GTSO Resources, an emerging tungsten mining company, has entered into a joint venture agreement to explore mining projects and operations in North America and Africa.
GTSO CEO Paul Watson said the company expects to sign the agreement with exploration and excavation specialists Diamond V Associates.
"Now that we have reached a workable structure, executives from both companies are now finalising a joint venture contract," said Watson.
"We hope to move forward with a signed agreement by the end of this week."
The joint venture will allow the company to provide funding and expertise in exchange for Diamond V Associates' help in researching, planning and developing tungsten and other valuable minerals on the two continents.
GTSO Resources is a division of Green Technology Solutions, a company exploring rare earth minerals and precious metals production around the world.