RENO, Nevada, July 7, 2020 /PRNewswire/ -- Itronics Inc. ITRO, an emerging "Cleantech Materials" growth Company that manufactures GOLD'n GRO Multi-Nutrient Fertilizers and produces Silver, reported today 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.
"The sales growth achieved in the first half is positive given the negative impacts of the Covid-19 shut downs of schools and restaurants that negatively affected the California farm economy in April and May," said Dr. John Whitney, Itronics President. "GOLD'n GRO fertilizer sales were down significantly in April and May but increased by 24 percent in June compared to 2019, providing a positive end to the year's first six months."
The GOLD'n GRO sales team is introducing some exciting new field applications for the fertilizers that are driving our expansion plan which has been slowed but is firmly on track. Also during the quarter, the Company developed an initial GOLD'n GRO copper micronutrient formulation which is now being field tested for use on strawberries. If this testing is successful, Itronics plans to register the copper fertilizer for commercial sale initially in Nevada and California.
A silver bullion shipment which settled in early July will be reported in the third quarter. The pilot scale computer circuit board refining operation is operating reliably. Metal recovery optimization is underway and is improving bullion silver and gold content while at the same time improving furnace efficiency and reducing the unit cost of metals being recovered.
Recently Itronics announced that it plans to resume experimental recovery of pure copper and possibly tin from the silver bullion which will further increase the silver and gold content of the bullion being shipped for sale. The Company recently acquired several commercial electrowinning cells which it plans to use for recovering pure metals at the Itronics Cleantech Materials Campus which it is planning for development at its 48-acre Wabuska site north of Yerington, Nevada.
About Itronics
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 multinutrient 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 at http://www.amazon.com/s/ref=bl_sr_lawn-garden?ie+UTF8&fieldbrandtextbin=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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VISIT OUR WEB SITE: http://www.itronics.com
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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
SOURCE Itronics Inc.
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