Itronics Positioned to Benefit From Historic High and Rising Gold Prices

RENO, NV, April 04, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Itronics Inc. (“Itronics” or the “Company”) (OTC:ITRO), the Cleantech “Zero Waste Energy Saving” Technology company that produces GOLD’n GRO fertilizers and silver, today communicated to its investors why historically high and rising gold prices will benefit the Company.     

Gold, silver, and other precious metals have made a sustained push toward historically high prices over the last several months. These increases in price include gold prices that have soared to well over $2,000 per troy ounce, and silver prices that have risen to levels well above $25 per troy ounce. Based on current market conditions, all indications point toward the current increase in prices continuing for the foreseeable future.

This makes Companies that are developing novel technologies to improve metal recovery incredibly important, so that the additional value as a result of the historically high prices can be fully realized. Itronics believes that the technologies it has been developing can provide investors exposure to increased metals prices through its positioning as a critical part of the equation: being the Company that possesses technology that can recover and generate the most value.

Historically, Itronics, through its wholly-owned technical services subsidiary Whitney & Whitney, Inc., has been instrumental in developing heap leach gold/silver mining technologies dating back to the late 1970s and 1980s, utilizing cyanide chemistry for metal recovery. The Company has since evolved, focusing on silver recovery methods without the use of cyanide and more recently branching into non-cyanide based gold recovery technologies.

Itronics is currently engaged in three significant technology areas enhancing non-cyanide gold recovery, alongside a technique to improve cyanide-based heap leach gold recovery processes. The Company’s mineral property, the Auric Gold & Minerals Fulstone project, is expected to become a major gold copper polymetallic project, with gold content expected to be a major value based on new discoveries that have been made at the site.

Itronics outlines its non-cyanide gold recovery technologies and emphasizes the environmental safety of its Rock Kleen chemistry, which neutralizes cyanide, thereby ensuring the eco-friendly application of cyanide in conjunction with the Rock Kleen technology. Thus, we can improve the efficiency of cyanide use and make it environmentally safe at the same time.