Greener BeeGreen ElectronicsGTSO Shortlists Urban Mining Targets

SAN JOSE, Calif.–(BUSINESS WIRE)–

Green Technology Solutions’ (GTSO) mining subsidiary, GTSO
Resources
moves strategically towards
game-changing opportunities in the rapidly growing “urban mining” space
with promising recycling companies in the pipeline.

GTSO has shortlisted a select group of emerging companies capable of
recycling cell phones, computers and other electronics to recover
precious minerals inside their components; including tungsten, gold,
platinum, palladium and others. GTSO has begun the process of contacting
these businesses and opening talks regarding potential joint ventures
and acquisitions.

Each of the shortlisted companies is based in North America, where GTSO
plans to test and optimize urban mining operations before expanding the
concept around the world.

Increasingly, electronic waste holds enough precious metals, rare earth
elements and other key materials to sustain modern industrial demands.
To sustain this need, however, discarded electronics must be recovered
instead of being thrown away.

With six billion cell phone connections worldwide and many upgrades of
handsets every 18 months, mobile devices have become the perfect pilot
for urban mining. Japan has the equivalent of 16 percent of the world’s
gold reserves, 6,800 metric tons, sitting idle in old cell phones,
according to the country’s National Institute for Materials Science.
That outstrips South Africa’s 6,000 metric tons of gold deposits. The
U.S. could potentially be sitting on even more.

“GTSO is excited about our progress in the second quarter of 2012 and
plans to refine both our traditional and urban mining operations to meet
the growing demand for endangered minerals such as tungsten,” said GTSO
CEO Paul Watson. “Demand and prices for valuable metals have risen to
unprecedented levels, and we feel we’re well-positioned to capitalize.”

GTSO plans to service a fast-growing global appetite for rare and
precious metals to compete in an exciting sector that includes Woulfe
Mining Corp. (WOF.V), Newmont Mining Corp. (NYSE: NEM), North American
Tungsten Corporation Ltd. (NTC.V) and Barrick Gold Corp. (NYSE: ABX).

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.

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.

Article source: http://finance.yahoo.com/news/gtso-shortlists-urban-mining-targets-090000543.html


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