SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions (OTCBB:GTSO) President and CEO John Shearer will travel to the Mongolian embassy Washington, D.C., this week 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.
“We are very pleased to be meeting with embassy officials, and we look forward to showing them our plan to bring jobs and economic development to Mongolia,” Shearer said. “By acquiring mining claims and operations in Mongolia, we believe GTSO can help secure a steady supply of rare earths while instituting cleaner mining technology to minimize environmental contamination.”
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.
For investment information, please visit http://www.RareEarthExporters.com.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that affects Molycorp, Inc. (NYSE:MCP), General Electric (NYSE: GE), Apple (NASDAQ: AAPL) and The Boeing Company (NYSE: BA).
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.
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