Green Technology Solutions, the aggressive young company which has made a name for itself by attacking the resource equation from both the mining and recycling sides, hunting for rare earths and precious minerals with the drill and via the landfill, reported progress today in their continued negotiations (aimed at striking a definitive agreement) with Chilean recycler, Chilerecicla, who is putting together a network of e-waste suppliers in Latin America.
This network would pump out valuable minerals for direct sale to overseas smelting markets and represents a huge win for Chilerecicla, who will be able to lock in favorable prices from e-waste suppliers, resulting in a healthy profit margin. Urban mining as it’s called will become an increasingly important part of the overall resource sector moving forward, as a rising percentage of total inputs are derived from recycled sources. This fact is the primary reason GTSO is positioning itself now for a leadership role in this burgeoning industry.
CEO of GTSO, Paul Watson, praised the business model Chilerecicla has developed and asserted to investors that the company was dead set on striking a partnership deal ahead of Chilerecicla breaking out as a major new player on the urban mining scene. Watson projected clear signals that GTSO is working very hard to secure an agreement whereby the company will help Chilerecicla expand operationally and in exchange receive both the vital industry contacts and best practices know-how required to emulate their model state side.
The goal will be to apply gleaned expertise from the Chilerecicla relationship as time progresses, honing in on the best ways to isolate e-waste before it ever gets to a landfill. This capacity, in combination with prevailing domestic legislative measures, will place GTSO in the pole position for turning landfill-bound e-trash into cold hard cash, as well as bottom line growth for their shareholders.
GTSO is intent on growing into a firm that can compete alongside major sector players like Industrial Services of America (IDSA) and Sims Metal Management (SMS), looking to springboard off the acquisition of Global Cell Buyers late last year, which was quickly re-branded by GTSO as Green Urban Mining in order to enhance focus of recycling/resale operations. This deal with Chilerecicla would be a big step towards realization of the company’s domestic urban mining strategy, stripping highly valuable elements such as gold, lithium, neodymium, and palladium from discarded electronics, helping to save the environment while tapping into a blossoming growth industry.
For more info on Green Technology Solutions, check out www.GTSOresources.com
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