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Press
Release Archives: 01/04/2006
Itronics
Triples Silver Recovery Capacity at its GOLD'n GRO
Liquid Fertilizer Manufacturing Plant in Reno, Nevada
RENO, Nev., Jan. 4 /PRNewswire-FirstCall/ -- Itronics
Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG) reported today that its
subsidiary, Itronics Metallurgical, Inc., has installed
a new photochemical silver concentrator and a new silver
filtration system as part of a major expansion in silver
production capacity at its GOLD'n GRO liquid fertilizer
manufacturing plant in Reno, Nevada. The Company's
silver production capacity is being increased from about
20,000 troy ounces to 60,000 troy ounces annually.
Silver currently sells for approximately $9 per troy
ounce.
"This increase in photochemical processing and silver
recovery capacity is necessary to support expanding
sales of GOLD'n GRO chelated liquid multinutrient
fertilizers," said Dr. John Whitney, Itronics President.
The new photochemical silver concentrator doubles the
plant's capacity to produce photochemical silver
concentrate and distilled water for use in GOLD'n GRO
liquid fertilizer manufacturing. The new filtration
system replaces the existing system and provides a
minimum 5 times increase in silver filtration capacity.
An additional melting furnace is being purchased and is
expected to be installed in early February. Filter cake
drying capacity is also being increased. All of these
changes are expected to be completed by mid-February.
"Incremental expansion of the Reno manufacturing plant
is being done as part of the implementation of our eight
part growth strategy which we summarized in a press
release on June 3, 2005. Capital cost for the expansion
is budgeted at $120,000 and the funds are being provided
by the financing announced in July, 2005," said Dr.
Whitney. "Growth in silver sales is driven by the
on-going growth in GOLD'n GRO liquid fertilizer sales,
which are expected to significantly increase in 2006."
About Itronics
Itronics, through its subsidiary, Itronics
Metallurgical, Inc., is the only company in the world
with a "Beneficial Use Photochemical, Silver, and Water
Recycling" facility that extracts more than 99 percent
of the silver and virtually all the other toxic heavy
metals from used photoliquids and converts the resulting
liquids into environmentally beneficial, chelated,
multinutrient liquid fertilizer products sold under the
GOLD'n GRO trademark, and 5 troy ounce, 0.999 pure,
Silver Nevada Miner numismatic bars. The environmentally
friendly liquid fertilizers can be used for lawns and
houseplants, and are available, along with GOLD'n GRO
liquid fertilizer injectors, at the Company's 'e-store'
catalog at http://goldngro.com. The popular Silver
Nevada Miner bars are available at the Company's
'e-store' catalog at http://www.itromet.com.
Headquartered in Reno, Nevada, Itronics Inc. is a
"Creative Environmental Technology" company and a world
leader in photochemical recycling. The Company also
provides project planning and technical services to the
mining industry and operates the global Internet
Information Portal, http://www.insidemetals.com. Dr.
John Whitney, Itronics President, was selected as
Nevada's Inventor of the Year for 2000 and is a member
of the Inventor's Hall of Fame at the University of
Nevada, Reno. Itronics was one of five finalists for the
2001 Kirkpatrick Chemical Engineering Award, the most
prestigious worldwide award in chemical engineering
technologies. Itronics was awarded second place, Highly
Commended in the Environmental Technology category, at
the prestigious Institution of Chemical Engineers (IChemE)
2005 Worldwide Environmental Award ceremonies at the
Royal Courts of Justice in London, England in September
2005. Itronics was awarded the USA Gold Award at the
House of Commons in London in November 2005 as part of
the International Green Apple Environmental Awards
contest, one of the largest and most prestigious of its
kind in the world.
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.)
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Source: Itronics Inc. |
