SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCQB: GTSO) disclosed today that the company is in the process of selecting a South Korean mineral laboratory to conduct an assay of ore samples from the first of three Mongolian rare earth mines that GTSO is working to develop.
Last week, GTSO announced a new Profit Participation Agreement with Mongolian mining and trading company ArErkhes, LLC, to facilitate the mining of rare earths at three sites in the developing Asian nation. GTSO plans to select a South Korean lab this week to confirm the presence of rare earths in ore collected from the first of these three mining properties, ArErkhes’ Avdrant Mine in Mongolia’s Tuv province.
“Although our initial mineral reports on all three Mongolian mining sites have confirmed the presence of rare earths, we’d like an established and respected South Korean laboratory to reconfirm the variety and density of critical metals in the ore,” said GTSO President and CEO John Shearer. “We plan to begin exporting rare earths from Mongolia to South Korea as soon as possible, and our company believes that South Korean analysis of the ore will help reassure potential buyers there that they will be getting exactly what they wanted.”
GTSO’s South Korean business consultant will handle the search for a suitable lab, Shearer said. The company engaged the consultant in April to assist in coordinating shipments of Mongolian rare earth ores to South Korea from the international seaport of Vladivostok, Russia.
For more information on GTSO’s rare earths export strategy, please visit http://www.rareearthexporters.com.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that affects Freeport-McMoRan Copper & Gold, (NYSE: FCX), Neo Material Technologies Inc. (Toronto: NEM), MV Rare Earth/Strategic Metals (NYSEArca: REMX) and Toyota Motor Corp. (NYSE: TM).
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.
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