Today before the opening bell, GTSO Resources said it is exploring innovative new techniques that are making tungsten recycling more profitable and environmentally sound than ever before. The emerging mineral exploration company continues preliminary discussions with tungsten miners and prospectors, as well.
Second only to diamond, tungsten is an extraordinarily hard metal. Its unique properties make the element critical to the manufacture of a wide array of indispensable items. As demand for the metal rises worldwide and available supplies tighten, a relatively simple new thermo-mechanical process allows recyclers to break down tungsten from alloys in drill bits, machine parts, and other products to produce a high-grade powder suitable for new manufacturing uses.
“We see incredible earning potential in tungsten recycling as this unique metal becomes more and more critical to modern life,” stated GTSO CEO Paul Watson. “In addition to profit potential realized through this technology, recycling also offers a much more environmentally friendly solution than mining to increase global supplies of this invaluable metal”
“GTSO will continue to pursue advantageous new agreements and potential partnerships with the emerging leaders in tungsten mining and exploration as we explore innovative ways to recycle waste and capitalize on the mineral’s soaring global demand,” he added.
GTSO isn’t the only company pursuing new opportunities in the booming tungsten market. IMC Group, a subsidiary of Warren Buffett’s Berkshire Hathaway, recently invested $70 million in the mining company Woulfe’s South Korean tungsten operations.
For more information on GTSO Resources’ aggressive growth plans, please visit www.gtsoresources.com/investors.html
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