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Itronics Inc. - A cleantech Specialty Fertilizer, Silver and Mineral Producer  


6490 S. McCarran Blvd
Bldg. C, Suite 23
Reno, NV 89510


Press Release Archives: 05/02/2017

Itronics Updates Breakthrough E-Scrap Recycling Progress

RENO, NV--(Marketwired - May 02, 2017) - Itronics Inc. (OTC PINK: ITRO) a diversified fertilizer and silver producing green technology Company, today announced that it has received a payment from its first shipment of silver bullion produced by its breakthrough e-scrap (personal computer circuit boards) refining technology.

E-scrap is a "cost saving" and "revenue expanding" raw material for Itronics' silver refining operations. The e-scrap is completely converted to saleable goods and green energy. Using e-scrap as a "raw material" represents a new "Zero Waste" technology for Itronics and is expected to significantly increase the profitability of its refining operation and the Company's bottom line.

Itronics is successfully capturing all of the base and precious metals contained in the ground up circuit boards (e-scrap). The metals include silver, gold, palladium, copper and tin. The technology partitions the silver and copper into the bullion, and copper and silver bearing glass slag. Virtually all of the gold and palladium are being recovered into the bullion in payable amounts.

"Optimization results are exceeding our expectations. Between early January and mid-April the amount of silver bullion being recovered per melt has tripled. Process optimization is continuing, and further furnace and production improvements are being identified and implemented," said Dr. John Whitney, Itronics President.

Itronics continues its feasibility study to determine whether e-scrap can be integrated into the silver refining operation as a raw material. One objective of the study is to determine whether e-scrap could be used to expand refining revenues and add a non-seasonal precious metal bearing raw material to the process. The metal recovery concept is to use the silver recovered from photographic liquids to collect the metals contained in the e-scrap into a saleable form. The e-scrap is now being successfully used as a "cost reducing" "raw material" in the silver refining process.

The Company now has enough information to develop a detailed revenue and operating cost model. Once on-going operating procedures are established, this detailed model will be used for operations material balance and accounting control, annual production planning, and for feasibility studies of expansion options. Based on information obtained to date, the Company is defining a pilot plant operating schedule which it hopes to implement in late May. Silver bullion shipped in the second quarter will be reported in the third quarter sales results.

The benefits of using the e-scrap as a raw material in the silver refining operation include:

1. Revenues generated by the refining operation will continue to be primarily from silver, but will be expanded by 20 to 30 percent by gold recovery and sale. The operation will continue to be a silver refinery, but will benefit from significant gold by-product credits. Palladium, copper, and tin are also being recovered in measurable amounts.

2. Copper contained in the e-scrap improves total silver recovery from Itronics' silver concentrates that are produced by recovery from photographic liquids. The silver recovery improvement is economically significant and will expand silver sales.

3. Virtually all of the gold and palladium contained in the e-scrap is being recovered into the bullion, a significant economic benefit which is expected to increase sales by 20 to 30 percent. The modified refining chemistry is very efficient at recovering the gold and palladium into the bullion so that only very minor amounts of these metals are left in the copper and silver bearing glass that will be sold to copper smelters.

4. The circuit board base material is mainly fiberglass that has been impregnated by organic fire-proofing compounds which contain significant heat energy:

a. Our high tech modifications to the melting furnaces improved the energy efficiency of the furnaces so that they are able to use the energy content of the ground up circuit boards to reduce the energy costs of the melting process by about 50 percent. Capturing this "green energy" is very important and the 50 percent reduction in energy cost per melt is a significant contribution to profitability.

b. The mineral content of the fiberglass is now being successfully used as replacement flux, substituting for virgin flux materials that would normally be purchased from outside suppliers. The savings from the mineral flux material in the circuit boards is also a significant contribution to process profitability.

5. The Company has invented, developed, and tested a complex proprietary computer program that is able to use the measured composition of several different raw materials, including e-scrap, plus fluxes to formulate and produce a new chemical composition of glass that is able to reject all of the base and precious metals recovered from the e-scrap into the silver bullion, except for a very small amount of silver and copper which remains in the copper-silver glass. The glass also has excellent fluidity at temperatures above 2000 degrees Fahrenheit, a desirable characteristic for metal recovery. The Company's plan is to sell this glass to a copper smelter. Revenue from the sale of this copper-silver glass is expected to further improve the profitability of the operation.

Production of a formulated glass slag sets the stage for future production of glass tile as another value-added product whose formulation would use raw materials sourced from two additional large volume industrial waste streams generated by certain large scale industries. This new tile manufacturing possibility is another "Zero Waste" technology in Itronics' portfolio of "Zero Waste" technologies for future development. The Company has already demonstrated in laboratory testing that its new KAM-Thio leaching technology is able to completely remove the silver from the glass. In addition, the Company has also demonstrated through proto-type development that the glass can be used as an ingredient in making glass tile. The current plan is to sell the copper-silver bearing glass slag to a copper smelter, but the Company believes that as it expands and becomes financially stronger, development of tile manufacturing may become economically attractive.

Itronics is aggressively advancing development of its portfolio of integrated "Zero Waste" technologies, which now includes the "break-through" e-scrap recycling technology, to establish non-seasonal sales and to diversify sales by expanding the number of metals being sold. Base and precious metals prices are expected to continue to increase, so adding gold, palladium, and copper to the sales mix will expand and stabilize revenues as the silver refining operation is expanded.

About Itronics

Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Green Technology" Company which produces GOLD'n GRO specialty liquid fertilizers, silver bullion, and silver-bearing glass. It owns a large Iron Oxide Copper Gold (IOCG) mineral property (the Auric Fulstone Project) in the prolific Yerington Copper Mining District in northwestern Nevada. Within the Auric Fulstone project area, the Company has discovered surface high grade zinc, lead, and silver mineralization that contain anomalous molybdenum in a large area that is geochemically anomalous for zinc. It has also discovered high grade copper mineralization that contains anomalous gold and molybdenum in a separate area that is anomalous for copper. The Company's goal is to achieve profitable clean 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.

Through its subsidiary, Itronics Metallurgical, Inc., Itronics is the only company with a fully permitted "Beneficial Use Photochemical, Silver, and Water Recycling" plant in the United States that converts 100 percent of the spent photoliquids into GOLD'n GRO liquid fertilizers, silver bullion, and silver bearing glass. This is internationally recognized award winning "Zero Waste" Technology. The Company is developing a portfolio of environmentally compatible "Zero waste" processing and mining technologies. Itronics has received numerous domestic and international awards that recognize its ability to successfully use chemical science and engineering to create and implement new environmentally clean recycling and fertilizer technologies.

The Company's environmentally friendly award winning GOLD'n GRO liquid fertilizers, which are extensively used in agriculture, are 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&field-brandtextbin=GOLD%27n+GRO&node=2972638011

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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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Recent News (archives)

07/20/17 - Itronics Reports 2017 First Quarter Total Revenues and Updates Operations Expansion and Diversification Progress

07/11/17 - Itronics GOLD'n GRO Fertilizer Sales up 35 Percent in Second Quarter

06/22/17 - Itronics GOLD’n GRO Fertlizer Sales Up 23 percent in January-May 2017

06/20/17 - Dr. John Whitney, Itronics President, To Speak at Colorado School of Mines on Recycling Metals from Industrial Waste

06/06/17 - KOLO8 NEWS - Made in Nevada: Itronics

05/26/17 - Itronics Recycling Computer Boards- MoneyTV with Donald Baillargeon

05/23/17 - Itronics Expands Silver Bullion Production Using E-scrap

05/02/17 - Itronics Updates Breakthrough E-Scrap Recycling Progress

03/30/17 - Itronics Reports 2016 Sales and Updates Operations Expansion and Diversification Progress

03/16/17 - Itronics Announces Stable, Long Term Storage Breakthrough for GOLD'n GRO Micronutrient Fertilizers

03/14/17 - Itronics' Early 2017 GOLD'n GRO Fertilizer Orders up 54 Percent

03/12/17 - MoneyTV with Donald Baillargeon - John Whitney, Ph.D., CEO

01/17/17 - Itronics Ships Silver Bullion Produced by "Break-Through" Technology in E-Scrap Refining

12/13/16 - Itronics Reports 2016 Third Quarter Sales up 13 Percent

11/15/16 - Itronics Develops Breakthrough Technology That Separates Copper and Silver Recovered by New E-Waste Refining Process

11/07/16 - Reno-based Itronics scales up leach reactor plant

11/07/16 - Itronics completes installation of scale-up of its Pilot Leach plant

11/01/16 - Itronics Completes Installation of a Five Times Scale up of Its Pilot Leach Plant

10/24/16 - Itronics Third Quarter 2016 GOLD'n GRO Fertilizer Sales up 17 Percent

09/15/16 - Itronics July-August 2016 GOLD'n GRO Fertilizer Sales Up 62 Percent

09/13/16 - Itronics Reports 2016 First Half Total Revenues and Updates Operations Expansion and Diversification Progress

08/09/16 - Itronics Completing Five Times Scale Up of Its Pilot Plant, Producing Silver Concentrates for Refining and Raw Materials for GOLD'n GRO Fertilizer

08/02/16 - Itronics Now Producing Elemental Sulfur, a New Product

07/26/16 - Rising Metals Values Pull Minerals Producer Into E-Scrap Refining

07/21/16 - Silver lining > Dr. John Whitney is the inventor of a fertilizer made from recycled materials

07/15/16 - Itronics Starts Silver Refining Campaign to Measure Recovery of Gold and Palladium From E-Scrap

07/08/16 - Upticknewswire - Itronics Inc. John W. Whitney

07/08/16 - Investor Town Hall - Itronics, Inc - CEO Dr. John A. Whitney

07/07/16 - Itronics Publishes 2016 Corporate Profile

06/14/16 - Itronics Completes E-Waste Grinder Installation; E-Waste Can Be Profitable Venture

06/10/16 - Dr. John W. Whitney on MoneyTV with Donald Baillargeon

05/20/16 -  WallStreet Research Featured Company: Itronics Inc.

04/28/16 - Dr. John W. Whitney on MoneyTV with Donald Baillargeon

04/19/16 - Itronics Reports 2016 First Quarter Total Revenues and Updates Operations Expansion and Diversification Progress

04/07/16 - Itronics updates operation results, reports 2015 sales (Reno Gazette-Journal)

03/31/16 - Dr. John W. Whitney on MoneyTV with Donald Baillargeon

01/20/16 - Itronics Updates Operation Results and Reports Full Year 2015 Sales

01/07/16 - Itronics' 2015 Fourth Quarter GOLD'n GRO Fertilizer Sales Increased 26 Percent; Full Year Fertilizer Sales up

12/08/15 - Itronics Obtains Funding for Installation and Start up of a New Leach Reactor System

11/19/15 - Itronics Updates Operation Results; Reports Nine Month 2015 Sales

11/12/15 - Itronics Completes Installation and Start Up of New Glass Slag Crusher and Crushed Glass Screening Machine in Its Silver Refinery

10/29/15 - Itronics Reports First Nine Months 2015 GOLD'n GRO Fertilizer Sales Volume Increase; Revenues Down Slightly

10/27/15 - Itronics Wins Manufacturing Excellence Award

10/06/15 - Itronics Ships First Silver Produced by Its New Refining Technology



 

 


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