One day soon, lithium-ion batteries could replace combustion engines in
most vehicles, and Green Technology Systems (OTCBB: GTSO) mining
subsidiary GTSO resources is working to help secure stable, affordable
supplies of the critical metal for future demand.
Since lithium batteries first entered the market in 1993, about 45,000
tons of lithium have been incorporated into these batteries worldwide.
As the rise of new technologies requiring lithium-ion
batteries—including electric vehicles and Apple products such as the
iPad—rapidly increases demand for lithium around the globe, the metal’s
value has skyrocketed. Luckily, spent lithium batteries can be recycled
to reclaim valuable materials.
In the United States and elsewhere, less than 20 percent of lithium
batteries are currently recycled. With more and more of these batteries
set to hit the market in the coming years, GTSO has a plan to profit on
both traditional lithium mining as well as recycling. The company is
currently negotiating an agreement with CCI Capital SpA for assistance
closing lithium deals in Chile, one of the world’s top producers of the
“The salt lakes of South America contain about 75 percent of the world’s
known lithium resources,” said GTSO CEO Paul Watson. “Chile is a
developed economy with established mining infrastructure, which makes it
the perfect place to pursue and develop new lithium resources for mining
“The global market for lithium is set to explode very soon, and we plan
to grow right along with it,” he added.
GTSO plans to present CCI with a definitive agreement in the near future.
GTSO is working to service a fast-growing global appetite for rare and
precious metals to compete in an exciting sector that includes
International Lithium Corp. (TSXV: ILC.V)and North American Tungsten
Corporation Ltd. (TSXV: NTC.V).
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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