Straight Street International May Act as GTSO's Liaison with African Mining Authorities
Green Technology Solutions, Inc. (OTCQB:GTSO) took another step toward expanding its mining projects into southern Africa this week by signing a new option agreement with Nigerian engineering and consulting company Straight Street International (SSIL).
According to the terms of the option agreement, GTSO will have 60 days to conduct due diligence toward a definitive agreement with SSIL. GTSO President and CEO John Shearer said Tuesday that SSIL would serve as the company's African mining consultant and liaison in Botswana, Kenya and other nations as GTSO searches for potentially profitable new rare earths development projects.
"We are now working to engage SSIL as our on-the-ground consultants in southern Africa as we move forward with our mining initiative in the region," Shearer said. "SSIL has the expertise to conduct the geological surveys and studies needed to expand our operations into Kenya and Botswana. Upon the completion of a potential definitive agreement with GTSO, SSIL would be tasked with finding exciting and dependable new partners and alliances in Africa to assist with the development of new mining projects there."
With prices for rare earths and precious metals exploding around the world, Green Technology Solutions has placed a high priority on developing new sources of the in-demand elements in southern Africa. Earlier this month, GTSO announced the signing of a new option agreement with Hampden Pait Holdings Ltd. (HPH) to explore gold, diamond and rare earth deposits in the Republic of Congo. GTSO is now working to forge similar business relationships in other African nations in the region.
"Many African nations are actively seeking U.S. companies' help in commercializing their natural resources," Shearer said. "GTSO views this region of the world as a potentially significant addition to our rare earth and precious metals mining strategy."
For more information on GTSO's minerals strategy, please visit http://www.rareearthexporters.com.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes Toyota Motor Corp. (NYSE: TM), MV Rare Earth/Strategic Metals (NYSEArca: REMX), Honda Motor Co., Ltd. (NYSE: HMC) and General Electric Co. (NYSE: GE).
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.
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.
Contacts:
Green Technology Solutions, Inc.
John Shearer, 408-432-7285
President
and CEO
