Solo International, Inc. Announces Property Acquisition and Joins Rare Earth Rush
(firmenpresse) - MONTREAL -- (Marketwire) -- 01/24/12 -- Solo International, Inc. (OTCQB: SLIO) (PINKSHEETS: SLIO) "Solo International" or "the Company," a exploration and development mining company with a focus on deposits of rare earth metals and rare earth elements, announced today the following property acquisition, through its wholly owned subsidiary, 9252-4768 Quebec, Inc.
The Philadelphia prospect is located approximately 4 km NE of Notre-Dame-De-La-Salette, Quebec and consists of an approximately 60 hectare claim with no exploration restriction. Philadelphia is a past apatite (phosphor) producer. Apatite and rare earth elements (REE) are associated and often concentrated in carbonatites and associated alkaline rocks. The primary use of apatite is in the manufacture of fertilizer, since it is a source of phosphorus. Apatite is occasionally found to contain significant amounts of REE's and can be used as an ore for those metals since apatite is non-radioactive.
Michel Plante, President of Solo International, commented, "We are one of a number of companies exploring Quebec for a substantial rare earth project to meet the demand which is expected to grow substantially. We believe this property is strategically located within a region that rare earth can be found. We hope to begin a preliminary exploration in early 2012, which once finished will help us work towards the completion of a NI-43101. China accounts for 97% of global production, and some reports have shown there may be an impending shortage."
Solo International is an exploration and development mining company with a focus on deposits of rare earth metals and rare earth elements. The Company is focused on the acquisition, exploration, production, development and, as applicable, the operation of mining properties in strategic bulk mineable industrial metals (such as REE's, Titanium and Phosphates) sectors of eastern Canada. All of the Company's properties are currently at the exploration stage in Quebec. For more information visit the Company's website at
This release contains forward-looking statements that reflect Solo International, Inc. plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
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Datum: 24.01.2012 - 07:00 Uhr
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