Exploding Gold Prices Support GTSO’s Mining Development Plans
SAN JOSE, Calif.--(EON: Enhanced Online News)--The outlook for Green Technology Solutions’ (OTCQB:GTSO) rare earth and precious metals development plans brightened last week as the prices for gold reached a new high of $1,800 per ounce. Earlier this year, GTSO signed a profit sharing agreement with Ar Erkhes, LLC, to develop gold and precious metals in Mongolia.
Last week, Standard and Poor’s recommended gold and gold miners as top investment picks. The firm’s report cited rising global demand for gold forecasted to outstrip supply “for the foreseeable future” in its recommendation. Gold’s new high last Wednesday brought the commodity’s one-year gain to an unprecedented 49 percent, driven largely by concerns about U.S. and European government debt and a slowdown in global economic growth.
“The value of gold has risen more than 300 percent in the past decade, and the ascent may only be beginning,” said GTSO President and CEO John Shearer. “Current global output is stagnant even as central banks around the world are investing heavily in gold and demand is growing from emerging-market consumers in China, India and elsewhere.
“Gold and other precious metals are essential to the manufacture of many emerging green technologies, and our company plans to develop new resources to help ensure the green-tech sector’s continued growth,” he added.
Enticed by Mongolia’s estimated 32 million ounces of gold reserves, GTSO inked a profit agreement with Mongolian mining company Ar Erkhes in June to evaluate gold and other metals at a mineral-rich site in the nation’s Selenge province.
For more information and performance data on GTSO’s precious metals division, please visit http://www.gtsogold.com/investors.html.
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes the Kinross Gold Corporation (NYSE:KGC), MV Rare Earth/Strategic Metals (NYSEArca: REMX), SPDR Gold Shares (NYSEArca: GLD) and AngloGold Ashanti (NYSE:AU).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (OTCQB:GTSO) is a growth-oriented clean energy and rare earth elements company that is exploring rare earth metals production in Mongolia as well as exploring new clean, green technologies with large, scalable markets in the United States. GTSO pursues the acquisition of rare earths, using the latest green-tech innovations. GTSO is an OTCQB publicly traded company. For more information, please visit our website at [http://www.GreenTech-Solutions.com]. For investment information and performance data on the company, please visit http://www.GreenTech-Solutions.com/investors.html. Information on GTSO’s precious metals division can be found at http://www.gtsogold.com/investors.html. Information on the company’s rare earth resources division can be viewed at http://www.gtsoresources.com/investors.html.
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
info@greentech-solutions.com
Last week, Standard and Poor’s recommended gold and gold miners as top investment picks. The firm’s report cited rising global demand for gold forecasted to outstrip supply “for the foreseeable future” in its recommendation. Gold’s new high last Wednesday brought the commodity’s one-year gain to an unprecedented 49 percent, driven largely by concerns about U.S. and European government debt and a slowdown in global economic growth.
“The value of gold has risen more than 300 percent in the past decade, and the ascent may only be beginning,” said GTSO President and CEO John Shearer. “Current global output is stagnant even as central banks around the world are investing heavily in gold and demand is growing from emerging-market consumers in China, India and elsewhere.
“Gold and other precious metals are essential to the manufacture of many emerging green technologies, and our company plans to develop new resources to help ensure the green-tech sector’s continued growth,” he added.
Enticed by Mongolia’s estimated 32 million ounces of gold reserves, GTSO inked a profit agreement with Mongolian mining company Ar Erkhes in June to evaluate gold and other metals at a mineral-rich site in the nation’s Selenge province.
For more information and performance data on GTSO’s precious metals division, please visit http://www.gtsogold.com/investors.html.
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes the Kinross Gold Corporation (NYSE:KGC), MV Rare Earth/Strategic Metals (NYSEArca: REMX), SPDR Gold Shares (NYSEArca: GLD) and AngloGold Ashanti (NYSE:AU).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (OTCQB:GTSO) is a growth-oriented clean energy and rare earth elements company that is exploring rare earth metals production in Mongolia as well as exploring new clean, green technologies with large, scalable markets in the United States. GTSO pursues the acquisition of rare earths, using the latest green-tech innovations. GTSO is an OTCQB publicly traded company. For more information, please visit our website at [http://www.GreenTech-Solutions.com]. For investment information and performance data on the company, please visit http://www.GreenTech-Solutions.com/investors.html. Information on GTSO’s precious metals division can be found at http://www.gtsogold.com/investors.html. Information on the company’s rare earth resources division can be viewed at http://www.gtsoresources.com/investors.html.
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
info@greentech-solutions.com
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