As the rewards associated with e-waste recycling become better known, new urban mining opportunities are popping up everywhere, says Green Technology Solutions (OTCBB: GTSO) CEO Paul Watson.
“A few years ago, most people were completely unaware of the toxic chemicals and valuable minerals inside their favorite electronics,” Watson said. “Most of those gadgets ended up in the trash at the end of their lifecycle and were carted off to landfills both in the U.S. and overseas. Today, that’s changing fast.”
As the metals used to produce popular electronics such as Apple (NASDAQ: AAPL) iPads and iPhones, flat-screen TVs, PC circuit boards and more become increasingly scarce and valuable, a number of trends have arisen in response to the escalating value of discarded components. In addition to cash-for-trash services like Gazelle.com, consumers now have access to recycling drop-off centers at big-box retailers such as Best Buy.
A new trend on the horizon that GTSO plans to explore is the advent of automated recycling vendors, which dispense cash for unwanted cell phones and other electronics. Each of these emerging business trends presents urban mining companies like GTSO with new and potentially lucrative partnering opportunities.
“More and more companies are beginning to collect recyclable electronics, but actual recycling capacity in the U.S. and abroad has not grown,” Watson said. “That’s where GTSO comes in. We’re working to find innovative, profitable solutions to the global buildup of e-waste.”
Urban mining is key to GTSO’s plans to compete alongside major international corporations striving for sustainable waste solutions, such as Industrial Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: SMS). Late last year, GTSO acquired the company 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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