Itronics (OTC PINK:ITRO) reported continued progress toward the commercial-scale launch of its Zinc Manganese Concentrate (ZMC) critical minerals processing operation and opened a private placement to fund this transition. ZMC is designed to recover manganese, zinc, graphite, and potassium from alkaline battery black mass.
The company is advancing engineering and flow-sheet design to integrate liquid zinc and manganese from ZMC directly into its GOLD'n GRO Multi-Nutrient Liquid Fertilizers, aiming to lower input costs. Itronics targets commencement of commercial-scale ZMC operations in the fourth quarter of 2026, supported by a favorable U.S. federal policy framework for domestic critical minerals.
Itronics (OTC PINK: ITRO) released an updated business plan detailing a vertically integrated model across three units: ZMC critical minerals processing, GOLD'n GRO liquid fertilizers, and Rock Kleen mine tailings processing.
The plan highlights proprietary DES technology to recover manganese dioxide, zinc, graphite, and potassium from alkaline battery scrap and mine tailings, supporting U.S. critical minerals and fertilizer national security priorities. It coincides with the planned launch of commercial-scale ZMC processing, positioning Itronics among few domestic manganese dioxide producers.
Itronics (OTC:ITRO) is transitioning its Reno facility to process alkaline battery black mass, branded as Zinc Manganese Concentrate (ZMC), to recover critical minerals zinc, manganese dioxide, potassium, and carbon. Part of the output feeds GOLD'n GRO fertilizer production, with the remainder sold as standalone critical mineral products.
Itronics has begun pilot manganese dioxide production, secured ZMC feedstock from two recyclers, targets an initial 2,000-tons-per-year processing rate, and is shifting GOLD'n GRO to a vertically integrated, non-exclusive distribution model across domestic and international agricultural markets.
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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.