MONTREAL, Jan. 26, 2012 /PRNewswire/ -- Solo International, Inc. (OTC:SLIO "Solo International" or the "Company") , a development and exploration stage mining company with a focus on deposits of rare earth metals and rare earth elements, is pleased to provide this corporate update: the Company is taking this opportunity to highlight the significance of focusing its mining efforts on Quebec, Canada. The province of Quebec, where Solo International is based, offers some of the best infrastructure and mineral exploration incentives of any state or province in North America.
Quebec has been in the top 10 in the annual Fraser Institute mining survey since 2001, and in first place in 2007/2008, and 2009/2010. Quebec is renowned for the production of precious metals, common metals, and industrial minerals and ranks among the main mineral producers in the world and is among the top ten most explored areas in the world. Despite this, over two-thirds of the land remains partially explored or completely unexplored.
Michel Plante, President and CEO of Solo International, Inc., stated, "When mining in fully international business jurisdictions, a company must be prepared to compete on an international basis in order to attract mining investments. Quebec has always been viewed in a good light by the mining industry, primarily due to its favorable geology." Mr. Plante concludes, "Quebec's government also provides a favourable policy environment to go along with the mineral potential. Quebec's stable policies provide companies with the certainty that reduces risk for long-term projects. Quebec possesses all the needed expertise, along with institutions ready to support mining entrepreneurship."
Mining in Quebec dates back almost to the discovery of North America. There are approximately 200 active mines, quarries and sandpits throughout the province. Mining is an important job creator—one of the most important in the province. Mining provides the province with a good source of revenue because of the monies derived from taxes; therefore, Quebec is happy to have mining companies in the province.
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.