GTSO Resources, the fast-growing mining subsidiary of Green Technology
Solutions, Inc. (OTCBB:GTSO), opened negotiations this week with
promising urban mining companies with help from its new Chilean business
specialists.
Earlier this week, GTSO signed a letter of intent with CCI Capital SpA
to forge an agreement to pursue urban mining business targets in Chile.
CCI Capital, a Chilean corporation, maintains offices in the capitol
city of Santiago, Chile, as well as Canada. The company has strong
business ties in both countries.
“CCI has the experience and connections in Chile to help us get up and
running in the country more quickly and efficiently,” said GTSO CEO Paul
Watson. “We expect that their relationships with leadership in Chile’s
government and the corporate world will make it possible to close
lucrative deals in the urban mining space, and we’re extremely pleased
to be opening negotiations with Chilean companies already.”
GTSO is currently in negotiations toward a definitive agreement with CCI
Capital. After finalizing a consulting or partnership arrangement, GTSO
plans to utilize CCI Capital’s presence and expertise in Chile to
provide closing and operational support.
Chile is a world leader in mining, which accounts for about 47 percent
of the nation’s exports and eight percent of its GDP. GTSO has targeted
Chile due its low labor costs, less onerous regulations for recycling of
e-waste and mining infrastructure, lowering the barriers to building a
successful urban mining business model.
More than 7,820 tons of gold and silver alone are used to manufacture
new electronics each year, a mineral value of $21 billion. GTSO believe
that urban mining, or e-waste recovery, holds the key to a profitable,
sustainable market for high-tech electronics.
Urban mining is only part of GTSO’s plans to compete alongside major
international corporations striving for sustainable manufacturing
solutions, such as Honda Motor Company (HMC), Sprint Nextel Corp.
(NYSE: S), and Toyota Motor Corporation (NYSE: TM).
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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