SAN JOSE, Calif.--(BUSINESS WIRE)--Lithium markets in Latin America are set to explode as demand rises for new technologies from Apple (NASDAQ: AAPL) iPads to electric cars such as the Nissan (7201:JP) Leaf. To capitalize on this market growth, Green Technology Solutions (OTCBB: GTSO) mining subsidiary GTSO Resources is focusing on South America’s leading lithium producer: Chile.
Deposits of lithium are found in South America throughout the Andes Mountains. Chile is the region’s top producer, followed by Argentina. Both countries recover lithium from brine pools. The primary ingredient in lithium-ion batteries, which power everything from electric cars to iPhones, lithium is poised to rise in value dramatically as demand for these products increases rapidly in developing economies such as China and India.
GTSO is currently pursuing promising lithium mining opportunities in Chile that could pay off handsomely if lithium prices continue to rise as expected.
“We’re moving aggressively to increase shareholder value by acquiring new projects and sourcing joint venture partners to expand the scope and diversify the risk of our exploration efforts in Chile,” said GTSO CEO Paul Watson.
Traditional mining isn’t the only path to potential profits with Chilean lithium, however. GTSO is currently in talks with CCI Capital SpA for assistance in facilitating the development and implementation of urban mining deals in Chile. The nation’s mining infrastructure and growing e-waste stream make it an ideal environment for sustainable minerals investment.
GTSO plans to present CCI with a definitive agreement before the end of the week.
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes International Lithium Corp. (TSXV: ILC.V)and North American Tungsten Corporation Ltd. (TSXV: NTC.V).
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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