Excavation Underway for GTSO’s First Rare Earth Shipment to S. Korea
SAN JOSE, Calif.--(BUSINESS WIRE)-- Green Technology Solutions, Inc. (OTCQB: GTSO) announced today that excavation is underway in Mongolia for the company’s first shipment of rare earth ore to South Korea.
GTSO President and CEO John Shearer returned to the U.S. from a trip to Mongolia to supervise preparations for the shipment. GTSO is currently performing due diligence toward a new profit participation agreement with ArErkhes, LLC, for the development of three rare earth mining sites there. Digging began this week at the first of these sites, ArErkhes’ Avdrant mine in the Bayandelger Soum of Mongolia’s Tuv province.
GTSO plans to send 15 tons of rare earth ore from Mongolia to South Korea for analysis as soon as possible.
“The Chinese transport company Asia Direct Trade will handle the transportation of this initial shipment,” Shearer said. “We are very excited to make the first of what we anticipate will be many shipments of rare earth ore to buyers in South Korea and around the world.”
Rare earth ore from the Avdrant mine is set to be loaded into three five-ton sacks and placed in an intermodal shipping container for transport, Shearer said. Plans call for the ore to be sent by rail to the international seaport of Vladivostok to be shipped to an Inchon mineral lab.
GTSO is working to build new rare earth supply lines to the U.S. and its allies through its efforts to develop new mines in Mongolia and elsewhere. Rare earths are critical to the manufacture of smartphones, automobiles and consumer electronics in addition to green energy technology. GTSO has already received inquiries from potential buyers from around the world regarding the availability of elements mined in Mongolia.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes General Moly, Inc. (AMEX: GMO), MV Rare Earth/Strategic Metals (NYSEArca:REMX), Silver Wheaton Corp. (NYSE: SLW) and General Electric Co. (NYSE: GE).
About Green Technology Solutions, Inc.
The next generation of green technology—electric car batteries, wind turbine generators, photovoltaic solar panels—is made possible by precious elements mined from the earth’s crust, and the world’s dependence on these substances is rising fast. Today, these rare elements largely come from some of the most environmentally damaging mines in the world. Green Technology Solutions, Inc. offers clean mining solutions to the acquisition of rare earths, gold and other materials used in the latest green-tech innovations. Our cutting-edge clean mining techniques and strategies are generating business leads from around the globe as governments and corporations seek to lessen the environmental impacts of ore mining. GTSO is positioned to capitalize on exciting and potentially lucrative opportunities to develop cleaner mines in emerging nations around the world, including Mongolia, the Republic of Congo and many more. Our company is focused on aggressively growing and diversifying our business in order to produce green mining solutions for our clients on a global scale.
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 acquires, develops and implements 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6737131&lang=en
Green Technology Solutions, Inc.John Shearer, 408-432-7285President and CEO
Source: Green Technology Solutions, Inc.
GTSO President and CEO John Shearer returned to the U.S. from a trip to Mongolia to supervise preparations for the shipment. GTSO is currently performing due diligence toward a new profit participation agreement with ArErkhes, LLC, for the development of three rare earth mining sites there. Digging began this week at the first of these sites, ArErkhes’ Avdrant mine in the Bayandelger Soum of Mongolia’s Tuv province.
GTSO plans to send 15 tons of rare earth ore from Mongolia to South Korea for analysis as soon as possible.
“The Chinese transport company Asia Direct Trade will handle the transportation of this initial shipment,” Shearer said. “We are very excited to make the first of what we anticipate will be many shipments of rare earth ore to buyers in South Korea and around the world.”
Rare earth ore from the Avdrant mine is set to be loaded into three five-ton sacks and placed in an intermodal shipping container for transport, Shearer said. Plans call for the ore to be sent by rail to the international seaport of Vladivostok to be shipped to an Inchon mineral lab.
GTSO is working to build new rare earth supply lines to the U.S. and its allies through its efforts to develop new mines in Mongolia and elsewhere. Rare earths are critical to the manufacture of smartphones, automobiles and consumer electronics in addition to green energy technology. GTSO has already received inquiries from potential buyers from around the world regarding the availability of elements mined in Mongolia.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes General Moly, Inc. (AMEX: GMO), MV Rare Earth/Strategic Metals (NYSEArca:REMX), Silver Wheaton Corp. (NYSE: SLW) and General Electric Co. (NYSE: GE).
About Green Technology Solutions, Inc.
The next generation of green technology—electric car batteries, wind turbine generators, photovoltaic solar panels—is made possible by precious elements mined from the earth’s crust, and the world’s dependence on these substances is rising fast. Today, these rare elements largely come from some of the most environmentally damaging mines in the world. Green Technology Solutions, Inc. offers clean mining solutions to the acquisition of rare earths, gold and other materials used in the latest green-tech innovations. Our cutting-edge clean mining techniques and strategies are generating business leads from around the globe as governments and corporations seek to lessen the environmental impacts of ore mining. GTSO is positioned to capitalize on exciting and potentially lucrative opportunities to develop cleaner mines in emerging nations around the world, including Mongolia, the Republic of Congo and many more. Our company is focused on aggressively growing and diversifying our business in order to produce green mining solutions for our clients on a global scale.
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 acquires, develops and implements 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6737131&lang=en
Green Technology Solutions, Inc.John Shearer, 408-432-7285President and CEO
Source: Green Technology Solutions, Inc.
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