Itronics Inc (ITRO)

[harpe5368]

We've also established over the course of at least the last 6 months a strategic collaboration with Itronics Inc. Itronics has an existing proprietary technology for extracting precious metals especially effective with silver from ores. Itronics has funded the assessments of not only looking at the extraction possibilities of residual silver from our existing leach pads, but in that same process effectively remediating the reclamation costs related to our existing leach pad in the process.

Some of you may know we have almost $7 million bonded just for the purpose of ultimately remediating and cleaning that pad. And if this process proves effective, not only could we extract additional silver from the existing pad creating new revenue, but dramatically reduce and even potentially eliminate those remediation costs. It could even ultimately lead to being able to reuse our pad and avoiding additional capital. So it's a very exciting venture that Itronics is investing in here with us.