Just When the World Thought It Was Done with Chilean Miners (GTSO)

As a worldwide leader in mining, Chile will never be too far from the action, tragedy, or worldwide story of redemption and triumph through courage. Earlier today, GTSO Resources announced the signing of a letter of intent with an unnamed Canadian firm to assist with urban mining operations in Chile. GTSO Resources is the rapidly emerging mining subsidiary of Green Technology Solutions (OTC: GTSO).

The unnamed corporation will play a key role in definitive consulting arrangements around emerging urban mining opportunities identified in Chile. GTSO Resources announced that the new partner company has offices not only in Canada, but is also already on the ground in Chile with offices there as well.

“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 Resources 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.”

Urban mining is a rapidly growing industry that will only continue to grow as the world’s appetite for consumer electronics remains insatiable. A recent United Nation’s report found that the annual production of electronic goods worldwide required 320 tons of gold and over 7,500 tons of silver, with a combined value of $21 billion. At present, just 15% of that is recovered. This number may double in the next 25 years, and the money to be found in the reuse of these elements is massive.

Organizers of the first e-waste academy, recently opened in Accra, Ghana, are excited for companies and foundations that are looking to become active in urban mining opportunities. Federico Magalini, a professor of engineering and project manager for the e-waste academy, recently explained the four types of e-waste recyclers, “The fool, the criminal, the millionaire and the saint. The fool and the criminal recycle for profit but without regard to the environmental cost; the millionaire makes money through doing the right thing; and the saint does the right thing without needing to make a profit. We want to move everyone to being in the millionaire or saint camp.” Clearly GTSO Resources is looking to become a player in the millionaire category.

In addition to gold and silver, urban mining places a tremendous focus on lithium. The last decade has seen a huge move towards the lithium battery, and the lithium-ion battery market is expected to be worth $43 billion in 2020.

Green Technology Solutions began trading today at $1.41 and finished the day up $0.19, or a gain of nearly 13.5%. While only 162,000 shares were traded, look for increased volume for the remainder of the week.

GTSO Resources should not be overlooked as a stock to hold and trade in the coming months in an industry that will only grow exponentially in the future.

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).