GTSO President to Meet With Mongolian Embassy Staff Today in D.C.
SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions (PinkSheets:GTSO) President and CEO John Shearer will meet today with a commercial attaché at the Embassy of Mongolia in Washington, D.C., to coordinate and expedite new rare earth exports from the developing Asian nation.
GTSO and Rare Earth Exporters of Mongolia (REE) formed a joint venture earlier this month to pursue rare earth mining claims and operations in Mongolia. The joint venture plans to convey Mongolian mining products overland to railway for transport to the international seaport of Vladivostok, Russia, in order to avoid shipping through China. Destination ports for these mining products are set to include the U.S., Japan and South Korea, checkmating China’s strategic export policies.
Shearer is scheduled to meet with the attaché at 3 p.m. EST. He said on Tuesday that he looked forward to presenting the joint venture’s plans to bring jobs and economic development to Mongolia.
“It will be a true privilege to express our enthusiasm for developing rare earth projects in Mongolia to embassy officials in person,” Shearer said. “I am very pleased to discuss any potential assistance they might be able to provide.”
Rare earth elements are critical to the manufacture of products such as batteries, solar cells and advanced electric motors in addition to strategic defense and weapons systems. Today, more than 90 percent of the global supply of rare earth elements is produced in China. The vast majority of China’s rare earths are mined in the country’s Inner Mongolia region, which lies along the southern border of the nation of Mongolia. Many experts believe that Mongolia, a former Soviet state, contains rare earth deposits that rival those of China.
By developing a new source of rare earths outside of China, GTSO aims to counter the rising security threat posed by China’s near-monopoly over materials critical to the U.S.’s energy and defense industries. The government of Japan recently announced that it would promote projects to develop rare-earth minerals in Mongolia in an effort to diversify sources of materials needed for high-tech products.
For investment information, please visit http://www.RareEarthExporters.com/Investors.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that affects Northrop Grumman (NYSE:NOC), Toyota Motor Corp. (NYSE:TM), Dell, Inc. (NASDAQ:DELL) and General Electric (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
GTSO and Rare Earth Exporters of Mongolia (REE) formed a joint venture earlier this month to pursue rare earth mining claims and operations in Mongolia. The joint venture plans to convey Mongolian mining products overland to railway for transport to the international seaport of Vladivostok, Russia, in order to avoid shipping through China. Destination ports for these mining products are set to include the U.S., Japan and South Korea, checkmating China’s strategic export policies.
Shearer is scheduled to meet with the attaché at 3 p.m. EST. He said on Tuesday that he looked forward to presenting the joint venture’s plans to bring jobs and economic development to Mongolia.
“It will be a true privilege to express our enthusiasm for developing rare earth projects in Mongolia to embassy officials in person,” Shearer said. “I am very pleased to discuss any potential assistance they might be able to provide.”
Rare earth elements are critical to the manufacture of products such as batteries, solar cells and advanced electric motors in addition to strategic defense and weapons systems. Today, more than 90 percent of the global supply of rare earth elements is produced in China. The vast majority of China’s rare earths are mined in the country’s Inner Mongolia region, which lies along the southern border of the nation of Mongolia. Many experts believe that Mongolia, a former Soviet state, contains rare earth deposits that rival those of China.
By developing a new source of rare earths outside of China, GTSO aims to counter the rising security threat posed by China’s near-monopoly over materials critical to the U.S.’s energy and defense industries. The government of Japan recently announced that it would promote projects to develop rare-earth minerals in Mongolia in an effort to diversify sources of materials needed for high-tech products.
For investment information, please visit http://www.RareEarthExporters.com/Investors.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that affects Northrop Grumman (NYSE:NOC), Toyota Motor Corp. (NYSE:TM), Dell, Inc. (NASDAQ:DELL) and General Electric (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
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