Solo Confident in Demand for Rare Earths Minerals
MONTREAL, Jan. 23, 2012 /PRNewswire/ — Solo International, Inc. (OTC: SLIO) (“Solo International, Inc.” or “the Company”) today confirms its focus on the exploration and development of a rare earths mine.
Rare earth metals are strategically important for the manufacture of, for example, electronics components, motors, glass and automobiles and as alloying materials in steelmaking.
AFP recently reported that, “A steep decline in Chinese exports of rare earth metals used in many hi-tech gadgets has forced a global search for new crucial supplies and hopes are high for major finds in Canada, analysts say.”
Michel Plante, President and CEO of Solo International, Inc., commented, “The Company believes it has selected the best sector of the minerals industry to develop and explore. We look forward to taking advantage of the rare earth opportunity and working toward delivering value for our shareholders.”
What are REE’s?
What are Rare Earths?
Rare Earths, also called the Lanthanides, are the group of elements on the Periodic Table beginning with the atomic number 57 (Cerium) through 70 (Ytterbium) including Lutetium (71).
However, due to elemental and commercial association rare earths typically include Yttrium, Thorium and Scandium.
What Makes Them Important?
This group of elements represents the only known bridge to the next level of improved performance in the material properties for many metallurgical alloys, electrical conductivity, and instrument sensitivity and in some cases a mechanical or physical change in form or function.
Rare earth elements are a group of 17 chemical elements that are critical to two of the fastest growing sectors
Energy and High Technology
No Known Substitutions
- These lanthanides hold unique chemical, magnetic, electrical, luminescence and radioactive shielding characteristics.
- Combined with other materials they can help maintain or alter physical and structural characteristics under changing conditions.
Green Technology Applications
The following Green Technologies are rare earth dependent: hybrid and zero emission automobiles such as the batteries and motors used in the Toyota Prius and Chevy Volt, high capacity Wind Turbines, advanced solar panels, high efficiency lighting, petroleum and pollution control catalysts for automobiles, and High Speed Rail.
The following U.S. Defense Systems are rare earth dependent: all guided missile systems, ‘smart bombs,’ unmanned drones, advanced sonar, secure communications, advanced jet aircraft engines, advanced armor, advanced radar, stealth technologies and targeting and triggering systems.
About Solo International, Inc.
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 if, as the case may be, 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. Visit the Company’s website at www.solointernationalinc.com
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.
SOURCE Solo International, Inc.