Health & Fitness
Wed, March 2, 2011Tue, March 1, 2011Mon, February 28, 2011Sun, February 27, 2011Fri, February 25, 2011Thu, February 24, 2011Wed, February 23, 2011Tue, February 22, 2011Mon, February 21, 2011Sun, February 20, 2011Fri, February 18, 2011Thu, February 17, 2011Wed, February 16, 2011Tue, February 15, 2011Mon, February 14, 2011Scientistsa? Report Calls for New Sources of Rare Earths to Avoid Shortages
Published in Health and Fitness on Wednesday, February 23rd 2011 at 6:06 GMT by Market Wire
SAN JOSE, Calif.--([ BUSINESS WIRE ])--A report released last week by two influential American scientific groups supports Green Technology Solutionsa™ (OTCBB:GTSO) assertion that green and renewable-energy technologies are threatened by potential rare-earth supply shortages.
According to the report released on Friday by the American Physical Society and the Materials Research Society, products such as batteries, solar cells and advanced electric motors are dependent on critical metals and other elements that are threatened by major shortages. The threat to supplies comes not only from geopolitics, as with leading producer Chinaa™s restricting exports of rare earth elements, the report said. More fundamentally, it said, global production of many vital materials is simply not keeping pace with demand. Shortages of rare earths and other critical elements could keep mass adoption of clean energy alternatives out of reach.
Green Technology Solutions is working to change that. Earlier this week, GTSO announcedthat the company is negotiating a letter of intent with Arizona-based WCI Brokers to acquire the Rio Del Monte Mining properties and assets in La Paz County, Ariz. GTSO is interested in potentially developing the mine into a domestic source of rare earth elements. Though the property has never been mined for rare earths before, GTSO President and CEO John Shearer said Tuesday that the companya™s analysis indicates that Rio Del Monte could become a very profitable domestic source of rare earths.
Earlier this month, GTSO announced that it entered into a joint venture agreement with Rare Earth Exporters of Mongolia (REE) in order to procure rare-earth mining claims and operations in the developing Asian nation of Mongolia. Rare earths are critical to the construction of a wide range of electronic products from iPads to electric car motors and are a crucial component in the weapons manufacturing industry.
The vast majority of Chinaa™s rare earths are mined in the countrya™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.
The joint venture plans to convey Mongolian mining products overland to railway for transport to the 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.
For investment information, please visit[ www.RareEarthExporters.com ].
GTSO commercializes clean and renewable mining technology and products in a sector that includes funds such as SPDR Gold Trust (NYSEArca: GLD), iShares Silver Trust (NYSEArca: SLV), ETFS Physical Platinum Shares (NYSEArca: PPLT) and ETFS Physical Palladium Shares (NYSEArca: PALL).
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.
