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Press
Release Archives: 04/05/2006
Itronics
Describes GOLD'n GRO Fertilizer and Silver Recycling
Expansion Plans at Special Shareholder Meeting
RENO, Nev.,
April 5 /PRNewswire-FirstCall/ -- Itronics Inc. (OTC
Bulletin Board: ITRO; Frankfurt and Berlin Stock
Exchanges: ITG) reported today that the powerpoint
presentation by Dr. John Whitney, Itronics President,
shown at its recent annual meeting and summarizing the
Company's achievements in its previously announced eight
point business plan, has been posted at the Company's
web site at www.itronics.com.
Plans being developed for geographic expansion of the
Company's GOLD'n GRO fertilizer sales were highlighted
in the presentation and include developing sales for
"Specialty Agriculture" in the Northeast and Southeast;
"Bulk Field Crops" in the upper Mid-West; and "Nursery
and Landscape (GOLD'n GRO Guardian) in the Northeast,
Southeast, and Northwest. The Company is seeking
distributors who have the infrastructure in place for
handling liquid fertilizers in geographic areas where
the Company does not presently have distributors.
As part of the presentation Dr. Whitney described how
the Company has tripled its silver recovery capacity
this year and how the Company's silver refinery will be
expanded further. Itronics has outgrown its pilot
refining area and is now developing a melt shop in an
area in its factory that is not presently being utilized
where a wet air scrubber has been installed. As part of
the plan, the present pilot refining area will be
converted for material drying, preparation, and sampling
needed to support a larger refining operation.
Dr. Whitney also described plans for implementing a
pilot leach operation for which the laboratory research
work has been completed. This process utilizes metal
separation methods that have been developed as part of
the Company's GOLD'n GRO fertilizer manufacturing
technology. The technology has the ability to separate
iron, zinc, and sulfur from silver and other impurities
contained in the silver precipitates that the silver
recovery process produces.
There are three benefits to the company from this new
leaching technology: (1) it provides a 50 percent
reduction in the amount of materials to be processed by
the refinery; (2) the metal and sulfur bearing leaching
liquids will be used in the Company's GOLD'n GRO
fertilizers, reducing the amount of raw materials
purchased from outside suppliers; and (3) the quality of
the GOLD'n GRO fertilizers will be improved because the
leaching process recovers very pure iron, zinc, and
sulfur, leaving other non-nutrient metals and
impurities, including silver, in the solid residual
concentrates that are sent to the refinery. Dr Whitney
said that "this is leaching technology that may be
adaptable for use in gold and silver mining, especially
where leaching of roasted iron, zinc, and sulfur bearing
gold/silver concentrates must be performed as part of
the mining process."
The Company also reported that Itronics shareholders
approved all items on the agenda for the special
shareholder meeting held on March 31, 2006. These were
the approval of the Directors, the Company's Auditors,
and an increase in the Company's shares authorized for
issuance.
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. Itronics' GOLD'n GRO fertilizer was
named one of the top 10 new technologies representing
the best of agricultural innovation by the Canadian
Association of Agri-Retailers in its December 2005
publication "Communicator."
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. |
