SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCQB:GTSO) announced today that its consultant met last week with representatives of the U.S. Trade Development Agency (USTDA) in Washington, D.C., to explore potential financing opportunities in support of the company’s efforts to develop new rare earth mines in Sub-Saharan Africa.
With prices for rare earths exploding around the world, GTSO has prioritized the development of new sources of the valuable minerals in Sub-Saharan Africa. With the help of Nigerian engineering and consulting company Straight Street International (SSIL), GTSO is currently working to forge new business relationships in other Sub-Saharan nations including Kenya and Botswana.
The USTDA’s involvement could be invaluable to the company’s efforts to establish new mining operations in the region, said GTSO President and CEO John Shearer.
“USTDA has funded several resource projects in Sub-Saharan Africa and elsewhere around the world,” Shearer said. “They can provide GTSO with a wealth of knowledge, expertise and direction as we continue to explore ways to facilitate rare earth and precious metal recovery throughout Southern Africa.”
Shearer reported that USTDA agents encouraged the company to continue its efforts in Sub-Saharan Africa.
GTSO is already pursuing new rare earth mining development in Mongolia. Earlier this year, the company added precious metals to its core mining goals, forming a global strategic profit alliance with the Beijing Bullion Transfer Group (BBTG), an experienced international trader of gold, silver, platinum and other valuable metals. According to the alliance agreement, BBTG will find, develop and market gold and precious metals on properties in Mongolia, Africa and beyond while GTSO provides necessary start-up expenses and operating costs.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes Avalon Rare Metals Inc. (AMEX: AVL), MV Rare Earth/Strategic Metals (NYSEArca: REMX), Quest Rare Minerals Ltd. (AMEX: QRM)and China Shen Zhou Mining & Resources, Inc. (AMEX: SHZ).
For more information on GTSO’s efforts to develop new sources of rare earth minerals around the world, please visit http://www.rareearthexporters.com/Investors.
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. [http://www.greentech-solutions.com] 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 investment information, please visit http://www.GreenTech-Solutions.com/Investors.
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