Itronics Inc · OTC:ITRO
Itronics — Investor Presentation (May 2026)
36 slides from Itronics's investor presentation, May 1, 2026
Slide 1: Zinc Manganese Concentrate Processing
Zinc Manganese Concentrate Processing ZMC: An Alkaline Battery Recycling Segment Opportunity Powered by - Itronics Inc. Zero Waste Energy Saving Technology Award Winning Technology May 1, 2026 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This presentation 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,
Slide 3: Critical Minerals Recovery from Battery Scrap
Critical Minerals Recovery from Battery Scrap • Itronics breakthrough separation technology enables battery scrap (ZMC) to be separated into pure critical minerals • Alkaline battery scrap is an untapped resource Itronics is prepared to exploit Critical Minerals Sourced from ZMC Mn Zn C K Manganese
Slide 4: Lack of Domestic Critical Minerals Production
Lack of Domestic Critical Minerals Production • Manganese, Zinc, Potassium, and Graphite are goods largely imported by the United States: - Essentially 100 percent of its Manganese and Graphite - More than 90 percent of its Potassium, over 80 percent coming from Canada - Over 80 percent of its Zinc
Slide 5: Manganese Supply Shortage
Manganese Supply Shortage 5/01/26 5
Slide 6: Zinc Manganese Concentrate Composition
Zinc Manganese Concentrate Composition Percentage of ZMC Mass 6.1% 6% O 6% K C Mn 54.4% Zn 27.5% Manganese Zinc Graphite Potassium Oxygen 5/01/26 6
Slide 7: Alkaline Battery Recycling
Alkaline Battery Recycling Existing Industry Structure Collection and Sortation: Battery Shredders: End-of-life (EOL) Batteries: Receive EOL batteries from collection Receive sorted batteries, shred and partially Post-consumer use centers for sortation separate components of batteries • After shredd
Slide 8: Battery Scrap In; Pure Minerals Out
Battery Scrap In; Pure Minerals Out Mn Manganese Zn Zinc Zinc Manganese Itronics Breakthrough Concentrate Separation Technology C Graphite K Potassium • Itronics unlocks $100s of millions worth of mineral value that is currently going unrecovered 5/01/26 8
Slide 9: How We Do It
How We Do It Itronics Technology Advantages Proprietary DES Technology Provides: • Low Recovery Cost • Complete Separation Simple Recovery Process: 1. Recover Potassium Electrolyte – upgrade for sale 2. Recover Graphite – wash, dry, and package for sale 3. Recover Zinc Oxide - Use to make in-house h
Slide 10: DES Chemistry – Deep Eutectic Solvents
DES Chemistry – Deep Eutectic Solvents • Brand new class of cutting-edge chemistry utilized by Itronics - Particularly well suited for critical minerals recovery - Maximizes efficiency - Reduces environmental impact - Cost effective • Itronics is a worldwide leader in developing DES technology appli
Slide 11: Alkaline Battery Collection Growth
Alkaline Battery Collection Growth Ample Material Available Now; Supply Growing Rapidly U.S. Battery Collection Growth 225,000 • Annual consumer battery sales growing at a rate of over 5 percent 100,000 • Annual growth rate of battery 213K collection is estimated to be over 90 percent between 2025-2
Slide 12: Alkaline Battery Collection Growth
Alkaline Battery Collection Growth Significant Regulatory Driven Growth Source: Call2Recycle 5/01/26 12
Slide 13: Opportunity Scope
Opportunity Scope • Alkaline battery ZMC processing is a high-margin, first-mover opportunity • Recovered minerals from ZMC will supply high demand markets - Battery production - Steel making - Agriculture - Mining • Establish domestic supply of critical battery materials in an Asian dominated marke
Slide 14: Technology Enabled Value Creation
Technology Enabled Value Creation Itronics’ Battery Scrap Economics - Cost of battery scrap per ton = approx. $400 - Combined revenue per ton = approx. $10,000 Itronics separation technology provides unparalleled value creation 5/01/26 14
Slide 15: How much Worth?
How much Worth? ZMC Supply Value Growth (Projected Value of Critical Minerals in ZMC) $1B • Itronics ZMC processing is the only technology that enables this value to be $400M realized $885M $382M $50M $31M 2025 2027 2030 5/01/26 15
Slide 16: Initial Commercial Scale Operations
Initial Commercial Scale Operations Cost of ZMC & Revenue At 160 tons/month processing rate (expected to begin late Q3 2026) Per-Ton Pricing ZMC Cost $400 / ton Manganese Dioxide Revenue $4,000 – $10,000 / ton Zinc Ammonium Citrate Revenue $2,300 / ton Monthly Cost of ZMC $64,000 Revenue $1,395,000
Slide 17: Initial Commercial Scale Production Output
Initial Commercial Scale Production Output Monthly and annual output at initial commercial scale operations (based on 160 tons/month processing rate) Monthly Output Manganese Dioxide ~90 tons Zinc Ammonium Citrate ~450 tons Annual Output Manganese Dioxide Up to 1,100 tons Zinc Ammonium Citrate Up to
Slide 18: Scalability
Scalability Current facility capacity supports at least 3× scale-up from initial commercial operations Annual Capacity at Full Scale ZMC processed annually ~6,000 tons Manganese Dioxide produced ~3,300 tons Zinc Ammonium Citrate produced ~17,000 tons 5/01/26 18
Slide 19: Facility capacity supports processing up to 6,000 tons annually
ZMC Tons Processed Annual Revenue 4500 $45,000,000 4,000 $40,000,000 4000 $40,000,000 3500 $35,000,000 3,000 $30,000,000 3000 $30,000,000 2500 $25,000,000 2,000 $20,000,000 2000 $20,000,000 1500 $15,000,000 1000 $10,000,000 640 $6,400,000 500 $5,000,000 0 $0 2026 2027 2028 2029 2026 2027 2028 2029 T
Slide 20: Annual Revenue per Mineral
Annual Revenue per Mineral $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 2026 2027 2028 2029 Manganese Zinc Graphite Potassium 5/01/26 20
Slide 21: Zinc Market Opportunities
Zinc Market Opportunities Zinc Metal Itronics in-house Zn Fertilizer Upside: Premium for Zn based fertilizer product Upside: Large market, not limited by seasonality Downside: Limited market and Seasonality Downside: Less value than the fertilizer Zn • De-risk market changes and Based Fertilizer max
Slide 22: Short Path to Production
Short Path to Production • Itronics is fully permitted • Most of the equipment is already in place • Low-cost, mostly automated process • Multiple offtake agreements being put in place - ZMC supply agreement secured - Offtake agreements for produced Manganese/Zinc in progress • Early-stage sales und
Slide 23: Itronics – Reno, Nevada Facility
Itronics – Reno, Nevada Facility • Strategically located in Western Nevada – emerging battery technology hub • 35,000+ square feet • 3.5 acres • Fully permitted • Custom engineered interior to fit Itronics operational requirements • Sufficient floor space for significantly expanded operations 5/01/2
Slide 24: Who We Are: Itronics Inc.
Who We Are Itronics Inc. • 25 years of developing Deep Eutectic Solvent (DES) technologies to revolutionize resource and metals recovery - most experienced in the world • Independently valued Intellectual Property portfolio worth over $25 million • Will be a major Manganese producer in the United St
Slide 25: Itronics Team
Itronics Team • Itronics has a highly skilled team in place - PhD’s and highly qualified experts - Trained research chemist - Seasoned Sales/Product Development Manager Dr. John W. Whitney, - Experienced production plant manager/operators President - Staff who have been with the Company for 20+ year
Slide 26: IRS Code 1202 Tax Exemption
IRS Code1202 Tax Exemption • Itronics Inc. Common Stock qualifies for IRS Code 1202 Capital Gains Tax Exemption - Stock held for at least three (3) years: 50% of eligible gain excluded - Stock held for at least four (4) years: 75% of eligible gain excluded - Stock held for at least five (5) years: 1
Slide 27: Contact
Contact Itronics Inc. Investor Relations Phone: 775-305-0372 Email: [email protected] Website: www.itronics.com 6490 South McCarran Blvd. Building C, Suite 23 Reno, NV 89509 5/01/26 27
Slide 28: Auxiliary Slides
Auxiliary Slides 5/01/26 28
Slide 29: Advanced Manufacturing Production Credit
Advanced Manufacturing Production Credit • Itronics ZMC processing operations will qualify for 10 percent tax credit for critical mineral processing and production under Section 45X of the Internal Revenue Code • Tax credit applies to: - Materials Costs - Extraction Costs - Production Costs • Mangan
Slide 30: We source critical minerals from Alkaline Batteries
We source critical minerals from Alkaline Batteries 5/01/26 30
Slide 31: ZMC Battery Mineral Products
ZMC Battery Mineral Products Manganese Mn • Itronics will be the only significant Manganese producer in the United States • Large, high demand national/international markets 1. Sold at premiums to international steel manufacturers (primarily India and South Korea) 2. Growing domestic needs for use i
Slide 32: Serving the Agricultural Supply Chain
Serving the Agricultural Supply Chain Zinc and Potassium Zn K • High purity at a low cost • Large, established markets • Cost advantage due to recovery from secondary sources 5/01/26 32
Slide 33: ZMC Battery Scrap Processing - Project Implementation
Task Itronics ZMC Battery Scrap Processing Building Refinance Completed - Project Implementation * Please note this timeline is based on immediate availability of funds Staff Build Out/Training In Process Audit Near Term – 4 Months Order/Install Equipment Immediate – 90 to 120 days Lab Bench Work/Sa
Slide 34: Itronics Award Winning Technology
Itronics Award Winning Technology Itronics has won multiple international awards based on its breakthroughs in DES technology: 2019-Small Company Sustainability Leadership 2006-International Green Hero; Green Award – EDAWN Organization, London, England 2015-Existing Industry Award; Manufacturing 200
Slide 35: How Does DES Chemistry Work?
How Does DES Chemistry Work? A “super team” of chemical ingredients • Mix two or more carefully configured solids together, to form a special type of liquid - This liquid is what is called a Deep Eutectic Solvent • The solid molecules interact, or stick together in a way that prevents them from form
Slide 36: Itronics Inc. Share Structure
Itronics Inc. Share Structure 3 Year Share Price Performance: Capital Structure: US:ITRO1 Shares outstanding 19.9 m Shares fully diluted 36.5m Current share price $0.70 52-wk high – low $3.50 - $0.14 Market capitalization $13.93 m Average exercise price of warrants and $0.50 per share options Shareh