A recent report projects gold to rebound and prices on the precious metal to soar, a strong sign for investors of Green Technology Solutions Inc., (OTCBB: GTSO) as the company continues its extensive urban mining endeavors.
GTSO, an environmentally conscious company with an ongoing interest in delivering “green friendly” solutions to a global market, goes beyond traditional mining and looks to extract precious and rare earth minerals from cell phones, motherboards and other electronics. In a report by financial weekly Barron’s last week, multinational banking giant HSBC upgraded a number of gold stocks as the bank is bullish on the gold sector due to strong demand in China and India as well as other emerging markets countries. HSBC projects gold to climb above $1,400 per ounce within a few months, providing strong profit potential for GTSO and its investors.
“The market expectations for gold are very encouraging,” GTSO CEO Paul Watson said. “As we continue forward with our urban mining plans with our partners, we anticipate the profit margins for gold and other targeted minerals will bring strong return on investment.”
With the urban mining market projected to approach $24 billion by 2018, this reinforces GTSO’s plan to develop best practices for recycling precious and rare minerals from e-waste with partners like Chilerecicla as well as development plans for U.S. operations through Green Urban Mining.
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.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Paul Watson, 408-432-7285
President and CEO
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