GTSO: Promise of $2,500-per-Ounce Gold Sparks Mining Comeback
SAN JOSE, Calif. -- October 16, 2012
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.
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
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 withDiamond V Associates.
AboutGreen 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
Follow us on Twitter atwww.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.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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