Itronics Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin Stock Exchanges: ITG) reports it has entered into an agreement with four accredited and institutional investors for $3,250,000.
The financing provides working capital to expand GOLD’n GRO fertilizer sales, Environmental Protection Agency registration of GOLD’n GRO Guardian, capital improvements to expand production capacity, all pursuant to the Company’s business plan, and payment of existing debt obligations.
Itronics, through its subsidiary, Itronics Metallurgical, Inc., is the only company in the world with a “Beneficial Use Photochemical, Silver, and Water Recycling” facility that extracts more than 99 percent of the silver and virtually all the other toxic heavy metals from used photoliquids and converts the resulting liquids into environmentally beneficial, chelated, multinutrient liquid fertilizer products sold under the GOLD’n GRO trademark, and 5 troy ounce, 0.999 pure, Silver Nevada Miner numismatic bars. The environmentally safe liquid fertilizers can be used for lawns and houseplants.
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