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Itronics Makes Silver Refining Process Discovery Increasing per Melt Bullion Recovery by 40 Percent
Profitability Increased for Highly Acclaimed "Green" Process
| Source: Itronics Inc.
RENO, NV--(Marketwire - March 17, 2009) - Itronics Inc. (OTCBB : ITRO ) (FRANKFURT : ITG )
(BERLIN : ITG ) reported today that its wholly-owned subsidiary, Itronics
Metallurgical, Inc., has made a silver refining process discovery that
increases per melt bullion recovery by 40 percent and reduces the per ounce
silver refining cost proportionately. The Company is now implementing the
new process into its refining operation and expects the transition to be
completed this month.
"The new process immediately benefits Itronics by increasing turnover in
silver inventory and by reducing the per ounce refining cost, which
benefits the Company by reducing working capital needed to sustain the
silver refining operation. This new process is expected to materially
improve the profitability of the refining operation going forward," said
Dr. John Whitney, Itronics President.
Silver refining test work that resulted in this new refining process was
begun in the second half of 2008. It is a significant improvement in the
refining chemistry and is achieved by reducing the amount of silver in the
glass/slag and iron matte produced by the refining process.
Itronics Metallurgical also expects that the new refining process will
significantly enhance the profitability of the planned Stage 1 silver
refinery expansion which was discussed in a press release dated February
24, 2009. The silver captured by Itronics is recovered from spent photo
liquids, a highly acclaimed environmentally "Green" and environmentally
beneficial process.
This refining technology discovery completes another step in Itronics'
implementation of its 5-year plan to use internally developed
environmentally green clean technology to produce solid profitable growth.
This focused approach to the development and use of creative new clean
technology has made the vertically integrated "Beneficial Use
Photochemical, Silver, and Water Recycling" technology and the GOLD'n GRO
brand of environmentally friendly fertilizers a success. Itronics
revolutionary technologies create a "Green Consumer Option" for photo and
X-ray processors that continue to use silver halide photo technologies to
make prints and X-rays.
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Clean
Technology" company that produces GOLD'n GRO liquid fertilizers and pure
silver bullion. Itronics, through its subsidiary, Itronics Metallurgical,
Inc. is the only company with a fully permitted "Beneficial Use
Photochemical, Silver, and Water Recycling" plant in the United States that
converts spent photoliquids into pure silver and GOLD'n GRO liquid
fertilizers. The Company is developing environmentally compatible
mining technology, provides project planning and technical services to
the gold mining industry, and operates the popular InsideMetals.com
web site, http://www.insidemetals.com, which provides a value-added WORLD
VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior Gold Stocks,
and Junior Mineral Stocks. Itronics has received numerous domestic and
international awards that recognize its ability to successfully create and
implement new environmentally clean recycling and fertilizer technologies.
The Company's environmentally friendly GOLD'n GRO liquid fertilizers, which
are extensively used in agriculture, can be used for lawns and
houseplants, and are available, along with liquid fertilizer injectors, at
the Company's "e-store" catalog at http://goldngro.com. The popular Silver
Nevada Miner bars are available at the Company's "e-store" catalog at
http://www.itromet.com.
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.)