RENO, Nevada, March 17, 2020 /PRNewswire/ -- Itronics Inc. (OTC: ITRO), an emerging "Clean Tech Materials" growth Company that produces GOLD'n GRO Multi-Nutrient Fertilizers and Silver, is releasing today the Company's growth forecast and 10-year business plan that is designed to integrate the Itronics developed "Zero Waste Energy Saving Technologies" into a unified operation with three business lines. Annual revenues for Itronics combined business lines potentially exceeds $70 million by 2025. Each business line has potential for sustained growth.
Itronics "Clean Tech Materials" research and development has made possible the three inter-linked business lines that; (1) take existing waste materials and produce Multi-Nutrient Fertilizers, (2) recover precious and base metals producing silver bullion and silver bearing glass, and (3) cleans mine tailings to recover residual metals for refining and sale, and to produce Industrial Minerals.
Significant growth is planned over the next five (5) years that will transform Itronics into a major nationwide supplier of Multi-Nutrient Fertilizers; the largest printed circuit board refiner in the western U.S. producing silver and other metals; and an Industrial Minerals producer. The second five (5) years of the 10-year business plan is based upon continuous operations, although all plant design is being completed with anticipation of further growth and expansion. Utilization of the "Clean Tech Materials" technologies developed by Itronics in three integrated business lines creates a solid foundation for long term profitable growth based on material and energy cost savings realized by utilizing waste materials as feed streams.
"Itronics is clearly focused on utilizing our scalable Zero Waste Energy Saving Technologies to grow the Company to be an industry leader in 'Clean Tech Materials'. Integrating our technology into three growth business lines that utilizes waste materials as feed stock provides the opportunity for Itronics to be a leader in profitable sustainable development," stated Dr. John Whitney, Itronics President. "This growth forecast and 10-year business plan sets the foundation and is a picture of the business potential based upon Itronics' scalable technologies."
Itronics "Clean Tech Materials" research and development has made possible the three inter-linked business lines that are described in more detail here.
"Many years of successful research and development in scalable Zero Waste Energy Saving Technology has opened the doors to new emerging profitable growth opportunities for Itronics," said Dr. John Whitney, Itronics President. "Itronics is entering an exciting period of major growth and the 'Itronics Clean Tech Materials Campus' is the future location for expanding the three major lines of business. Itronics is now poised to be a 'Clean Tech Materials' leader in three expanding markets utilizing Itronics Zero Waste Energy Saving Technologies. Access to major capital funding will be needed to support the forecasted revenue growth. This growth forecast is based on our recently completed 10-year business plan. Successful implementation of this plan is expected to provide major benefits to the Itronics shareholders and other stakeholders who have continued to support our Zero Waste Energy Saving Technology research and development."
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 multi-nutrient 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&field-brandtextbin=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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("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.)
SOURCE Itronics Inc.