Dear Pat: At the moment the Chinese own most of the world’s rare earth metals. Green Technology Solutions believes it has access to an area of Arizona where rare earth metals are present and accessible. Your opinion on this company and its prospects would be of great interest.
Green Technology Solutions, $2.74, symbol GTSO on the U.S. over-the-counter “pink sheets” market (Shares outstanding: 25.1 million; Market cap: $68.9 million; www.greentech-solutions.com), at one time said it was developing technologies to reduce the environmental impact of mining. However, it has not yet reported any revenue, and doesn’t appear to have spent any money on research and development.
The company now says it wants to acquire and develop properties that contain rare-earth metals. (Rare earths are used in a variety of modern devices and applications, including catalytic converters and petroleum refining; rechargeable batteries; television and computer screens; lighting; and X-ray machines.)
The company says it is considering acquiring the Rio Del Monte property in Arizona. Mining was conducted on the property in the early half of the 20th century, but it has never been tested for rare earths.
Green Technology is also forming a joint venture in Mongolia to look for rare earths on four mining properties.
On September 30, 2010, Green Technology held…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
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