Green Technology Solutions Inc. (OTCQB: GTSO) announced today that the company’s rare earth mining talks with the nation of Kenya are moving forward after a productive meeting last week between GTSO’s African mining consultant and the CEO of Kenya’s Chamber of Mines.
Emmanuel Nino Wenegieme, CEO of Nigerian engineering and consulting company Straight Street International (SSIL), met with Kenya’s top mining official on Friday to detail GTSO’s interest in developing new sources of rare earth elements in the region. Earlier this month, SSIL signed an option agreement to serve as GTSO's African mining consultant and liaison in Kenya, Botswana and other nations as the company searches for profitable new mining projects.
“We had a very productive meeting that allowed me to introduce Green Technology Solutions to the Chamber and detail the company’s interest in developing new rare earth mining operations in Kenya,” Wenegieme said. “The Kenyan government is very eager to develop new resources, including rare earths, and we were encouraged to pursue these interests with the full support of the Chamber of Mines.”
As rare earth prices continue to soar worldwide, GTSO has placed a high priority on developing new sources of the sought-after metals in southern Africa. The company recently signed an option agreement with Hampden Pait Holdings Ltd. (HPH) to explore gold, diamond and rare earth deposits in the Republic of Congo, and with the help of SSIL, GTSO now seeks to forge similar business relationships in other African nations in the region.
“The Kenyan government plans to undertake new geophysical studies of the country’s mineral deposits to replace outdated data from the 1960s,” Wenegieme said. “We plan to assist the Chamber of Mines in securing outside funding for these studies to help get the ball rolling and fast-track the process.”
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 3M Co. (NYSE: MMM).
For more information on GTSO’s mission, please visit http://www.greentech-solutions.com/investors.
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.
John Shearer, 408-432-7285
President and CEO
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