As Green Technology Solutions (OTCBB: GTSO) mining subsidiary GTSO Resources works to develop new sources of lithium around the globe, manufacturers are scrambling to secure supplies of the critical element as the launch of Apple’s (NASDAQ: AAPL) iPhone 5 device threatens to further strain global stockpiles.
Lithium is the main ingredient in long-life batteries used in smartphones, tablets, electric vehicles and other sought-after consumer products. In recent years, the mineral’s price has tripled as demand spikes.
“Extraordinary consumer demand for the latest iPads has already driven lithium prices up sharply, and nearly every market analyst is predicting another huge sales success for Apple with the iPhone 5,” said GTSO CEO Paul Watson. “The world’s lithium supplies are already short, and we believe that there is a great deal of profit to be made by helping to ensure that manufacturers have reliable access to this material.”
The market for lithium, the lightest metal on the periodic table, is now valued at $1 billion a year. Market research forecasts the lithium-ion batteries market to reach $43 billion by 2020. These batteries generate more electricity than competing cells such as lead-acid.
GTSO is exploring multiple strategies to capitalize on the demand for lithium. In addition to traditional mining opportunities in nations such as Chile, the company is also targeting urban mining companies for acquisition that could help turn piles of obsolete and discarded Apple products into a gold mine.
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes FMC Corp. (NYSE: FMC), Newmont Mining Corp. (NYSE: NEM), and Rio Tinto (NYSE: RIO).
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.
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 future 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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