GTSO Rare Earth JV Hires Mongolian Reconnaissance Survey Geological Team

SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCBB: GTSO) announced today that the joint venture between the GTSO and Rare Earth Exporters of Mongolia have engaged the Mongolian Reconnaissance Survey LLC (MRS). MRS is officially registered by the Mongolian Registration Office and was founded by Mongolian citizens who are experienced and qualified in the fields of geology, exploration and mining operations. The company specializes in geological exploration and mapping.

GTSO and Rare Earth Exporters of Mongolia announced earlier this month that the companies formed a joint venture to procure rare earth mining claims and operations in the nation of Mongolia. The engagement of MRS is expected to greatly assist in achieving the priorities of the joint venture.

The Mongolian Reconnaissance Survey LLC can be seen at: www.monrecsur.com

“The added expertise of the Mongolian Reconnaissance Survey team should give our joint venture a leg up on achieving our rare earth export mission,” said GTSO President and CEO John Shearer. “Using a local firm that is more acquainted with the geology and has more experience with the regulations in Mongolia is an important step in the procedure.”

Rare Earths are essential to the production of clean energy technologies such as weapons and defense systems, hybrid and electric car batteries, solar panels and wind turbines, and flat-screen TVs and monitors. Currently, China produces around 95 percent of the world’s supply of these critical materials. Economic strategy and environmental concerns in China are leading to fewer mining permits, fewer exports and rising prices. The vast majority of rare earths in China are mined in the country’s Inner Mongolia province, which borders the nation of Mongolia. Many believe that Mongolia can produce significant rare earths to help offset the current Chinese monopoly.

The nation of Mongolia is connected by rail to the Trans-Siberian Railway in neighboring Russia. The joint venture plans to utilize that transportation infrastructure to convey Mongolian rare-earth mining products to the international Russian seaport of Vladivostok. This strategy would allow for shipping of rare earths directly to the U.S., Japan and South Korea without having to transport them through China.

Rare Earth Exporters of Mongolia maintains a website at: www.rareearthexporters.com

GTSO commercializes clean and renewable mining technology and products in a sector that affects Molycorp, Inc. (NYSE: MCP), Northrop Grumman (NYSE: NOC), Apple Inc. (NASDAQ: AAPL) and General Electric Co. (NYSE: GE).

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 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.
Contacts

Green Technology Solutions, Inc.
John Shearer, 408-432-7285
President and CEO

Comments

Popular posts from this blog