Miami, FL–(EmergingGrowth.com NewsWire – July 22, 2020) – EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Itronics Inc. (OTC: ITRO).
Just recently, Itronics Inc. (OTC: ITRO) announced that its first six month sales were up six percent. Driven by a GOLD’n GRO fertilizer sales increase of two percent and a 150 percent increase in silver sales. The first six month sales update and operations and technology progress report is under preparation and is expected to be published in August.
There seems to be an anticipation in appreciation in the stock s it just broke the 200 MA on increasing volume.
Itronics (OTC: ITRO) Sits among General Mills, Inc. (NYSE: GIS) & Merck & Co (NYSE: MRK) as Kirkpatrick award winners while it has gained international recognition for developing its zero-waste clean materials technology and has positioned itself strongly for future growth.
Recently Itronics discussed its partially owned subsidiary, the Auric-Fulstone project which has the potential to be a major Nevada epithermal gold system. “Elephant” size deposits in this district would represent 500,000,000 tons of resource, and would generate a mine life 50 years or longer. In combination with the gold and copper possibilities, geochemical tests confirm the presence of silver, zinc, lead, molybdenum, and iron, making Fulstone a true, strategic ‘7-metal’ polymetallic mining project.
The Auric Fulstone Project has the potential to be a major Nevada epithermal gold system combined with an expansive Yerington District copper system. In combination with the gold and copper potential, geochemical tests confirm the strong presence of silver, zinc, lead, molybdenum, and iron. Fulstone represents an extremely strong polymetallic gold exploration target that is ready to drill.
As of 2019, the global fertilizer market was valued at $166 billion and has a projected CAGR of 3.8% through 2025. The global fertilizer market is massive, highly consolidated and has high barriers-to-entry. Some of the industry giants include;
- Israel Chemicals Ltd (NYSE: ICL) specialty agricultural and industrial chemicals, phosphate and potash fertilizers
- Nutrien Ltd. (NYSE: NTR) nitrogen and potash fertilizers and agriculture retail
- Sociedad Quimica Y Mineral de Chile (NYSE: SQM) specialty fertilizers, potassium nitrate, lithium and iodine.
- The Mosaic Company (NYSE: MOS) phosphate and potash fertilizers.
Itronics Market Position
Of the four fertilizer companies listed above, SQM can be viewed as a model for Itronics future. SQM produces specialty fertilizers (like Itronics) and is one of the world’s largest producers of potassium nitrate, a specialty fertilizer, and one of the world’s biggest producers of lithium and iodine. In terms of support and distribution, Nutrien is the exclusive distributor for GOLD’n GRO Multi-nutrient fertilizers in the western United States (mostly California) and the largest fully integrated fertilizer company in the world.
Could the NYSE be the next stop for Itronics?
In addition to the fertilizer market, Itronics Inc. (OTC: ITRO) has developed breakthrough zero waste refining technology to reclaim precious metals from discarded printed circuit boards, including gold, silver, palladium, copper and tin. Using a ground-breaking new process, Itronics first reclaims silver from liquid photographic waste and/or mine tailings, at which point the special chemical makeup of the reclaimed silver enables it to soak-up metals from circuit boards during furnace refining. The reclaimed metals then become ingredients in the company’s bullion.
See the full article on how Itronics is disrupting the global e-waste industry through The Power of Zero here.
Itronics just announced total Revenues for the three months ended March 31, 2020 were $669,021, up 76 percent compared to $380,531, in the same period in 2019. The increase was produced by a 68 percent increase in fertilizer sales and a 298 percent increase in silver sales compared to the prior year period.
The Company believes it is still on a path to more than double sales for the full year 2020, driven by a strong fertilizer marketing program and solid field demonstrations showing improved crop quality and yield. The outlook for silver sales is for a further increase in 2020 due to ongoing pilot scale circuit board refining operations continuing to produce bullion for periodic shipment.
There are key metrics that make this company very attractive:
1 – What’s most telling now is that the stock is moving up to resistance while maintaining an attractive spread. This is a far cry from the 20-30 cents spread we were used to seeing in ITRO. Most importantly, if the stock can break above its .83 resistance, it has room to surpass 90 and then to its previous high of $2.00.
2 – Earnings. The company also recently announced a 48% increase in 2019 sales over the same period 2018.
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.
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 dependent 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.
Dr. John Whitney, President, Itronics Inc. stated… “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”
3 – 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 Energy Savings 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.
4 – Itronics (OTC: ITRO) is classified as a Section 1202, also known as the Small Business Stock Gains Exclusion company. This is a portion of the Internal Revenue Code (IRC) that allows capital gains from select small business stock to be excluded from federal tax. Section 1202 of the IRS Code only applies to qualified small business stock acquired after Sept. 27, 2010, that is held for more than five years.
Headquartered in Reno, Nevada, Itronics Inc. is an emerging Cleantech Growth Company that uses proprietary multi-nutrient fertilizer manufacturing technologies to produce GOLD’n GRO multi-nutrient fertilizers and breakthrough Zero Waste Technologies to recover fertilizer ingredients, silver bullion, and silver-bearing glass from waste streams that contain silver, gold, copper, zinc, tin, and other metals. The Company’s goal is to achieve profitable green 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.
The Company’s environmentally friendly award winning GOLD’n GRO liquid fertilizers, which are extensively used in agriculture, can be used for lawns and houseplants, and are available at the Company’s “e-store” on Amazon.Com – Click here, or the image above.
Due to expanded retail customer interest, GOLD’n GRO fertilizer may now be purchased in Reno, Nevada at “Buy Nevada First Gift Shop”, 4001 S. Virginia St.
Follow Itronics on Facebook: https://www.facebook.com/itronicsinc
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(“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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