SAN JOSE, Calif.--()--Two decades after China priced mines in the U.S., Japan and elsewhere out of the market, a sharp increase in demand has sparked a mining comeback now underway all over the globe. The only difference is, today’s miners don’t have to dig very deep.
“There are hundreds of thousands of tons of gold, tungsten, neodymium, indium and other valuable elements trapped in mountains of electronic trash at the moment. As prices continue to soar — and they will — we think there’s a significant profit to be made reclaiming these metals.”
Through its mining subsidiary, GTSO Resources, Green Technology Solutions, Inc. (OTCBB: GTSO) and others are working to capitalize on the surging demand for valuable minerals such as gold, tungsten and rare earths needed in ever greater supply to manufacture today’s advanced electronics. Devices from Apple iPads to wind turbines and even missile guidance systems require these increasingly scarce elements to work, and until recently, China had a stranglehold on their excavation and export.
As the Asian superpower implements policies to keep more of these crucial minerals at home, miners such as GTSO are turning to the growing stockpiles of discarded electronics piling up worldwide.
“We believe we’ve struck gold inside of a cellphone,” said GTSO CEO Paul Watson. “There are hundreds of thousands of tons of gold, tungsten, neodymium, indium and other valuable elements trapped in mountains of electronic trash at the moment. As prices continue to soar — and they will — we think there’s a significant profit to be made reclaiming these metals.”
Indeed, the global e-waste recycling and reuse services market is growing fast. By 2017, the market will be worth an estimated $18.2 billion, according to a new report published by Transparency Market Research. Currently, material processing and recovery is the largest market contributor, generating 34.4 percent of the e-waste services revenue this year.
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.
Follow us on Twitter at www.twitter.com/gtsoresources.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.