As Green Technology Solutions (OTCBB: GTSO) mining subsidiary GTSO
Resources closes in on new urban mining agreements in North and
South America, the growing e-waste industry’s value is becoming clearer:
Experts now say that urban mining deposits are 40-50 times richer than
traditionally mined ore.
At last month’s GeSI and StEP e-Waste Academy for small businesses and
policymakers, participants from 12 countries heard urban mining industry
experts say that quantities of gold, silver, lithium, palladium,
tungsten and other minerals available for recovery are rising in tandem
with the fast-growing sales of electronics. More than $21 billion worth
of gold and silver alone are required annually for the manufacture of
high-tech devices such as the Apple (NASDAQ: AAPL) iPhone and iPad,
Samsung Galaxy Tab and other electronic goods.
Though our trash is rapidly becoming a literal goldmine, less than 15
percent of valuable materials is currently recovered from e-waste
worldwide. A major profit opportunity is developing in the urban mining
sector that GTSO is making every effort to capitalize on.
“Today, e-waste is seen as a burden, when in reality, it’s an
opportunity,” said GTSO CEO Paul Watson. “These discarded and obsolete
electronics are resources, not refuse. We’d prefer to potentially turn a
large profit recycling these materials than see them end up in a
landfill, contaminating the environment.”
The first country on GTSO’s list of opportune urban mining regions is
Chile. The company is close to a deal with CCI Capital SpA for
assistance in facilitating the development and implementation of e-waste
recycling deals there. GTSO is also exploring opportunities in Ghana,
where the e-Waste Academy was held, as well as the U.S. and Canada.
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
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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