ITRONICS
BEGINS PLANNING FOR ROCK KLEEN PROJECT TO DEMONSTRATE SILVER, GOLD,
COPPER, AND IRON RECOVERY TECHNOLOGY
Huge Environmental Benefits; Benefits for Mining
Industry
RENO,
NV -- March
16, 2021 --
InvestorsHub NewsWire -- Itronics Inc. (OTC:ITRO),
an emerging
"Cleantech Materials" growth Company that manufactures GOLD'n GRO
Multi-Nutrient Fertilizers and produces silver, gold, zinc, and critical minerals
recovered from industrial and mining waste, today reported it has initiated
planning for a Rock Kleen processing project to demonstrate the
revolutionary technology for recovering silver, gold, copper, iron,
and industrial minerals from mine tailings.
The
global potential for Rock Kleen is to transform mining to an
industry that provides benefits to the world by maximizing mineral
sustainability without producing waste thereby providing
significant positive benefits to the environment for the long-term
future. One
estimate is that the amount of mine tailings in the world would
cover the nation of Ireland completely to a depth of two
meters.
Itronics and its
subsidiaries are positioned to answer the call to increase
environmentally sustainable mineral use. Under the Rock Kleen
processing concept, all the rock is processed to
convert its components to commercial use thereby maximizing
sustainability and eliminating the waste from the
environment. With this news release,
the Company is
presenting to shareholders
its preliminary
plan for demonstrating the technology while beginning the planning
for development of the Itronics Cleantech Materials Campus at
its 48-acre property north of Yerington,
Nevada.
"The new
technology has the potential to 'unlock'
an
enormous amount of value from mine waste that presently
either has zero value or a
negative value due to environmental protection requirements," said
Dr. John Whitney, Itronics President. "We expect that this
potential economic benefit will be quantified by
our
demonstration
projects."
The
projects'
major objective is
to create the first Rock Kleen Processing Facility to serve as a
testing platform and operating unit to evaluate and demonstrate the
revolutionary technology on a meaningful operating scale. A
secondary objective is to generate clean construction materials for
use in developing the Itronics Cleantech Materials Campus and raw
materials for use in manufacturing our GOLD'n GRO fertilizers.
The demonstration plant would be configured so that changes and
modifications demonstrated as being desirable by small scale
operation can easily be made. The ultimate arrangement of the
process equipment would be made so that tailings materials from
various locations could be brought in for pilot testing prior to
commercial scale development at the sites where the tailings are
located.
The need for a
demonstration plant has been pointed out by members of the mining
community that have tailings that may be candidates for application
of the Rock Kleen Technology. The technology is proprietary
to Itronics and it has not been demonstrated on a pilot or small
plant scale for actual application to process mine
tailings. One purpose of the
demonstration plant is to validate the economic robustness of
potential projects that the internal economic modelling is
showing. The economic modelling
is based on actual medium scale laboratory test results, and
knowledge of how the chemistry works based on Itronics' more than
30 years experience working with various facets of the chemistry
combined with more than 30 years of processing experience, 15 years
of manufacturing
experience and
about 15 years of experience specific to the leaching processes
gained by developing technologies that will be used in the
process.
The project concept
is that, at the beginning, the demonstration plant can be utilized
to respond to the need for small scale demonstration, while
producing industrial minerals for use to support construction
requirements for Itronics, and materials used in manufacturing the GOLD'n GRO
fertilizers. Planning for the Cleantech Materials Campus
development is being initiated simultaneous with planning for the
demonstration plant which would be located at the Cleantech
Materials Campus. The Company believes that taking this
approach will expedite development of the Cleantech Materials
Campus while also moving the Rock Kleen technology forward
rapidly. The Cleantech Materials
Campus will be the location of expanded GOLD'n GRO fertilizer
production and Printed Circuit Board Assembly refining which are
integral to Itronics growth.
Itronics controls a
tailings pile that is a suitable candidate for use to demonstrate
the Rock Kleen Technology on a continuous operating
basis. Itronics, through its
subsidiary Auric Gold & Minerals, Inc., controls the Fulstone
Polymetallic
Gold Exploration Project (Auric Fulstone) which is adjacent to the former
operating Minnesota Mine. The Minnesota Mine
started as a copper
mine but was commercially operated as an iron mine from the late
1940's through the early 1960's. Some of the tailings and
some of the mining waste generated by the iron mining operation are
located on the Auric Fulstone mining claims and are
now under the control of Auric Gold & Minerals.
Historical reports indicate that the tailings contain iron, copper,
and silver making them a prime candidate for processing using
the Rock Kleen Technology.
The
Auric
Fulstone project is
about 15 miles by paved road from the Cleantech Materials Campus,
making this an economical truck haul from Auric Fulstone.
Thus,
the tailings
materials are within a convenient haul distance from the campus and
will become a major asset for the Company. Auric Gold &
Minerals will define a measured mineral inventory
that can be sold as feed material for Rock Kleen processing.
Creating a revenue stream for Auric Gold & Minerals will enable
it to cover its land holding costs, and possibly cover modest
exploration expenditures.
Itronics Technical
and Administrative
Services
subsidiary, Whitney & Whitney, Inc. will be leading the project
development effort beginning with the planning and engineering, to
be followed by construction and early-stage operation. Whitney &
Whitney has preliminary confirmation
that the tailings
on the claims can be removed for process development following U.S.
Bureau of Land Management regulations. Whitney & Whitney
has already taken two tailings samples which are being prepared for
measurement and characterization. As planning and work budget is being
developed, so that the Company can start working on obtaining
funding for this new development.
The
Rock Kleen demonstration project is expected to
show how
the production of the various metal and mineral products recovered
from the tailings materials will be accomplished. Rock Kleen
operations have the potential to provide a whole new source of raw
materials, not only to supply the metal industries, but also
certain nutrient raw materials for the fertilizer industry, and
industrial mineral materials for many industries including the
Construction and Ceramics industries and industries that use
mineral fillers. Ultimately, by adding many additional
Rock Kleen projects, existing mines and tailings from previously
operating mines will be the source of these new raw
materials, reducing the need
for mining
companies
to build
as many new mines in the future.
"Whitney &
Whitney has been focused on the development of Rock Kleen, working
with two mining companies to demonstrate the effectiveness of the
technology on a medium scale laboratory test basis" stated John
Key, Whitney & Whitney Vice President, Projects. "Processing
tailings available on the Auric Fulstone claims will allow for
the development of operating parameters for full scale operations
while providing Itronics Metallurgical, Inc. sufficient concentrate to
develop final products for use in fertilizer production, printed
circuit board refining and for the sales to the Construction and
Ceramics industries. This is a major step for Rock
Kleen to open the door to full scale
commercial use."
About Itronics
Headquartered in
Reno, Nevada, Itronics Inc. is a "Zero Waste Energy Saving
Technology" Company which produces GOLD'n GRO specialty liquid
fertilizers, silver bullion, and silver-bearing glass. The Company
is an emerging "critical minerals" producer. The Company's
goal is to achieve profitable cleantech materials technology driven
organic growth in specialty GOLD'n GRO fertilizers, silver, zinc,
and critical minerals. The Company's technologies maximize
the recovery and uses of metals and minerals and by doing this
maximize sustainability.
The Company's growth forecast
centers upon its 10-year business plan designed to integrate its
Zero Waste Energy Saving Technologies and to grow annual sales from
$2 million in 2019, to $140 million in 2025.
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.
Follow Itronics on
Facebook: https://www.facebook.com/itronicsinc
Follow Itronics on
Twitter: https://twitter.com/itronicsinc
* * * * * * * * * *
VISIT OUR WEB SITE:
http://www.itronics.com
("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
Itronics (CE) (USOTC:ITRO)
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