SAN JOSE, Calif.--()--The key to a profitable and scalable urban mining business will be the development of advanced, automated mineral separation technology, said Green Technology Solutions (OTCBB: GTSO) CEO Paul Watson on Friday.
“There are a lot of companies around the world claiming to recover recycled minerals, but very few have hit upon truly scalable, cost-effective methods”
“There are a lot of companies around the world claiming to recover recycled minerals, but very few have hit upon truly scalable, cost-effective methods,” Watson said. “The key to scaling urban mining efforts for electronics is the efficient separation of key minerals, and that’s the problem GTSO is working to solve.”
Electronic products are made from valuable resources and materials, including metals, plastics, and glass, all of which require energy to mine and manufacture. Recycling and reclaiming the minerals in consumer electronics conserves natural resources and helps reduce air and water pollution caused by manipulating virgin materials.
According to the EPA, every one million cell phones recycled, 75 pounds of gold, 772 pounds of silver, 33 pounds of palladium and more than 35,000 pounds of copper can be recovered. GTSO is pursuing new technology to allow the efficient and affordable separation of these valuable resources from discarded electronics.
For more information on these initiatives, please visit www.GTSOResources.com/investors.html.
Urban mining is a major pillar of GTSO’s plans to compete alongside major international corporations striving for sustainable manufacturing solutions, such as Sprint Nextel Corp. (NYSE: S) and Toyota Motor Corporation (NYSE: TM). The company is also exploring traditional mining opportunities in the U.S. and Africa through its joint venture with Diamond V Associates.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.gtsoresources.com] is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit our website at www.GTSOresources.com/investors.html.
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