GTSO Thrilled by Rare Earth Inquiries from 3M and Others
Demand is Growing for Rare Earths Mined in the U.S. and Mongolia.
SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions Inc. (OTCQB: GTSO) announced today it has received inquiries from around the world regarding the potential purchase of rare earth elements that GTSO plans to mine in the U.S. and Mongolia.
With GTSO’s mining operations yet to begin, commodities buyers from corporations such as 3M (NYSE: MMM) have already contacted Green Technology Solutions through its Web site to inquire about the elements, pricing and lead times the company expects to soon provide to commercial clients. The company has even received interest from manufacturers as far away as India. GTSO President and CEO John Shearer said Monday that the early inquiries were more evidence of supply concerns sparked by China’s new rare earth policies. Responsible for more than 95 percent of the world’s supply of rare elements, China has recently announced a series of policies designed to limit the amount of rare earths mined and exported from within its borders.
“Rare earth elements are absolutely essential to the manufacture of a wide variety of products, including electronic components, new automobiles and green technologies,” Shearer said. “China is sending signals that it is not prepared to continue supplying the world with these critical materials by itself. Its new policies have generated a great deal of interest in procuring rare earths mined elsewhere.”
Green Technology Solutions is working to help ensure a stable and affordable supply of rare earths to the U.S. and its allies by developing new sources of the heavy elements outside of China. A joint venture formed by GTSO and Rare Earth Exporters of Mongolia (REE) is analyzing four new potential mining sites in that developing Asian nation, China’s neighbor to the north. Many experts believe that Mongolia’s untapped rare earth reserves could rival those of China.
To learn more about the joint venture’s Mongolian rare earth export strategies, please visit http://www.rareearthexporters.com.
GTSO also recently signed a letter of intent to acquire the Rio Del Monte Mining properties near Salome, Ariz., in hopes of developing the site into a source of rare earth elements inside the U.S.
“A thorough geological analysis of these new mining properties will allow us to decide where best to begin digging,” Shearer said. “We are working quickly in order to begin rare earth production at home and abroad to help begin satisfying the growing global demand for these materials.”
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that affects Greenland Minerals and Energy Limited (ASX: GGG), Lynas Corporation Ltd. (ASX: LYC) and MV Rare Earth/Strategic Metals (NYSEArca: REMX).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (GTSO) is an OTCQB publicly traded company. OTCQB is the middle tier of the OTC market. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. GTSO strives to acquire, develop and implement the newest clean mining technology to enable our partner clients to expand operations throughout the world. Environmental restrictions represent the largest restriction to mining industry growth and operations. GTSO focuses on overcoming these environmental restrictions with brilliant cutting-edge clean mining technology.
For more information, please visit http://www.GreenTech-Solutions.com.
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.
Contacts
Green Technology Solutions, Inc.
John Shearer, 408-432-7285
SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions Inc. (OTCQB: GTSO) announced today it has received inquiries from around the world regarding the potential purchase of rare earth elements that GTSO plans to mine in the U.S. and Mongolia.
With GTSO’s mining operations yet to begin, commodities buyers from corporations such as 3M (NYSE: MMM) have already contacted Green Technology Solutions through its Web site to inquire about the elements, pricing and lead times the company expects to soon provide to commercial clients. The company has even received interest from manufacturers as far away as India. GTSO President and CEO John Shearer said Monday that the early inquiries were more evidence of supply concerns sparked by China’s new rare earth policies. Responsible for more than 95 percent of the world’s supply of rare elements, China has recently announced a series of policies designed to limit the amount of rare earths mined and exported from within its borders.
“Rare earth elements are absolutely essential to the manufacture of a wide variety of products, including electronic components, new automobiles and green technologies,” Shearer said. “China is sending signals that it is not prepared to continue supplying the world with these critical materials by itself. Its new policies have generated a great deal of interest in procuring rare earths mined elsewhere.”
Green Technology Solutions is working to help ensure a stable and affordable supply of rare earths to the U.S. and its allies by developing new sources of the heavy elements outside of China. A joint venture formed by GTSO and Rare Earth Exporters of Mongolia (REE) is analyzing four new potential mining sites in that developing Asian nation, China’s neighbor to the north. Many experts believe that Mongolia’s untapped rare earth reserves could rival those of China.
To learn more about the joint venture’s Mongolian rare earth export strategies, please visit http://www.rareearthexporters.com.
GTSO also recently signed a letter of intent to acquire the Rio Del Monte Mining properties near Salome, Ariz., in hopes of developing the site into a source of rare earth elements inside the U.S.
“A thorough geological analysis of these new mining properties will allow us to decide where best to begin digging,” Shearer said. “We are working quickly in order to begin rare earth production at home and abroad to help begin satisfying the growing global demand for these materials.”
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that affects Greenland Minerals and Energy Limited (ASX: GGG), Lynas Corporation Ltd. (ASX: LYC) and MV Rare Earth/Strategic Metals (NYSEArca: REMX).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (GTSO) is an OTCQB publicly traded company. OTCQB is the middle tier of the OTC market. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. GTSO strives to acquire, develop and implement the newest clean mining technology to enable our partner clients to expand operations throughout the world. Environmental restrictions represent the largest restriction to mining industry growth and operations. GTSO focuses on overcoming these environmental restrictions with brilliant cutting-edge clean mining technology.
For more information, please visit http://www.GreenTech-Solutions.com.
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.
Contacts
Green Technology Solutions, Inc.
John Shearer, 408-432-7285
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