GTSO President Returns to D.C. for High-Level Rare Earths Briefing
03/10/2011| 09:10am US/Eastern
Green Technology Solutions President and CEO John Shearer travels back
to Washington, D.C., today to attend Friday's briefing by the
Environmental and Energy Study Institute (EESI) on rare earth elements
and strategic metals.
The public briefing, which is to be held at the Capitol Visitors Center,
will address the global supply of critical materials such as rare
earths, including policy opportunities to strengthen American expertise
in the occurrence, discovery, extraction, processing and recycling of
these commodities. Speakers for the event include Mark Johnson of the
U.S. Department of Energy, Kate Johnson of the U.S. Geological Survey
Mineral Resources Program, Andy Davis of Molycorp Minerals (NYSE: MCP)
and Dudley Kingsnorth of Industrial Minerals Company of Australia
Shearer said on Wednesday that he looks forward to hearing the
panelists' ideas to protect the U.S. and its allies from possible
shortages of rare earths and other critical materials. More than 97
percent of the world's supply of rare earths is produced in China, which
has continually lowered its rare earth export quotas in recent years.
?This briefing is an ideal opportunity for me to meet the industry
leaders and government officials who are helping to shape rare earth
mining and development around the globe,? Shearer said. ?GTSO is
committed to developing new sources of rare earths outside of China, and
it is critical to our success that we have the most accurate and
up-to-date information available on how our competitors and the
government plan to tackle the issue of U.S. rare earths
Legislation concerning rare earths and strategic metals is likely to be
a hot topic at the briefing. Last year, the House of Representatives
passed bipartisan legislation that would have established a program
within the Department of Energy (DOE) for research and development of
rare earth elements and broadened existing loan guarantee programs to
spur private investment in the critical materials. Sen. Lisa Murkowski
of Arkansas introduced similar legislation in the Senate. In the 112th
Congress, bipartisan sponsors in the House and Senate plan to introduce
legislation to support education and research to rebuild and maintain
American expertise in critical materials. In addition, the DOE's budget
request for the next fiscal year would create a new Energy Innovation
Hub focusing on rare earths.
Shearer was in Washington, D.C., last week for a meeting at the Embassy
of Mongolia about the company's plans to develop sources of rare earths
inside the former Soviet state. GTSO formed a joint venture with Rare
Earth Exporters of Mongolia in February to pursue rare earth mining
claims and operations in the developing Asian nation. The joint venture
plans to convey Mongolian mining products overland to railway for
transport to the international 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, checkmating
China's strategic export policies.
By developing a new source of rare earths outside of China, GTSO aims to
counter the rising security threat posed by China's near-monopoly over
materials critical to the U.S.'s energy and defense industries.
For investment information, please visit http://www.RareEarthExporters.com.
Green Technology Solutions commercializes clean and renewable mining
technology and products in a sector that affects Peabody Energy Corp.
(NYSE: BTU), Danaher Corp. (NYSE: DHR), CONSOL Energy Inc. (NYSE: CNX)
and Lockheed Martin Corp. (NYSE: LMT).
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.
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Green Technology Solutions, Inc.
President and CEO
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