improve the health and vigor of the trees as a result of improved nutrient uptake.
The Company's GOLD'n GRO sales team also started application field testing on vegetable and fruit crops in the California coastal vegetable and strawberry growing areas. A field trial on strawberries demonstrated that GOLD'n GRO 9-0-2+3% Zn was able to quickly boost levels of certain critical nutrients in strawberries, thereby overcoming some difficult crop limiting nutrient deficiencies. Trials on other berry crops such as blackberries are also being undertaken with very satisfactory results for the growers. Sales of GOLD'n GRO fertilizers for these crops are new and will make an immediate contribution to growth for the Company beginning in late 2019 and continuing into 2020 and future years.
Similar field trials have been initiated on broccoli, Brussels sprouts, and kale. These trials are for complete crop cycles and are still underway. They are using multiple GOLD'n GRO fertilizers and mid-growth tissue tests are demonstrating very satisfactory results. Widespread vegetable crop nutrient deficiencies are showing up in the coastal California growing areas. The GOLD'n GRO fertilizers are demonstrating the ability to cost effectively overcome some of the more significant nutrient deficiencies. Solving these deficiencies for the vegetable growers presents an important new growth opportunity for the GOLD'n GRO fertilizers in 2020 and future years.
Pilot Scale Breakthrough Technology Circuit Board Refining
The Itronics' R&D 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 few shipments and that the value of the shipments will be increased by a combination of increased silver content and the continuing increases in gold and silver prices. The Company's pilot plant operation, using only two furnaces, is expected to produce 3 to 4 bullion shipments and one glass shipment per year going forward.
The pilot scale operation has demonstrated that the current furnace heating technology cannot easily be scaled up. As a result, the company is planning to engineer and install an electric induction furnace which uses an entirely different method of putting heat into the melt and can be readily scaled up once it is proven. The furnaces are operated in pairs, so successful implementation of the new furnace will result in a second furnace being installed. The two furnaces will then be used to provide engineering design data to serve as the basis for larger scale furnaces to be installed at the Wabuska Green Technology Campus that the Company is developing. Addition of two electric induction furnaces will increase bullion production sequentially as they are installed and put into operation in 2020 and 2021, resulting in doubling pilot scale production at the Reno facility.
The R&D group has also been improving the 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.
Rock Kleen Technology Development
The Company's technical services group has signed a research contract to evaluate the potential for silver tailings reprocessing for a silver mining company. The project is using the Company's newly developed Rock Kleen Technology to accomplish the reprocessing. Results of the first round of testing are expected late in the fourth quarter. 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.
Research cost reimbursement is a new revenue source for the Company and is expected to increase as new process application research gets underway on new projects and as existing projects expand. This new revenue source is expected to increase revenues in the fourth quarter 2019.
Manufacturing Facilities Operation and Development
The Company's Reno manufacturing facility is fully operational and acquisition of the Wabuska manufacturing facility has been completed.
The Company's manufacturing plant in Reno, Nevada is a major asset and is strategically located near a rail siding, which is next to the Reno-Stead Airport, and has significantly increased in value over the past two years. We expect this property to continue to increase in value because of the influx of large tech manufacturing and distribution companies in northern Nevada. The Reno facility is also increasing in value for the Company as a location to perform application R&D and specialty manufacturing, including the GOLD'n GRO fertilizers.
During the third quarter the Company acquired control of a 48-acre, 60,000 square foot manufacturing facility located at Wabuska, Nevada for a purchase price of $1.6 million. The site is zoned for fertilizer manufacturing, chemical manufacturing, and foundry operations. It has four dry product silos and four liquid product tanks with a total volumetric capacity of almost 300,000 gallons and is adjacent to a rail siding. The purchase includes almost 9-acre feet of water rights and there is one water well on site. The site includes a large electrical power supply and a large natural gas supply. This is a long-term strategic site acquisition for commercial expansion of the Itronics portfolio of "Zero Waste Green Technologies" including expanded manufacturing capacity for its GOLD'n GRO fertilizers. This facility is being developed as the Wabuska Green Technology Campus.
As part of the acquisition, the Company completed a current Phase I Environmental Review which recommended a Phase II Sampling Program. The Northern Nevada Development Authority (NNDA), under terms of a contract with U.S. EPA, agreed to fund both the Phase I and Phase II studies. The total cost was estimated to be about $40,000. The Phase II sampling plan was approved by U.S. EPA and was completed in June 2019. The property, consisting of six parcels, was cleared by the sampling project. The Company now has a "clean" Phase II study for each of the six parcels. This is a real value enhancement for the company due to the fact that the site and the associated rail siding has been in use since the 1920's.
The Wabuska Green Technology Campus is conveniently located about 15 miles east of the Fulstone Project area and may be able to serve as an operations base to support development of that project.
Auric Fulstone Project Developments
The Itronics technical services group has also been soliciting and negotiating confidentiality agreements with potential mining companies that might become joint venture partners for developing the Auric Fulstone Project. One confidentiality agreement is in place and the mining company will begin reviewing the Auric Fulstone project late in the fourth quarter 2019. The technical services group 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.
Itronics Receives Economic Development Authority's Sustainability Leadership Award
[PR Newswire]
PR Newswire•October 29, 2019
RENO, Nevada, Oct. 29, 2019 /PRNewswire/ -- Itronics Inc. (ITRO), a growing Innovative Greentech Fertilizer, Silver, and Mineral Producer, today announced that it has received the EDAWN 2019 Small Company Sustainability Leadership Award.
The Economic Development Authority of Western Nevada (EDAWN) annually recognizes primary company leaders in several categories important to the Northern Nevada community. Leadership in sustainability is one of those. EDAWN stated: "Itronics is a cleantech company that utilizes science and engineering to create and commercialize recycling, mineral, and nutrient technologies."
According to EDAWN: "Existing primary companies are the foundation of the Northern Nevada region. Though they may only account for a small portion of the companies in the area, they are responsible for creating over 50 percent of the new jobs."
Itronics has been a member of the community for more than 30 years. It got its start by developing and commercializing recycling technology that solved a major water contamination problem for the community, and is now recognized as a major contributor to saving the Truckee River and Pyramid Lake Fishery. Itronics developed the environmentally friendly, Award Winning, GOLD'n GRO fertilizers and has continued its R&D to develop a portfolio of "Zero Waste" technologies that are now in various stages of commercial development. Itronics has received prestigious international awards, including the 1st International Green Hero Award, that recognize its technology leadership which has brought visibility to Northern Nevada as a community favorable for technology development.
The Company is creating and expanding its "Zero Waste" technology portfolio. These are technologies to convert silver-bearing concentrates, precious metal-bearing circuit board scrap (e-waste), and certain types of battery materials to commercial products. Newly introduced is breakthrough "Rock Kleen" technology for use in silver/gold mine heap leach tailing reprocessing to neutralize cyanide and improve residual silver and gold recovery. Also being introduced is technology to reduce the uptake of non-nutrient toxic metals from agricultural soils by vegetable crops and by field grains.
Today the GOLD'n GRO fertilizers are transforming the Company and are now a rapidly growing core operation. Portfolio technologies are creating large-scale long-term profitable growth opportunities for Itronics.
I too have been trying to buy up the low hanging fruit all summer long. When the stock started down. There's been a lot more positive information been released since then. The fourth quarter will tell a lot more. Been a steady rise in fertilizer sales since they formed the in house sales force last October, and a change in their distributor.
3. Technical brilliance of the scientist/engineer who runs Itronics. 4. Extent of stock share dilution unknown, at least by me. About 16 mil. In my opinion is very low. In my opinion they have been very conservative about dilution, and increased dilution information has been released in the past. The release has been very slow to grow. I believe is a good thing. Reason for that is in black.The low out-standing shares is a big plus for the company,and is rarely talked about. The pie is still whole.
I have never been asked to sell itro shares, then buy mxsg shares. I know more then a bit about itro. (Saildone)Thought's number look vary good.In my opinion. The R&D with the Fertilizer on Vegetable in the coastal zone. I'm thinking the Salinas Valley. Is paying off. That area down there is a big deal for Vegies. The R&D for the other segments are looking good to. Separation process, The smelting process, Auric collaboration, Mining co that's paying for R&D for Kleen Rock, Kan Thio, same thing. Haven't heard to much about the E waist segment. Silver production is way up. That would be the mining segment. Yes! Mining, Mining valuable metals, and minerals from toxic waste. Why would I ever want to sell my ITRO shares. GOOD GRIEF.
YES! I see his claims over there. The lawsuit is old news. Be careful with claim like that. (Lots of claims) Do your own D.D. Sound like he has a ax to grind.
There is gov. money out there for super fund cleanup. I believe that some of that money should be used for project (as a grant)for small companies with this type of technology to move froward.It's time to start cleaning up the mess that we have made. I guess I'm asking for to much.
Itronics Testing Breakthrough Technology Rock Kleen System for Reprocessing Silver/Gold Mine Tailings, to Replace the Validated KAM Thio System Technology
GlobeNewswire•September 4, 2019
Itronics enters into agreement to test Rock Kleen on second silver mines tailings
RENO, Nev., Sept. 04, 2019 (GLOBE NEWSWIRE) -- Itronics Inc. (ITRO), an Innovative Greentech Fertilizer, Silver, and Mineral Producer, reported today that it is developing breakthrough technology Rock Kleen to replace its previously validated KAM-Thio fluid for neutralization of residual cyanide, and recovery of residual silver, gold, and metal oxides from silver/gold heap leach mine tailings.
The new Rock Kleen chemistry is manufactured from virgin ingredients and is based on more than 30 years of experience with similar fluids manufactured from spent photographic liquids. The Company has been working on chemical replacement of spent photographic chemistry used in its GOLD’n GRO fertilizers and for the KAM-Thio rock cleaning fluid for several years in anticipation that spent photoliquid supply might decline and be insufficient to support GOLD’n GRO fertilizer sales growth.
Itronics is “bench marking” the Rock Kleen system using samples supplied by Comstock Mining and it has entered into an agreement with a second silver company with 12 times the tailing tonnage to test Rock Kleen on previously leached silver ore with a high residual silver content and complex silver mineralogy. Testing Rock Kleen is presently underway on heap leach tailings materials from the second mine, and from Comstock Mining. These tests are further validating this breakthrough technology for application in the mining industry to achieve zero waste.
“We have known for the last few years that the supply of silver-bearing photoliquids could diminish to levels that might not support large scale growth of the GOLD’n GRO fertilizer sales,” said Dr. John Whitney, Itronics President. “We decided that developing Rock Kleen for the silver/gold mine tailings reprocessing application would provide an excellent opportunity to test the new technology. We believe that the new chemistry will work very well in the GOLD’n GRO fertilizers as well. Sales of GOLD’n GRO Fertilizers are up over 62% for the first 6 months of 2019 compared to the prior year.
“The transition to virgin chemistry has relieved our existing customers concerns about future supply availability and opens up opportunities to develop new markets without being limited by concerns about raw material availability. This is good news for everyone who uses or plans to use our fertilizer and chemical products and technology. This also substantiates the good news for our shareholders, lenders and other stakeholders, of our continuing successful progress moving forward” Dr. Whitney said.
Itronics expects to transition to virgin chemicals for all of its liquid products over the next three years. Itronics still plans to use spent photoliquids for some of its needs as long as it is economical to do so, and continues to recycle it to zero waste.
Itronics Testing Breakthrough Technology Rock Kleen System for Reprocessing Silver/Gold Mine Tailings, to Replace the Validated KAM Thio System Technology
GlobeNewswire•September 4, 2019
Itronics enters into agreement to test Rock Kleen on second silver mines tailings
RENO, Nev., Sept. 04, 2019 (GLOBE NEWSWIRE) -- Itronics Inc. (ITRO), an Innovative Greentech Fertilizer, Silver, and Mineral Producer, reported today that it is developing breakthrough technology Rock Kleen to replace its previously validated KAM-Thio fluid for neutralization of residual cyanide, and recovery of residual silver, gold, and metal oxides from silver/gold heap leach mine tailings.
The new Rock Kleen chemistry is manufactured from virgin ingredients and is based on more than 30 years of experience with similar fluids manufactured from spent photographic liquids. The Company has been working on chemical replacement of spent photographic chemistry used in its GOLD’n GRO fertilizers and for the KAM-Thio rock cleaning fluid for several years in anticipation that spent photoliquid supply might decline and be insufficient to support GOLD’n GRO fertilizer sales growth.
Itronics is “bench marking” the Rock Kleen system using samples supplied by Comstock Mining and it has entered into an agreement with a second silver company with 12 times the tailing tonnage to test Rock Kleen on previously leached silver ore with a high residual silver content and complex silver mineralogy. Testing Rock Kleen is presently underway on heap leach tailings materials from the second mine, and from Comstock Mining. These tests are further validating this breakthrough technology for application in the mining industry to achieve zero waste.
“We have known for the last few years that the supply of silver-bearing photoliquids could diminish to levels that might not support large scale growth of the GOLD’n GRO fertilizer sales,” said Dr. John Whitney, Itronics President. “We decided that developing Rock Kleen for the silver/gold mine tailings reprocessing application would provide an excellent opportunity to test the new technology. We believe that the new chemistry will work very well in the GOLD’n GRO fertilizers as well. Sales of GOLD’n GRO Fertilizers are up over 62% for the first 6 months of 2019 compared to the prior year.
“The transition to virgin chemistry has relieved our existing customers concerns about future supply availability and opens up opportunities to develop new markets without being limited by concerns about raw material availability. This is good news for everyone who uses or plans to use our fertilizer and chemical products and technology. This also substantiates the good news for our shareholders, lenders and other stakeholders, of our continuing successful progress moving forward” Dr. Whitney said.
Itronics expects to transition to virgin chemicals for all of its liquid products over the next three years. Itronics still plans to use spent photoliquids for some of its needs as long as it is economical to do so, and continues to recycle it to zero waste.
CPS is nation wide. Now! I believe they are all Nutrien AG Distributors. CPS had a parent co. I can't remember the name. The parent co was one of the biggest, if not thee biggest fertilizer co in the nation.
Itronics Reports a 62 Percent Increase in 2019 First Six Months' Sales
GlobeNewswire•August 26, 2019
RENO, Nev., Aug. 26, 2019 (GLOBE NEWSWIRE) -- Itronics Inc. (ITRO) an Innovative Greentech Fertilizer, Silver, and Mineral Producer, reported today that its first 6 months' sales were up 62 percent driven by a GOLD’n GRO fertilizer sales increase of 63 percent and a 355 percent increase in silver bullion sales. The first 6 months' sales update and operations and technology progress report is under preparation and is expected to be published shortly.
“The sales growth achieved in the first half is expected to continue in the second half,” said Dr. John Whitney, Itronics’ President. “Our expanded GOLD’n GRO fertilizer sales team is developing some exciting new field applications for the fertilizer that are expected to significantly expand fourth quarter sales and greatly reduce the seasonality of the business in coming years”.
The company’s Reno-Stead manufacturing facility is fully operational and was not affected by a fire that occurred recently at a nearby pallet manufacturing operation.
I believe so. I posted that from memory. From Dennis Bradly interview, and I talked to him awhile back.Crop Production Services was bought out. I notice that the CPS outlets in my area are now NutrienAg. Bradly said they are the biggest fertilizer distributor in the country. Then again CPS was one of biggest distributor in the country. You can call, and talk to Dennis Bradley for more information.It seem like to me that their willing to work with ITRO. TEST,STUDIES, DIFFERENT APPLICATIONS FOR DIFFERENT CROPS, AND EXPANDED CUSTOMER SERVICE. They mention expanding into AZ. at one time.
One more Big change that many my not know. Besides the in house sales force which i believe made a huge improvement in fertilizer sales, and was deeply needed,was their new distributor Neutriant. I believe Neutriant bought out are past distributor. They seem to be willing to work more closely, and willing to promote the different fertilizer that ITRO has to offer to the farmers. We shall see. First half year fertilizer sale are impressive, and costumer base is expanding.
I pulled this piece from the phone transcripts from Comstock Mining co They talk about the Kam Thio process How it can be used, What it dose in reference to Comstock Mining Co (LODE), It look like they still plan to move forward with the separation project.................Very well. Next question, are you still working with Itronics?
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Corrado F. De Gasperis, Comstock Mining Inc. - Executive Chairman, President & CEO [43]
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Yes. And so I'm glad you asked that question because, in so many ways, the mercury technology parallels in concept with the Itronics' technology. It's completely different and not overlapping, very important point. It's completely complementary and additive, very important point. But whereas the mercury takes tailings, the mercury technology takes tailings and processes, and I keep using plaster mining examples because that's similar to what we're going to be doing here, the equipment is more like a plaster mining system. It's not -- the mercury solution is not restricted to plaster, it could hard rock, it could plaster, so we've got a lot of flexibility there. But whereas it cleans up contaminated mercury tailings and soils, our #1 joy that comes from the collaboration with Dr. Whitney is that, that reprocesses or at least our objectives together is to reprocess formally leached material, some people called those tailings. We think of them a little bit differently, formally leached materials within an exceptional efficacy on silver. And so that model for us is just as exciting as the mercury opportunity, quite frankly.
It fits right into the strategy of as mine deplete their ore, their tailings and their leach pads grow. The reclamation liabilities grow and half the silver is trapped in those pads to be reprocessed. And the reprocessing not only gets the silver similar to the golden discussion in the mercury but it detoxifies the cyanide-wide complex. It takes contaminated materials, it makes them organic and captures the precious metals to profit and sustain that kind of operation.
So the mercury is #1 on our list. It moved ahead of Dr. Whitney temporarily. But now that the deal is done and we're moving forward, and we're brining a little extra help to do this because these things are really getting robust. Itronics has moved back up into the pole position for lack of a better word. And I can't wait to get back into the discussion and in many ways, the agreement that we forged with MCU and mercury is there -- I mean, personally, I think it's a perfect template for working the same or similar way with Dr. Whitney and Itronics. So we're going to pursue that's high on our list. We think it's high on his list, and we are only about a win-win. So we're highly confident that that's going to work out.
tronics Subsidiary Whitney & Whitney Seeks JV Participant to Advance Auric Fulstone Polymetallic Gold Prospect
GlobeNewswire•August 13, 2019
RENO, Nev., Aug. 13, 2019 (GLOBE NEWSWIRE) -- Itronics Inc. (ITRO), an “Innovative Zero Waste” technology company that produces GOLD’n GRO fertilizers, and silver products, today reported that its subsidiary, Whitney & Whitney, is seeking proposals from parties interested in participating in the Auric Gold and Minerals, Inc. Fulstone Exploration Program.
Auric Gold and Minerals, Inc. has identified a tertiary epithermal gold system at its Fulstone property in the Yerington Copper District in Nevada. The system was identified by field observation and work including fault mapping, geochemistry and geophysics. Grid type soil sampling has provided strong anomalous gold values over a strongly jointed and strongly dis-colored leach cap area. One sample returned a gold value of .4 oz per ton. This area has been named the Golden Valley. The current known extent of the indicated gold anomaly is 4000 feet by 1000 feet but may be extended with additional sampling. IP/Resistivity Geophysics indicate potential mineralized depth of up to 2000 feet.
The Golden Valley Prospect and its associated mineralized zones is a viable target for drilling to measure the scope and content of mineralization in the underlying rocks. There are currently no exploration holes drilled at Fulstone and no NI 43-101 Reserves or Resources. There is high probability that drilling will measure out a large tonnage of rock containing gold, silver, zinc and copper at this location.
Auric’s vision is to develop Fulstone as a Green Mining Initiative. Green Mining is achieved by doing the least amount of harm while recovering the highest level of metals and minerals from the rock mined. Fulstone polymetallic gold mineralization potentially presents the opportunity to produce four separate mineral products with a single operation.
“Potentially the quantities of Fulstone gold, silver, zinc and copper could represent the amount of metals that would be recovered from four separate mines.” said John Key, President and COO of Auric Gold. “If this proves to be the case, the surface environmental impact would be 75 percent less than that of four separate mines. This would be a big win for the environment.”
Auric Gold and Minerals is a privately-owned company. Whitney & Whitney, Inc., a wholly owned subsidiary of Itronics Inc., owns 70% of Auric Gold and Minerals.
Interested parties are encouraged to contact Auric Gold and Minerals for further information:
Auric Gold and Minerals, Inc.
John L. Key
President and COO
jkey@itronics.com
775-689-7669
There been three back to back P.R. from ITRO that is showing forward moving progress that I found interesting. Nothing more on the collaboration with LODE.
Wow! Three vary impressive forward moving Press Releases in a row. Go ITRO.
Itronics Exercises Option to Purchase 48-Acre, 60,000 Square Area Foot Manufacturing Facility at Wabuska, Nevada for $1.6 Million
GlobeNewswire•July 16, 2019
Facility Provides Land, Buildings, Water Rights and Rail Service to Support Expansion
RENO, Nevada, July 16, 2019 (GLOBE NEWSWIRE) -- Itronics Inc. (ITRO), a diversified zinc fertilizer and silver producing green technology Company, today announced that it has exercised its option to purchase a manufacturing facility at Wabuska, Nevada for a purchase price of $1.6 million. This is a strategic site for the expansion of Itronics GOLD’n GRO fertilizer manufacturing and for developing its portfolio of “Zero Waste Technologies.” Itronics’ plan is to develop this site as a Green Technology campus.
“The Wabuska site is configured and zoned for uses that are a perfect fit for expansion of Itronics GOLD’n GRO fertilizer manufacturing and for its breakthrough 'Zero Waste' technologies,” said Dr. John Whitney, Itronics President. “We are pleased that the seller has worked with Itronics to make this purchase possible. We are also excited to be able to expand our 'Greentech Zero Waste' technology operations at a geographically strategic location in northern Nevada.”
The site is zoned for fertilizer manufacturing, chemical manufacturing, and foundry operations. Special use permits will be required for specific operations. The facility is on 48 acres, has five buildings with 60,000 square feet under roof, with a 9 million dollar replacement value on the existing structures It also has four dry product silos and four vertical liquid tanks, and is adjacent to a rail siding.
The purchase includes approximately 9-acre feet of water rights. There is one water well on the site along with a lined fresh water pond, and a lined process water pond for which the permits are active and are being acquired as part of the purchase. Site infrastructure includes electric power and natural gas.
The Wabuska site is strategically located about 75 miles southeast of Reno, Nevada, and is about 12 miles north of Yerington, Nevada on the north side of the Yerington copper mining district with its large undeveloped copper deposits. It is about 15 miles east of the Company’s Fulstone polymetallic gold exploration property.
Access to rail service is expected to make the GOLD’n GRO fertilizers cost competitive nationally in bulk. The Company believes that lowered shipping cost with rail delivery capabilities can make it possible to acquire a meaningful national market share in zinc and other micronutrient fertilizers. The Wabuska Manufacturing Facility will also make it possible for the Company to expand its operations to meet the needs of international markets.
The Company’s Greentech technologies completely convert waste materials into commercial goods and because of that are categorized as “zero waste” technologies. Itronics is a world leader in developing this type of Green Technology.
That is interesting. Yes! They have already reported that they have what they call a partner of some sort. I am thinking maybe someone else with deep pockets. To maybe drill some holes to see whats under the ground out there. The area around Auric is surrounded by major on going mining operations for many many years.
Itronics 2019 First Six Month’s GOLD’n GRO Fertilizer Sales Exceed 2018 Full Year Sales
GlobeNewswire•July 2, 2019
Outstanding Achievement for Company and Investors
RENO, Nev., July 02, 2019 (GLOBE NEWSWIRE) -- Itronics Inc. (ITRO), an Innovative Greentech Fertilizer, Silver, and Mineral Producer, reported today that its GOLD’n GRO fertilizer sales of $1,259,248 from January through June 2019 exceeded the full year 2018 fertilizer sales.
“Our sales team under the leadership of our new marketing manager is driving the increase in sales, which is being strongly supported by our distributor. The fertilizer sales improvement is due to a combination of factors including increased demand within the existing customer base, new demand from addition of new retail outlets to the customer base, expanding interest in additional GOLD’n GRO fertilizers that are in the GOLD’n GRO fertilizer product line, and positive results from field trials being conducted this year. The field trials are on-going and are proving invaluable in demonstrating to our distributor’s sales force the effectiveness of the GOLD’n GRO fertilizers, compared to competing fertilizers, in solving crop nutrition problems in the field,” said Dr. John Whitney, Itronics President.
“The first half results confirm that the Company’s GOLD’n GRO fertilizer sales are now growing strongly,” said Dr. Whitney. “We are excited by the outstanding results being achieved by our expanded sales team under its new leadership. We are expecting sales to continue at higher levels in the second half of the year, thereby reducing the seasonality of our business and greatly strengthening the business by expanding annual sales.”
Itronics Expands by 6 Times, the Golden Valley Prospect at Its Auric Fulstone Polymetallic Gold Project
GlobeNewswire•June 25, 2019
Strong Gold Mineralization Indicated
RENO, Nev., June 25, 2019 (GLOBE NEWSWIRE) -- Itronics Inc. (ITRO), an “Innovative Zero Waste” technology company that produces GOLD’n GRO fertilizers and silver products, today reported that its subsidiary, Whitney & Whitney, Inc., has expanded the geologic scope of the “Golden Valley Prospect” at the Auric Gold & Minerals, Inc. Fulstone polymetallic gold exploration project in the Yerington Mining District in northwestern Nevada.
The Golden Valley Prospect is described as a Tertiary polymetallic low sulfidation gold system in a press release dated March 5, 2019. The Golden Valley Prospect samples are indicating strong gold mineralization accompanied by anomalous silver, zinc, lead, and copper. Recent field inspection has determined that the strongly altered leached zone extends about 4000 feet to the southwest of the initial sample grid and may be up to 1000 feet wide along this length. Previous geochemical soil sampling identified anomalous zinc and copper values along the length of this valley and identified anomalous gold values along the north, west, and south of this valley. Induced polarization lines that cross this valley indicate that mineralized rocks extend to a depth of 2000 feet. The combination of these coincident anomalies makes this a very strong exploration target.
The combined mineralized area is about 5600 feet in strike length with varied widths up to over 6000 feet. Induced polarization measurements suggest that the mineralized rocks extend to a depth of about 2000 feet within this zone. Total surface area is about 0.85 square mile, and total mass of rock within the defined area to a depth of 2000 feet is about 3.7 billion tons, making this a large exploration target for drilling.
Presently there has not been any drilling within the prospect area and there are no defined mineral resources. The potential presence of minerals is indicated by surface geologic mapping, geochemical sampling, and induced polarization geophysical survey lines that cross the anomalous mineralized area indicated by surface sampling.
“We are planning a phase I work program to obtain more detailed geological, geochemical, and geophysical data to develop detailed information about the distribution and surface mineral content at specific locations within the prospect area that will be used to plan a drilling campaign to measure the potential resource,” said John Key, Vice President Projects for Whitney & Whitney, Inc. and President and Chief Operating Officer of Auric Gold & Minerals.
The Golden Valley Prospect is the third gold occurrence to be identified in the Buckskin Range and is the second surface occurrence. The first is a high-grade gold-copper surface vein system at the Buckskin Mine about six miles to the south that was discovered in the early 1900’s. The second is a deep high-grade copper-gold system about three miles to the south that was discovered by Anaconda Copper in the early 1970’s, but that was not developed.
The Yerington Mining District hosts several multi-hundred-million-ton copper deposits and is favorable for the discovery of additional large deposits. The Fulstone Project is one of the more prospective areas in the district that has not yet been drilled. As a Tertiary polymetallic low sulfidation gold system, it offers the potential for the discovery of near surface gold, silver, zinc, lead and copper which is unique and could be much more valuable than other prospects in the district, which are mostly enriched in copper.
Companies that may have an interest in participating in the development of the Auric Fulstone Project should send their inquiry to John Key at jkey@itronics.com.
Thank You Luna for the correction. I have been a shareholder since 2000. I am well aware of the ups,and downs Itronic has been through.Yet they continued to move forward. They manage to survive the TOXIC SHAMEFUL MONEY BORROWING YEARS. When many,many small companies did not. And yet they continued to move forward. Itronics has been around since the late eighties. I am not asking anyone to invest in any company. I believe in what they are doing. The time has come to start cleaning up the messes we are making out there.
Here's what I think. After the losses in 2018, the revenue increase does little more than put them slightly ahead of 2017. Then this makes this P.R. in the positive area. The start of a turn around...... Remember, this is revenues, not profits. After continued losses for years, ITRO refuses to produce financials for more than 20 years; Twenty years you say! Something not right with that. Fake News