RENO, NV , Dec. 29, 2020 /PRNewswire/ -- Itronics Inc. (OTC: ITRO), an emerging 'Cleantech Materials' growth Company that manufactures GOLD'n GRO Multi-Nutrient Fertilizers and produces silver, zinc, and critical minerals recovered from industrial and mining waste, today reported its 2020 silver sales were up 224 percent over the prior year.
Full year 2020 silver sales are $141,500 compared to $43,700 in 2019. The increase includes results from sales of silver bullion, silver-bearing glass, and silver-bearing x-ray film. The proceeds from silver bullion sales include the value of gold and copper recovered from discarded printed circuit board assemblies.
"In early January we forecasted a sgnificant increase in full year silver sales," said Dr. John Whitney , Itronics President. "This year we were able to continue to improve the efficiency and reliability of our 'Breakthrough' pilot scale printed circuit board refining operation despite Covid-19. Silver, gold, and copper prices increased significantly this year which also helped our results."
Itronics is forecasting that its silver sales will increase further in 2021 due to a full year of sales at the current price levels and to per melt yield improvements in the pilot scale refining furnace operations. Significant per melt yield increase was achieved in 2020. This yield improvement will benefit the full year 2021 production and may increase further due to operating improvements that are now being optimized.
Itronics' Breakthrough pilot scale printed circuit board refining operation is producing the silver bullion and silver-bearing glass and is an emerging Zero Waste Energy Saving Technology. Unlike other existing printed circuit board refining technology, Itronics Breakthrough refining technology accomplishes complete printed circuit board utilization. All the printed circuit board assemblies and other feed materials to the process are converted to silver bullion and silver-bearing glass which are being sold. The conversion to silver bullion and silver-bearing glass completely eliminates the printed circuit board assembly waste from the environment. All the metals contained on the printed circuit boards are captured. All the energy content of the printed circuit boards is converted to useable heat energy. The heat energy is 'green energy' and reduces the energy cost of refining by about 50 percent.
About Itronics
Headquartered in Reno, Nevada , Itronics Inc. is a "Creative Clean Technology" Company which produces GOLD'n GRO Multi-Nutrient liquid fertilizers, silver bullion, and silver-bearing glass. The Company's goal is to achieve profitable clean technology driven organic growth in specialty GOLD'n GRO Multi-Nutrient fertilizers, silver, copper, tin, 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 Multi-Nutrient 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 at 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.)
Contact:
Paul Knopick
888-795-6336
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SOURCE Itronics (ITRO)