RENO, Nev., June 17, 2021 / PRNewswire / – Itronics Inc. (OTC: ITRO), an emerging and growing “clean technology materials” company that manufactures GOLD’n GRO multi-nutrient fertilizers and produces silver, zinc and critical minerals and battery recovered from industrial and mining waste, today announced that it has continued to adjust its planning to transform Itronics into a fully integrated clean materials company whose future growth is expected to be strongly driven by new Rock Kleen technology. she introduces.
After carefully studying the results of tests performed on silver / gold mine tailings, Itronics recognized that Rock Kleen technology is capable of recovering metals, minerals and nutrients from tailings generated by different types of mines. . These now include silver / gold mines, copper mines, and some iron mines. These mines often have geochemical and mineralogical similarities and are often in similar rock types.
Itronics’ subsidiary, Auric Gold & Minerals, owns an iron tailings repository on the Auric Fulstone claim block adjacent to the former Minnesota iron mine in the Yerington mining district of Nevada. Preliminary analysis of two indicative iron tailings samples by an independent laboratory indicates the presence of valuable minerals which, if recoverable, would become a valuable tailings resource for Itronics. The Company has made the decision to sell these Auric controlled tailings for use as feed materials for the proposed Itronics Rock Kleen pilot plant. The sale of these tailings after the Rock Kleen processing will generate revenue for the Itronics pilot plant and for Auric Gold & Minerals through the sale of various recovered metals, industrial minerals and construction materials. The tailings have not yet been measured, but the amount should be quite large since they were generated by the iron extraction that took place between 1945 and 1965.
Itronics operated as a holding company with two wholly owned subsidiaries, Itronics Metallurgical, Inc. and Whitney & Whitney, Inc. Itronics Metallurgical, Inc. manufactures the award winning line of GOLD’n GRO chelated liquid multi-nutrient fertilizers, produces silver bullion by refining discarded printed circuit board (PCBA) assemblies, and performs company R&D. Whitney & Whitney, Inc. provides technical and administrative services to subsidiaries and leads the development of Rock Kleen technology. Itronics plans to activate Auric Gold & Minerals to become a supplier of tailings from the Itronics Rock Kleen pilot plant. With this addition to its business plan, Itronics will become a fully integrated operating company that will use its pilot plant to demonstrate that Rock Kleen processing technology can be used to profitably transform its own tailings into salable products. Itronics will monetize the residues by turning their content into cash through the sale of products. The Company expects this to become a profitable operation.
Itronics has developed its portfolio of zero waste energy saving technologies over the past 30 years. Itronics’ technological advancements have been recognized with numerous international clean technology awards. Itronics is also recognized for advancing the circular economy through its technologies that produce a cleaner environment and maximize sustainability. Itronics’ technologies clean up the environment and maximize sustainability by treating waste and converting 100% of those materials into salable products. These are energy saving technologies because 100% reuse also saves a significant amount of energy. Itronics believes that its technology portfolio meets the objectives of the growing ESG investment segment, which is emerging as a new investment force in the world.
Rock Kleen is a revolutionary technology that has the potential to be one of the greatest breakthroughs in tailings recovery processing. Billions of tonnes of tailings are produced each year around the world. Rock Kleen technology creates a business opportunity to profitably monetize tailings piles by turning tailings into salable products whose value exceeds the cost of processing. This is achieved by recovering or removing residual cyanide, nitrates and acids, and by recovering residual metals from mine tailings, including precious metals, base metals and ferrous metals, as well as mineral nutrients, industrial minerals and building materials. By targeting the recovery of all minerals contained in the tailings, the Company believes that the value of the tailings will far exceed the value of the materials originally mined. The successful business development of Rock Kleen requires the establishment of a product marketing infrastructure on a significant scale. GOLD’n GRO fertilizers and circuit board refining provide a “Critical Path” marketing infrastructure that makes Rock Kleen possible. Specialty fertilizer markets take years to develop into full scale sales. It is essential to have some of these markets in place before starting Rock Kleen treatment on a commercial scale. Nutrients recovered by specific Rock Kleen operations can be used as raw materials in specific GOLD’n GRO fertilizers for immediate sale once available. Itronics is currently expanding its sales of GOLD’n GRO liquid fertilizers.
Likewise, the refining operations of printed circuit board assemblies are a critical path technology to allow market access for some of the metals that will be recovered by the Rock Kleen process. Materials containing recovered metals will be used as feed materials in the refining process and the metals will be recovered in silver ingots produced by the refining process. It is extremely important that this technology is operational on an appropriate scale before starting Rock Kleen treatment on a commercial scale. Taking this approach ensures that the recovered metals can be sold when the Rock Kleen treatment is initiated. Itronics is currently leveraging its pilot small-scale printed circuit board refining technology and is poised to scale up.
An important objective of the proposed Rock Kleen pilot plant is to demonstrate on a small scale how Rock Kleen technology will work. The pilot plant will also be used to test potential tailings from various mining sites. The plan is to follow the pilot plant with the construction of a demonstration plant that will initially use iron tailings from the Auric Fulstone project as feedstock, but which could be modified to process the copper tailings available in the mining district of Yerington.
The Rock Kleen comprehensive approach to business development that we take is designed to significantly reduce start-up risk and significantly reduce the overall business risk of establishing this breakthrough technology on a commercial scale.
Based at Reno, Nevada, Itronics Inc. is a “zero waste energy saving technology” company that produces specialty GOLD’n GRO liquid fertilizers, silver ingots and glass containing silver. The Company is an emerging producer of “critical minerals”. The Company’s goal is to achieve profitable organic growth driven by clean material technology in GOLD’n GRO Specialty Fertilizers, Silver, Zinc and Critical Minerals. The Company’s technologies maximize the recovery and use of metals and minerals and, in so doing, maximize sustainability.
The company’s growth forecast centers on its 10-year business plan designed to incorporate its zero-waste energy-saving technologies and to increase annual sales of $ 2 million in 2019, at $ 100 million in 2025.
The company’s award-winning GOLD’n GRO liquid fertilizers, which are widely used in agriculture, can be used for lawns and houseplants and are available in the “online store” of the company on Amazon.Com at http://www.amazon.com/s/ref=bl_sr_lawn-garden?ie+UTF8&field-brandtextbin=GOLD%27n+GRO&node+2972638011. Due to increased interest from retail customers, GOLD’n GRO fertilizers can now be purchased in Reno, Nevada at “Buy Nevada First Gift Shop”, 4001 S. Virginia St.
Follow Itronics on Facebook: https://www.facebook.com/itronicsincFollow Itronics on Twitter: https://twitter.com/itronicsinc ; * * * * * * * * * *VISIT OUR WEBSITE:
https://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 growth and profitability of the Company, its growth strategy, liquidity and access to public markets, reduction in operating expenses 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 described in more detail in the documents filed by the Company 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 these statements, or for potential events that may have a retroactive effect. )
SOURCE Itronics Inc.