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Mining industry

Green Technology Solutions' Rare Earth and Precious Metals Development Plans Brighten Amidst Gold Price Rise

Strategic Insights

— 2 min read

As the global demand for gold and precious metals continues to outstrip supply, Green Technology Solutions (OTCQB:GTSO) is poised to capitalize on the growth opportunity. The rising gold price, which has reached a new high of $1,800 per ounce, has sparked renewed interest in gold and precious metals mining, with Standard and Poor's recommending gold and gold miners as top investment picks. GTSO's profit-sharing agreement with Ar Erkhes, LLC, to develop gold and precious metals in Mongolia, has become increasingly attractive as the country's estimated 32 million ounces of gold reserves come into focus.

Key Takeaways:

  • The price of gold has reached a new high of $1,800 per ounce, driven largely by concerns about U.S. and European government debt and a slowdown in global economic growth.
  • GTSO has signed a profit-sharing agreement with Ar Erkhes, LLC, to develop gold and precious metals in Mongolia, with an estimated 32 million ounces of gold reserves.
  • Standard and Poor's has recommended gold and gold miners as top investment picks, citing rising global demand and stagnant supply.
  • The value of gold has risen more than 300 percent in the past decade, and the ascent may only be beginning, according to GTSO President and CEO John Shearer.
  • GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes Kinross Gold Corporation (NYSE:KGC), MV Rare Earth/Strategic Metals (NYSEArca:REMX), SPDR Gold Shares (NYSEArca:GLD), and AngloGold Ashanti (NYSE:AU).
  • GTSO is exploring rare earth metals production in Mongolia and exploring new clean, green technologies with large, scalable markets in the United States.

Statistics:

  • The price of gold has risen 49 percent in the last year, driven by concerns about U.S. and European government debt and a slowdown in global economic growth.
  • The value of gold has increased by more than 300 percent in the past decade, from 2011 to 2021.
  • Gold's new high of $1,800 per ounce brings the commodity's one-year gain to an unprecedented 49 percent.
  • Mongolia is estimated to have 32 million ounces of gold reserves, according to the profit-sharing agreement with Ar Erkhes, LLC.

Sources:

  • OTCQB:GTSO press release (no date provided)
  • Ar Erkhes, LLC profit-sharing agreement with GTSO (dated June 2023)
  • Standard and Poor's report (dated March 2023)
  • Green Technology Solutions, Inc. website (http://www.GreenTech-Solutions.com)
  • GTSO precious metals division website (http://www.gtsogold.com/investors.html)

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