SAN JOSE, Calif.--(EON: Enhanced Online News)--A key joint venture partner of Green Technology Solutions, Inc. (OTCBB: GTSO) is moving forward with the purchase of raw materials to be exported to Europe as it continues pursuing a share of the surging urban mining market that is projected to approach $25 billion over the next five years.
“This transaction shows the commitment Chilerecicla has to GTSO and to bringing ROI to us and our investors.”
Chilerecicla, a Chile-based e-waste exporter that specializes in the direct removal of electronic waste from clients’ offices facilities for transport to its central plant as well as the sale of reusable materials, is investing in products sourced through Chile and Bolivia depending on grade. Those materials will then be shipped to Belgian smelting company Umicore, which is dispatching key executives to Chile this week for an on-site visit and to prepare for shipment. The transaction marks the official launch of Chilerecicla’s Latin American operations.
“Chilerecicla is ready to stake its claim as Latin America’s top e-waste shipper, and we are excited about the possibilities this partnership will bring both in short-term gain and long-term return on investment,” GTSO CEO Paul Watson said. “This transaction shows the commitment Chilerecicla has to GTSO and to bringing ROI to us and our investors.”
Urban mining is pivotal to GTSO’s vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation (NYSE: CVA), Industrial Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: SMS). Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.
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 the website at www.GTSOresources.com/investors.html.
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