Posted in | News | Tungsten | Mining Business

GTSO Identifies New Mining Targets In South Korea

Only days after signing a joint venture agreement with mining experts Diamond V Associates, GTSO Resources is wasting no time in identifying new targets for potential acquisition and joint venture. The company has identified promising new tungsten opportunities in South Korea and will begin shortlisting targets this week.

The threat of global shortages of tungsten presents investors with an unbelievable opportunity. Tungsten prices have already skyrocketed from about $180 per metric ton three years ago to roughly $430 today.

That explosion in value has caught the attention of the world's most prominent investors. IMC International Metalworking, part of Warren Buffett's Berkshire Hathaway empire, recently invested in a tungsten mining project in South Korea and the target has also guaranteed to buy 90%-100% of all the shiny metal from Woulfe Mining Corp.'s (TXSV: WOF) Sangdong Mine there.

Sangdong is expected to produce half of the world's tungsten supplies outside of China and account for seven to ten percent of total global tungsten production when it reopens in 2013. That's why GTSO has decided to focus on this vital resource and region: Adding existing pipeline projects could create explosive earning potential for investors.

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. [] is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit our website at

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.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.