Diversified zinc fertilizer and silver producing green technology company Itronics (OTC: ITRO) recently announced it has commenced silver bullion production using e-scrap as a cost-reducing, precious metal-bearing raw material. E-scrap, which is ground-up computer circuit boards, is plentifully available and, therefore, offers a prime resource and an exceptional opportunity for the expansion of the company’s breakthrough recovery operation.
The bullion sales resulting from Itronics’ pioneering extraction process are anticipated to begin generating revenue for the company early in the third quarter of 2017. This new revenue stream will come online just as seasonal fertilizer sales start declining for the year.
Itronics is the creator and operator of a vertically integrated silver-bearing photoliquid recycling business that specializes in manufacturing specialty chelated liquid fertilizers, which are sold under the GOLD’n GRO brand, as well as pure silver bullion and silver-bearing glass. In essence, the company takes one of the most toxic liquid waste products produced in the United States and transforms virtually every bit of it into usable products. Sales of the environmentally beneficial GOLD’n GRO fertilizer are exceeding expectations, and this new revenue stream from silver bullion will bring yet another addition to Itronics’ revenues in the second half of 2017.
Using one of its large furnaces, the company has completed more than 20 test melts, which generated a portion of the silver bullion shipped by Itronics earlier this year and has since produce several hundred ounces more that have not yet been shipped. Because of the success of these test melts, Itronics has begun operating its second large melting furnace, as well. Both furnaces are currently in operation now, and the company is establishing an operating schedule for its bullion production, with current silver bullion production at an estimated 1,500 troy ounces per month.
The company continues to optimize its process and identify and implement potential furnace operation improvements on its way toward continual operation. Itronics tripled its “per melt” production between January and mid-April 2017, going from 500 ounces per month to 1,500. It is the company’s belief that further improvements in the coming several months could even further increase these “per melt” recoveries by as much as 50 percent. According to the Itronics bullion sales agreement, the time elapse from shipment to payment is about 60 days. Silver bullion shipped by the company during the second quarter of 2017 will be reported in Itronics’ third-quarter sales results.
It is anticipated that this new “zero waste” technology of using e-scrap as raw material will substantially increase both the profitability of Itronics’ silver recovery operation and the company’s revenues. Because of the cost-reducing attributes of this breakthrough recovery technology, Itronics’ silver bullion production segment may prove to be the stable, non-seasonal cash flow-generating revenue stream the company has been looking for. As the silver recovery operation grows, the addition of gold, palladium and copper will even further expand and stabilize revenues for Itronics.
For more information about the company, visit www.itronics.com.