Could Canada Be The 'Next Big Thing' In Lithium Mining?

Oct 3, 2012 - 13 years ago

As rising global demand for lithium-ion batteries drives lithium prices higher and higher, Green Technology Solutions’ (OTCBB: GTSO) mining subsidiary, GTSO Resources, is exploring new opportunities in what could be the world’s next lithium hotspot: Canada.

Lithium mining activities have drawn significant investing interest to Canada’s mining industry recently. Nova Mining (OTCBB: NVMN) announced the acquisition of mining concessions in Saskatchewan, and Canada Lithium Corp. (TSX: CLQ) is exploring an open-pit mine and processing plant in Quebec. GTSO could be the next company to capitalize on the worldwide boom in demand for lithium.

That demand is being driven by increasing usage of lithium-ion batteries in everything from Apple (NASDAQ: AAPL) iPads to electric vehicles. Some industry veterans predict that demand for the metal could increase 20 percent this year over last.

GTSO is already pursuing a deal to help facilitate new mining opportunities in Canada. Late last month, the company signed a letter of intent (LOI) with CCI Capital SpA to forge an agreement to pursue promising business targets for acquisition and joint venture. This specialist firm has offices in Canada and Chile and has significant expertise in identifying, structuring and developing international business opportunities.

GTSO expects to present them with a definitive consulting arrangement around emerging opportunities in both the traditional mining and urban mining sectors.

For more info on GTSO’s emerging mining initiatives, please visit www. gtsoresources.com.