SAN JOSE, Calif.--(BUSINESS WIRE)--Thanks to rising demand for tungsten and new and existing technology, GTSO Resources (OTCQB: GTSO) could soon be recycling waste into wealth.
As GTSO continues preliminary discussions with tungsten miners and prospectors, the emerging mineral exploration company is also exploring innovative new techniques that are making tungsten recycling more profitable and environmentally sound than ever before.
Tungsten is an extraordinarily hard metal; only diamond is known to be harder. Its unique properties make the element critical to the manufacture of a variety of indispensable items, from light bulbs to military ordnance. As demand for the metal rises worldwide in the face of shortening supplies, a relatively simple new thermo-mechanical process allows recyclers to break down tungsten from alloys in drill bits, machine parts and other products to produce a high-grade powder suitable for new manufacturing uses.
“We see incredible earning potential in tungsten recycling as this unique metal becomes more and more critical to modern life,” said GTSO CEO Paul Watson. “In addition to profit potential realized through this technology, recycling also offers a much more environmentally friendly solution than mining to increase global supplies of this invaluable metal.
“GTSO will continue to pursue advantageous new agreements and potential partnerships with the emerging leaders in tungsten mining and exploration as we explore innovative ways to recycle waste and capitalize on the mineral’s soaring global demand,” he said.
GTSO isn’t the only company pursuing new opportunities in the booming tungsten market. IMC Group, a subsidiary of Warren Buffett’s Berkshire Hathaway, recently invested $70 million in the mining company Woulfe's South Korean tungsten operations.
For more information on GTSO Resources’ aggressive mineral development plans, please visit www.gtsoresources.com/investors.html.
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes Goldcorp Inc. (NYSE: GG), Newmont Mining Corp. (NYSE: NEM), Royal Gold, Inc. (NASDAQ: RGLD) 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.
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