Green Technology Solutions successfully fuses together cutting-edge cleantech solutions with parallel interests in rare earth and precious metals exploration via the Company’s Rare Earth Exporters division. The Company announced today closing of a $3.25M financing agreement to further develop and evaluate rare earth minerals with the goal of advancing those projects to profitability.
CEO of GTSO, John Shearer, made an argument with unshakeable logic: rare earth minerals are the cornerstone of modern technologies and thus are an incredibly valuable resource, whether we are talking cell phones and iPads, or wind turbines, solar cells and electric car batteries. Shearer’s dedication to advancing extant rare earth projects to fruition with the financing was made clear.
Rare earth minerals were recently identified as a key strategic resource for the US and the Company’s own work in Mongolia and other target-rich hot spots will potentially help fuel the economy moving forward. The Company has agreements in place for some 17k acres of prime mineralized acreage in Mongolia which has been identified by GTSO as having significant commercial production value.
Recent announcements by China, which currently accounts for a whopping 90% or more of the global inputs for rare earths, of curtailing exports has sent prices through the roof and created a clear market vector for companies like GTSO. The facts are we need rare earths to fuel the future of the US market and world markets alike, China’s policy is clear and thus the potential for developments related to this new financing for GTSO cannot be underestimated.
A massive opportunity here for GTSO and others to seize solid and ever more stable footing in what is an inescapable market pipeline. Mongolia and even sites within the US are clearly positive targets for development and ultimately having access to rare earths will place GTSO as a leading green/clean-tech developer in a particularly dynamic position.
For more information on the agreement, or on continuing developments at Green Technology Solutions, Inc., please visit the Company’s website at: www.GreenTech-Solutions.com
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