MONTREAL, Canada, via ETELIGIS INC., 11/25/2014 – – Solo International, Inc. (OTC Pink: SLIO) (PINKSHEETS: SLIO) “Solo International” or “the Company”, is pleased to announce its search for possible acquisitions in the surrounding area of its Philadelphia claim in order to expand its REE exploration zone. It has renewed its lease of its Quebec REE property (“the Property”) by reasons of positive re-evaluation of work and expenditures declared on the Property in past quarters.
Michael Smith CEO of The Company stated, “The renewal of our present claims is just the first step of many in the short term of moving forward with our current and future goals of development and exploration of our properties, and future potential resources."
He continued saying, "We have engaged our geologist in regards to evaluating potential acquisitions of properties with Existing Infrastructure surrounding ours. Furthermore, I like to emphasize that when it comes to the possibility of doing a Joint Venture with a larger entity or local mining concern, these are opportunities that are definitely still on the table for consideration."
The company’s geologist, Steven Lauzier, recommends an exploration program that will focus on ground radiometry to detect further apatite-REE mineralization on the Property, and suggests a re-sampling of other apatite bodies known in the area. Preliminary work carried out in the past has shown pegmatic mineralization and a high proportion of Heavy REE in these areas.
Mr. Smith concluded, “These are exciting times for our company. We are implementing an aggressive exploration program designed by our geologist, and an ambitious business plan to compliment it. We are currently in negotiations to raise the necessary financing."
The company looks forward to providing further updates on its progress in the near future.
Solo International is an exploration and development mining company with a focus on deposits of rare earth metals and rare earth elements (REEs). The Company is focused on the acquisition, exploration, production, development and potentially, the operation of mining properties in strategic bulk mineable industrial metals (such as REEs, Titanium and Phosphates) sectors of eastern Canada. All of the Company’s properties are currently at the exploration stage in Quebec. For further information please visit the Company’s website at www.solointernationalinc.com .
This release contains forward-looking statements that reflect Solo International, Inc.’s 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.
Solo International, Inc.
Chief Executive Officer and Director
SOURCE: Solo International, Inc.