Market Overview

GTSO Acquires Global Cell Buyers

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GTSO Resources, the mining subsidiary of Green Technology Solutions,
Inc. (OTC: GTSO), achieved a major milestone in its quest to expand
into the booming urban mining business this week by completing the
acquisition of e-waste recycling start-up Global
Cell Buyers (GCB).

Urban mining is the process of reclaiming materials such as gold,
palladium, rare earths and other valuable metals from discarded and
obsolete electronics. GCB's current focus is the purchase of obsolete
smartphones for resale or recycling, but GTSO plans to enlarge the
company's intake capacity in order to capitalize on additional lucrative
waste streams, including tablet computers, flat-screen televisions,
laptops and other mineral-rich electronics.

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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