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Itronics Inc. (OTC: ITRO) reported a 34% increase in total revenues for 2022, reaching $2,089,780, compared to $1,559,109 in 2021. The company's GOLD'n GRO fertilizer sales also rose by 33.2% to $2,016,363 despite drought conditions in California that affected farmers' water access. The company plans to expand its GOLD'n GRO sales into nursery markets, potentially reducing seasonal revenue impacts.
In addition, Itronics is progressing in its Rock Kleen testing program with plans for a Phase 2 program and has successfully tested recovering iron from tailings. The company has refinanced its manufacturing facility debt favorably and is working toward acquiring the Wabuska property by September 2023. Itronics aims to complete its financial audit by mid-year 2023.
Itronics Inc. (OTC:ITRO) announced the receipt of a confidential valuation report for its intellectual property from Fallingst Technologies LLC. The report aims to assist in securing non-dilutive financing opportunities through IP asset valuation. Dr. John Whitney, President of Itronics, stated that the valuation process has concluded, and they are now working on a funding project utilizing the IP valuation as collateral. This initiative is part of their strategy to enhance the value of their business, which focuses on 'Zero Waste Energy Saving Technologies' and aims to accelerate the company's pathway to profitability.
Itronics Inc. (OTC: ITRO) announced on November 1, 2022, successful recovery of gold from mine tailings using its Rock Kleen technology. This method enhances gold and silver recovery during processing, presenting a valuable opportunity amidst rising gold prices due to inflation. The technology not only improves recovery rates but also mitigates environmental risks by reducing residual cyanide levels to below drinking water limits. Dr. John Whitney emphasized the potential for increased profitability and thanked investors for their support.
Itronics Inc. (OTC:ITRO) announced its innovative Rock Kleen Technology, aimed at addressing abandoned mines under President Biden's infrastructure plan. This technology aims to recover valuable minerals like gold, silver, and critical battery minerals from mining waste, while neutralizing cyanide residues, thereby supporting environmental cleanup. A recent test program by its subsidiary successfully recovered nickel and zinc from heap leach tailings. Itronics plans to share its findings with state officials and environmental groups to promote sustainable mining practices.
Itronics Inc. (OTC:ITRO) announced its innovative Rock Kleen Technology, which aims to assist in cleaning up abandoned mines as part of President Biden's infrastructure plan. This technology not only recovers valuable metals like gold, silver, and battery minerals but also neutralizes residual cyanide, turning environmental challenges into opportunities. The company's subsidiary, Whitney & Whitney, successfully completed tests recovering critical minerals from heap leach tailings. Itronics plans to share these advancements with relevant state officials and environmental groups.
Itronics Inc. (OTC: ITRO) reported a 6% increase in total revenues for the first half of 2020, totaling $1,379,564 compared to $1,307,086 in 2019. The GOLD'n GRO Multi-Nutrient Fertilizer sales rose to $1,282,915, while silver sales surged by 150% to $69,594. The company aims to expand its fertilizer sales despite COVID-19 challenges. New initiatives include the launch of Rock Kleen Technology and a focus on joint ventures for their gold project. The long-term goal is to grow annual sales from $2 million in 2019 to $113 million by 2025.