GTSO Readies Rare Earth Transport Office in Mongolia
Green Technology Solutions (PinkSheets: GTSO) and Rare Earth Exporters of Mongolia (REE) are hard at work moving into their new rare earth transportation office in the Mongolian capital of Ulan Bator.
The two companies formed a joint venture earlier this month to procure rare earth mining claims and operations in the developing Asian nation.
Ulan Bator is Mongolia´s largest city and the financial and industrial heart of the former Soviet state. The new office is located in the northern portion of the city. Ulan Bator serves as a major transportation hub in the region and 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.
The office will soon be occupied by Dorj Atantogos, the joint venture´s new Director of Mongolian Operations, and Atarbold Chimedregzen, its new Mongolian Director of Shipping and Exports. Both are Mongolian citizens.
Additional personnel are currently being aggressively recruited to fill out the transportation office´s staff. For career info, please visit www.rareearthexporters.com/careers.html :
.
The transportation office is a key asset in the joint venture´s plans to develop sources of rare earths outside of China for the U.S. and its allies. China currently produces more than 90 percent of the global supply of rare earth, and the communist nation's tightening grasp on these crucial resources is raising concerns in the U.S., Japan and South Korea over the continued security of supplies. Rare earth elements are critical to the manufacture of a wide range of electronic products from iPads to electric car motors and are a crucial component in the weapons manufacturing industry.
Earlier this week, GTSO announced that it approached freight services provider Russian Railways regarding the transport of rare earth ore from Mongolia to Vladivostok. Russian Railways is a major freight provider on the Eurasian continent, offering international freight services for ore and many other types of commodities. The company provides rail service traversing Mongolia from south to north, including passage through Ulan Bator.
For more information on the joint venture´s vision, please visit www.rareearthexporters.com/investors : .
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes Molycorp, Inc. (NYSE.
MCP), Teck Resources Limited (NYSE: TCK), General Dynamics (NYSE:GD) and Honda Motor Company (NYSE: HMC).
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 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.
Green Technology Solutions, Inc.John Shearer, 408-432-7285President
and CEO
The two companies formed a joint venture earlier this month to procure rare earth mining claims and operations in the developing Asian nation.
Ulan Bator is Mongolia´s largest city and the financial and industrial heart of the former Soviet state. The new office is located in the northern portion of the city. Ulan Bator serves as a major transportation hub in the region and 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.
The office will soon be occupied by Dorj Atantogos, the joint venture´s new Director of Mongolian Operations, and Atarbold Chimedregzen, its new Mongolian Director of Shipping and Exports. Both are Mongolian citizens.
Additional personnel are currently being aggressively recruited to fill out the transportation office´s staff. For career info, please visit www.rareearthexporters.com/careers.html :
.The transportation office is a key asset in the joint venture´s plans to develop sources of rare earths outside of China for the U.S. and its allies. China currently produces more than 90 percent of the global supply of rare earth, and the communist nation's tightening grasp on these crucial resources is raising concerns in the U.S., Japan and South Korea over the continued security of supplies. Rare earth elements are critical to the manufacture of a wide range of electronic products from iPads to electric car motors and are a crucial component in the weapons manufacturing industry.
Earlier this week, GTSO announced that it approached freight services provider Russian Railways regarding the transport of rare earth ore from Mongolia to Vladivostok. Russian Railways is a major freight provider on the Eurasian continent, offering international freight services for ore and many other types of commodities. The company provides rail service traversing Mongolia from south to north, including passage through Ulan Bator.
For more information on the joint venture´s vision, please visit www.rareearthexporters.com/investors :
.Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes Molycorp, Inc. (NYSE.
MCP), Teck Resources Limited (NYSE: TCK), General Dynamics (NYSE:GD) and Honda Motor Company (NYSE: HMC).
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 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.
Green Technology Solutions, Inc.John Shearer, 408-432-7285President
and CEO
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