GTSO and Partners Finalize Feasibility Study for Latin American Expansion
SAN JOSE, Calif. -- July 18, 2013
As global demand for rare earths and precious elements continues to climb,
Green Technology Solutions, Inc. (OTCBB: GTSO) prepares for a major push to
collect and resell rare earths-rich e-waste in the booming Latin American
GTSO and partners Chilerecicla, one of South America’s top recyclers of
e-waste, have completed a feasibility study detailing the purchasing of
potentially lucrative e-waste from throughout the region for processing and
resale to international companies. A leader in Chilean urban mining,
Chilerecicla operates the first e-waste recycling plant in Southern Chile and
maintains crucial relationships with overseas smelters, with the right to sell
them as many recovered metals and minerals as GTSO and Chilerecicla can
With Chilerecicla now operating at full capacity, a major expansion in
productivity is being planned to capitalize on the incredible growth of
e-waste stocks in the region by purchasing large quantities of discarded cell
phones, computers, televisions and more.
In addition to valuable concentrations of copper, gold and platinum, these
electronic devices contain rare earth elements such as yttrium, neodymium,
germanium and europium. The incredible demand for newer and better
electronics, from tabet computers to electric cars, has caused a global supply
crunch that GTSO believes e-waste can help solve.
So far, Chilerecicla has signed an initial agreement with one of Bolivia’s
largest e-waste operators and is in negotiations with others in Ecuador,
Argentina and elsewhere. By securing favorable purchase prices from these
e-waste suppliers and selling the recycled materials directly to smelters
overseas, the joint venture plans to increase its profitability significantly.
Urban mining is key to GTSO’s plans to compete alongside major international
corporations striving for sustainable waste solutions, such asIndustrial
Services of America(NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE:SMS).
Late last year, GTSO acquired the companyGlobal Cell Buyers and soon after
rebranded the company asGreen Urban Miningto handleits domestic recycling
and resale operations.
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 the website
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meaning of Section 27A of the Securities Act of 1933, as amended, and Section
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Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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