Solaris exits Canada for Switzerland with new CEO, board and spin-out plans
The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.
As its due diligence period draws to a close, Green Technology Solutions, Inc. is moving forward with discussions on a potential partnership or joint venture with mining company Diamond V Associates, Inc., to acquire and develop new tungsten prospects in the U.S. and around the globe.
Diamond’s extensive mining experience could make the company a strong ally in GTSO’s mission to bring new sources of tungsten online. Diamond’s president, W. Kirk Bastian, brings 21 years of experience in the mining and excavation business to the table. The company has extensive contacts in Alaska, the West African nation of Ghana and other mining hotbeds in a range of minerals.
GTSO is already evaluating Diamond’s prospects for tungsten and other metal resources. If a definitive agreement can be reached, both companies will immediately begin targeting promising new reserves around the world for excavation.
The northwest region of North America is a major focus of GTSO’s mineral strategy. Last week, a company representative conducted site visits and began preliminary due diligence on mining prospects in western Canada.
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), SPDR Gold Shares and Barrick Gold Corp. (NYSE:ABX).
For more information on GTSO Resources’ aggressive international mineral development plans, visit www.gtsoresources.com/investors.html.
