GTSO Signs Joint Venture Agreement
SAN JOSE, Calif.--(Diamond V Associates, Inc.)--GTSO Resources (OTCQB:GTSO) took a major step forward last week in its mission to deliver tungsten and other minerals to a thriving global demand by signing a joint venture agreement with Alaskan mining company
“Diamond’s president, W. Kirk Bastian, brings 21 years of experience in the mining and excavation business to the table, and his company has extensive contacts in Alaska, Africa, and other mining hotbeds with a range of minerals.”
The joint venture will allow GTSO to provide funding and business expertise in exchange for DVA’s expertise in researching, planning and developing promising reserves of tungsten and other valuable metals in North America and Africa. Both companies have been prospecting and reviewing resources and will now engage to target and evaluate new and existing mineral excavation opportunities globally.
“After months of strategy development and negotiations, we are confident Diamond V Associates will be a strong ally in our mission to secure reliable supplies of tungsten and precious manufacturing metals to thriving industries within the U.S. and abroad,” said GTSO CEO Paul Watson. “Diamond’s president, W. Kirk Bastian, brings 21 years of experience in the mining and excavation business to the table, and his company has extensive contacts in Alaska, Africa, and other mining hotbeds with a range of minerals.”
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes Goldcorp Inc. (NYSE: GG), Newmont Mining Corp. (NYSE: NEM), Royal Gold, Inc. (NASDAQ: RGLD) and Barrick Gold Corp. (NYSE: ABX).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.GTSOresources.com] is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit our website at www.GTSOresources.com/investors.html.
Notice Regarding Forward-Looking Statements
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.
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Posted: June 11, 2012