GTSO Moves Forward with New Rare Earth Profit Agreement with Mongolian Mining Company

Definitive Agreement to be Followed by Shipment of Rare Earths from Mongolia to South Korea

SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCQB:GTSO) President and CEO John Shearer said today that the company is close to finalizing a new profit agreement with the Mongolian mining and trading company Ar Erkhes, LLC.

“It’s very likely that we’ll announce the agreement’s signing this week in order to proceed with the first shipment of ore to South Korea.”

Last week, the two companies signed a letter of intent to participate in a profit agreement for the excavation and shipping of rare earth ore from three sites in Mongolia to South Korea. Excavation of rare earth ore for the initial shipment is currently underway at Ar Erkhes’ Avdrant mine in Mongolia’s Tuv province. Once the profit agreement is signed, 15 tons of minerals are set to be transported via rail to the international seaport of Vladivostok, Russia. From there, the ore will be shipped to South Korea.

“We’re very close to coming to terms with Ar Erkhes on this profit agreement, as both sides are very eager to move forward with our rare earth export plans,” Shearer said. “It’s very likely that we’ll announce the agreement’s signing this week in order to proceed with the first shipment of ore to South Korea.”

Rare earths are crucial to the production of wind turbines, electric engines, solar panels and other green energy solutions. The critical materials are likewise essential for the manufacture of automobiles, smartphones and military hardware. GTSO is planning the initial shipment to South Korea as the first step in gaining approval to sell rare elements to buyers there.

Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes Rio Tinto plc (NYSE: RIO), MV Rare Earth/Strategic Metals (NYSEArca: REMX), United Technologies Corp. (NYSE: UTX) and Textron Inc. (NYSE: TXT).

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.

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Source:www.businesswire.com