Jul 26 2012
GTSO Resources, the emerging mining subsidiary of Green Technology Solutions, Inc. (OTCBB:GTSO), announced today that it has signed a letter of intent (LOI) with a Canadian corporation for assistance in facilitating the development and implementation of urban mining deals in the nation of Chile.
“This is a company that provides tremendous local support both governmental and corporate to facilitate, negotiate and operate urban mining deals in Chile for our current acquisition and joint venture targets there”
The specialist firm has offices in Canada and Chile and has significant expertise in identifying, structuring and developing international business opportunities. GTSO expects to present them with a definitive consulting arrangement around emerging urban mining opportunities identified in Chile.
"This is a company that provides tremendous local support both governmental and corporate to facilitate, negotiate and operate urban mining deals in Chile for our current acquisition and joint venture targets there," said GTSO CEO Paul Watson. "We've signed the LOI, which will allow us to explore different ways to work with this company to achieve our goals."
The booming urban mining sector could prove to be the growth opportunity that GTSO needs to establish a strong presence in the global mining industry. As the market for personal electronics such as Apple (NASDAQ: AAPL) iPads and iPhones explodes worldwide, the demand for manufacturing minerals, regardless of sourcing method, continues to grow rapidly.
Chile is a world leader in mining, making it an ideal locale for GTSO's expanding operations. In addition to the company's mining strategy for the critical elements tungsten and lithium, GTSO is committed to establishing sustainable revenues through the process of recycling e-waste in the U.S. and abroad.
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 (NYSE: 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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