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Itronics announced that its newest fertilizer has been approved for sale in the state of California, the Company's most established market. According to that story, its newest fertilizer, GOLD'n GRO 9-0-0 Iron Man Z, contains chelated iron, zinc, Manganese and sulfur, which make up some of the ingredients Itronics will recover through its silver refinery expansion.
The fact that early-on Itronics has moved through the otherwise lengthy approval process to market new liquid fertilizers that will use ingredients produced as a byproduct of its expanded silver refining process gives the Company a head start on the market.
The silver refinery expansion incorporates two new leaching processes, Itromet FeLix and Itromet Sulix, which provide the ability to separate nutrient metals and minerals (iron, zinc, and sulfur) from silver- and gold-bearing solids, which as a byproduct are to be used in manufacturing new lines of GOLD n'GRO fertilizers. Iron Man Z is the first of several new products Itronics will be introducing into the marketplace.
The volume of nutrient metals produced will have a noticeable impact on reducing the costs of raw materials needed to manufacture its line of GOLD n'GRO liquid fertilizers while increasing silver production by over $3.6 million. The Company also said it would be able to recycle steel wool recovery cartridges used in the photo industry, dramatically increasing the source of silver-bearing materials -- and the nutrient metals needed to manufacture fertilizer.
The impact of Thursday's announcement by Itronics was not overlooked by investors who pushed the Company's shares to new high for the year.
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SOURCE: AXcess News
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