SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions (OTCBB:GTSO) mining subsidiary GTSO Resources isn’t the only company banking on the rise of urban mining. Major international corporations such as Waste Management (NYSE: WM), Sprint Nextel (NYSE: S), Cisco Systems (NASDAQ: CSCO) and more are investing heavily in e-waste recycling as mineral prices soar worldwide.
The reason is simple: E-waste recycling has a tremendous impact on these companies’ bottom line. Chad Lander, Sprint’s Director of Cell Phone Recycling, told Forbes last week that the corporation’s cell phone recycling programs have helped the company avoid over $1 billion in cost.
“Even massive corporations are waking up to the fact that the computers and electronics that we throw out after two or three years contain a lot of minerals that are simply too valuable to end up in a landfill,” said GTSO CEO Paul Watson. “Mobile devices such as Apple (NASDAQ: AAPL) iPads and iPhones contain tungsten, lithium, gold and other minerals that are growing scarcer and more expensive by the day. There are billions of dollars in minerals locked up in old, unwanted electronics right now, and the race is on to dig them out.”
As GTSO pursues exciting new urban mining opportunities both in the U.S. and in developing nations, other small companies are already profiting from the e-cycling boom. Industry leaders such as Creative Recycling Systems, Inc., have been reducing and reusing e-waste since 1994.
“As the market for e-waste recycling and urban mining expands very rapidly over the next several years, GTSO plans to implement an aggressive strategy to expand right along with it,” Watson said. “We’re positioning our company to follow the example of industry leaders like Creative Recycling, E-World Recyclers and Electronic Recyclers International and generate big returns for our shareholders.”
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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