Tungsten, one of the world’s most critical commodities, is at risk of becoming an endangered element—potentially crippling the global manufacturing economy. GTSO is dedicated to ensuring U.S. manufacturers have access to strained tungsten supplies before prices for the heavy metal rise even higher.
There’s virtually no substitute for tungsten and its many crucial manufacturing uses. It’s used for hardening construction and drilling tools, military ordnance, and other megadurable applications. Without tungsten, it might not even be possible to mine other, more precious metals like platinum or palladium. Yet access to this critical metal is being threatened.
China produces more than 85 percent of the world’s tungsten supply. When the emerging superpower restricted sales of ammonium paratungstate (APT), the main form in which tungsten is sold, the price doubled. For that reason, the metal was one of last year’s best performing commodities, rising 35 percent in value. Tungsten appears to be following the same path as rare earths.
GTSO, an emerging tungsten mining company, is positioning itself at the forefront of the exploration and development sector as demand for technologies that rely on tungsten rises across the globe. Currently, the company is close to signing a joint venture agreement to explore mining projects and operations in North America and Africa.
GTSO CEO Paul Watson anticipates signing an agreement with experienced exploration and excavation specialists Diamond V Associates, Inc. (DVA) this week. The joint venture will allow GTSO to provide funding and expertise in exchange for DVA’s help researching, planning, and developing promising reserves of tungsten and other valuable minerals on an international scale.
For more information on GTSO Resources’ aggressive growth plans, please visit www.gtsoresources.com/investors.html
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