Miami, FL–(EmergingGrowth.com NewsWire – January 23, 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).
RENO, Nevada, Jan. 29, 2020 /PRNewswire/ — Itronics Inc. (OTC: ITRO), an emerging “Clean Tech Materials” growth Company that produces GOLD’n GRO Multi-Nutrient Fertilizers and Silver, reported today that its forecasted first quarter 2020 silver sales are expected to be up more than 400 percent in the first quarter compared to first quarter 2019 and double the entire 2019 silver sales.
First quarter silver sales are forecasted to approach $90,000, a more than 400 percent increase over the first quarter 2019. Silver sales in 2019 totaled $43,700.
The increase in the first quarter is due to settlement of a November 2019 silver bullion shipment and a December 2019 silver-bearing glass shipment. Preliminary settlement results have been received and are the basis for this revised forecast.
“In early January, we forecasted an increase of 100 percent in first quarter silver sales,” said Dr. John Whitney, Itronics President. “The measured silver content of the bullion is higher than forecasted and the silver content of the glass is also higher. The December glass shipment included material from refining melts that failed during the development work in 2017 and 2018, which generated the unexpectedly high silver results. Melt failures were eliminated in 2019. The increase in silver in the bullion is a direct result of process optimization which is on-going and is continuing to increase the silver content of the bullion.”
Itronics is forecasting that it will make two or three bullion shipments in 2020 and another smaller glass shipment may also be made. These forecasted shipments will further increase full year sales. Silver and gold prices are continuing to increase and are expected to add to 2020 results.
Itronics’ breakthrough pilot scale circuit board refining operation is producing the silver bullion and silver-bearing glass and is an emerging Zero Waste Technology. All of the circuit boards and other feed materials to the process are converted to silver bullion and silver-bearing glass, thereby completely eliminating the circuit board waste from the environment. The increased silver production is a result of dramatic improvements in pilot plant operating efficiencies which are continuing as operating experience is gained.
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 ensure 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.comat http://www.amazon.com/s/ref=bl_sr_lawn-garden?ie+UTF8&field-brandtextbin=GOLD%27n+GRO&node+2972638011. 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.
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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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SOURCE Itronics Inc.
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