SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions Inc. (OTCQB:GTSO) announced today that 46 Mongolian rare earth core samples sent to South Korea for mineral analysis have been received by Korea Resources Corp. (KORES).
The core samples were recovered last month from the Avdrant mining site in Mongolia’s Tuv province by a team led by Senior Ph.D. Geologist T.S. Bilgee of the Mongolian University Geological Sciences Department. The KORES laboratory will analyze the samples’ mineral content to confirm the presence of economically recoverable rare earths.
“We’re tremendously excited to send our first batch of rare earth core samples to South Korea,” said GTSO CEO John Shearer. “Now that KORES has received the samples, we’re confident that a positive analysis confirming the value of this project will be forthcoming. With the quality of our ore confirmed, we’ll move forward with mining operations on the property.”
Rare earth minerals are critical to the manufacture of technologies including computers, smartphones, magnets, batteries, wind turbines and solar panels. GTSO has agreements in place for the evaluation and development of mineral assets on more than 17,000 acres in Mongolia that the company believes hold the potential for significant commercial production of rare earth minerals.
“The increasing number of applications for rare earths combined with tightening Chinese export policies continues to drive up the value of the minerals,” Shearer said. “We have received many inquiries into the availability of Mongolian rare earth ore, and preparations are underway to begin production at the first of our mining sites there.”
For more information on GTSO’s rare earth development and export plans, please visit http://www.gtsoresources.com/investors.html.
Green Technology Solutions is exploring the production of rare earth metals in Mongolia to compete in a sector that includes Avalon Rare Metals Inc. (AMEX:AVL), MV Rare Earth/Strategic Metals (NYSEArca:REMX), Rare Element Resources Ltd. (AMEX:REE) and Thompson Creek Metals Company, Inc. (NYSE:TC).
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 and precious metals production 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.