Itronics Shifts to Synthetic Photoliquid in Fertilizer Production

Key Takeaways

1. End of Dependency on Spent Photographic Liquids: Itronics Inc. has permanently ceased using spent photographic liquids as a raw material for its GOLD’n GRO multinutrient liquid fertilizers, opting for a synthetic photoliquid replacement.
2. Operational and Quality Benefits: The transition to synthetic photoliquid ensures operational continuity and potential for expansion, as the supply of spent photographic liquids no longer limits the company. The quality of the fertilizers remains high, possibly even enhanced due to the absence of trace impurities.
3. Increased Manufacturing Capacity: This shift has led to significant operational benefits, including reduced liquid handling requirements and increased internal storage capacity for finished fertilizers. The company anticipates a 50% increase in fertilizer manufacturing capacity.
4. Cost Savings and Immediate Benefits: The company expects to avoid approximately $1 million in capital investments for the 2024 operating year, with immediate benefits realized without delays for permitting approvals and construction.
5. Sustainable Business Model: The move reinforces Itronics Inc.’s commitment to “Zero Waste Energy Saving Technologies” and establishes GOLD’n GRO fertilizer manufacturing as a permanent business line, aligning with its vision of a cleaner and greener world.

The Transition to Synthetic Photoliquid

Dr. John Whitney, President of Itronics, announced the successful operational transition to synthetic photoliquid in fertilizer manufacturing. This strategic move ensures that GOLD’n GRO fertilizer sales can continue and expand without being hindered by the dwindling supply of spent photographic liquids, a significant raw material source in the past.

Maintaining Quality and Expanding Capacity

Despite the change in raw material sourcing, the quality of GOLD’n GRO fertilizers remains unchanged, maintaining their superior composition, stability, and mixing compatibility. The shift has also freed up space within the manufacturing plant, paving the way for potential expansion in production capacity and storage.

Economic and Operational Advantages

The reduction in spent photoliquid processing has led to several operational efficiencies. It has decreased the need for liquid handling, reduced staffing and storage requirements, and significantly increased internal storage capacity for finished fertilizers. This operational efficiency is critical to increasing the company’s agility and responsiveness to market demands.

Future Prospects and Investor Relations

The transition marks a pivotal change in Itronics Inc.’s business operations, ensuring that recycled material supply limitations no longer constrain GOLD’n GRO fertilizer manufacturing. Dr. Whitney thanked the investors for their support, emphasizing the company’s dedication to its “Zero Waste Energy Saving Technologies” and its pursuit of profitability.

About Itronics Inc.

Based in Reno, Nevada, Itronics Inc. pioneered environmentally friendly technologies. It produces GOLD’n GRO multi-nutrient liquid fertilizers, silver bullion, and silver-bearing glass. The company’s GOLD’n GRO liquid fertilizers are extensively used in agriculture, particularly in California, underscoring its commitment to sustainable agricultural practices.

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