MONTREAL, Feb. 6, 2012 /PRNewswire/ -- Solo International, Inc. (OTC: SLIO) ("Solo International, Inc." or "the Company"), an exploration and development mining company with a focus on deposits of rare earth metals and rare earth elements, has reached an agreement with Rare Earth Resources (Terres Rares Resources) whereby Rare Earth Resources has agreed to assist the Company in its exploration and potential development of the Company's Philadelphia Rare Earth mineral claims located approximately 4 km NE of Notre-Dame-De-La-Salette, Quebec.
Solo International, Inc.'s President, Michel Plante, stated, "Rare Earth Resources has extensive experience in this area; they have staked thousands of acres of geologically viable ground and have either overseen or performed numerous geological programs in the jurisdiction."
About Rare Earth Resources:
Rare Earth Resources (Terres Rares Resources) is a junior mining Exploration Company located in the province of Quebec, Canada. Rare Earth Resources owns numerous claims across Quebec and has staked multiple old mines and locations with proven deposits of precious metals, semi-precious stones, rare earths or industrial minerals such as gold, uranium, molybdenite, brucite, graphite, ilmenite, dolomite, etc. Rare Earth Resources has access to an important network of experts of the mining field, is managed by visionary and meticulous professionals and is supported by a dynamic field team.
The Philadelphia prospect is located approximately 4 km NE of Notre-Dame-De-La-Salette, Quebec and consists of an approximately 60 hectare claim without exploration restrictions. Philadelphia is a past apatite (phosphor) producer. Apatite and rare earth elements (REE) are associated with 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 REEs and can be used as an ore for those metals since apatite is non-radioactive.
Rare earth metals are strategically important and necessary for the manufacture of, for example, electronics components, motors, glass and automobiles, and as alloying materials in steelmaking.
About Solo International, Inc.
Solo International is an exploration and development mining company with a focus on deposits of rare earth metals and 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 REE's, 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. 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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SOURCE Solo International, Inc.