Green Shift Commodities Enters Definitive Agreement to Sell Los Altares Project to Myriad Uranium for Cash Shares and Royalty

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Postmedia has not reviewed the content. by GlobeNewswire Green Shift Commodities Enters Definitive Agreement to Sell Los Altares Project to Myriad Uranium for Cash Shares and RoyaltyAuthor of the article:TORONTO, Oct. 13, 2026 (GLOBE NEWSWIRE) — Green Shift Commodities Ltd. (TSXV: GCOM; OTCQB: GRCMF) (“Green Shift” or the “Company”) is pleased to announce that it has entered into a definitive share purchase agreement dated October 9, 2026 (the “Agreement”) with Myriad Uranium Corp. (CSE: M; OTCQB: MYRUF; FSE: C3Q) (“Myriad”), pursuant to which Myriad has agreed to acquire all of the issued and outstanding shares of Buenavida Metales S.A. (“Buenavida”), the Company’s wholly-owned Argentine subsidiary that holds the Los Altares Project in Central Chubut, Argentina (the “Transaction”).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThis advertisement has not loaded yet, but your article continues below.Under the Agreement, Green Shift will receive C$300,000 in cash, C$700,000 in common shares of Myriad and a 2% net smelter returns royalty on the Los Altares Project. The Transaction provides Green Shift with cash proceeds while maintaining exposure to the Project through the royalty and an equity interest in Myriad.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againTrumbull Fisher, CEO and Director of Green Shift, commented: “This transaction reflects our approach to realizing value from our assets while retaining participation in their future potential. The combination of cash, Myriad shares and a royalty allows us to monetize Los Altares and maintain exposure to its future success. We are pleased to become a shareholder of Myriad and look forward to following the company’s progress.”Transaction TermsPursuant to the Agreement, Myriad will acquire all of the issued and outstanding shares of Buenavida in exchange for:C$300,000 in cash payable to Green Shift at closing;C$700,000 in common shares of Myriad, at a deemed issue price of C$0.4455 per share, being the volume weighted average trading price of Myriad’s common shares on the Canadian Securities Exchange for the 10 trading days preceding the effective date of the Agreement; andA 2% net smelter returns royalty on minerals extracted from the Los Altares Project.This advertisement has not loaded yet, but your article continues below.The royalty will be granted pursuant to a royalty agreement to be entered into at closing among Green Shift, Buenavida and Myriad. Buenavida will retain the right to purchase half of the royalty for C$1,000,000 in cash, reducing Green Shift’s royalty from 2% to 1%. Myriad will guarantee Buenavida’s obligations under the royalty agreement.The Myriad shares issued to Green Shift will be subject to applicable securities laws and Canadian Securities Exchange policies, including applicable resale restrictions.Closing of the Transaction is expected to occur on or before November 13, 2026, subject to approval of the TSX Venture Exchange and the Canadian Securities Exchange, if and as required, and satisfaction of customary closing conditions.Los Altares ProjectThe Los Altares Project comprises approximately 55,000 hectares in Central Chubut, Argentina. The Transaction will transfer ownership of Buenavida, which holds the mineral claims and other assets comprising the Project, to Myriad.About Green Shift Commodities LtdGreen Shift Commodities Ltd. focuses on mineral exploration and development supporting decarbonization and the transition to clean energy. Its assets include the Armstrong Project in northern Ontario’s Seymour-Crescent-Falcon lithium belt, a region with known spodumene-bearing pegmatites and significant lithium discoveries. Green Shift also holds equity interests in publicly traded and privately held uranium and lithium companies.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.For further information please contactTrumbull FisherCEO and DirectorEmail: tfisher@greenshiftcommodities.comTel: 416-917-5847Website: www.greenshiftcommodities.comForward Looking StatementsThis news release includes certain forward-looking statements and forward-looking information within the meaning of applicable securities laws. These include statements regarding completion and expected timing of the Transaction, receipt of regulatory approvals, payment of the cash consideration, issuance of the Myriad shares, granting of the royalty, the anticipated benefits of the Transaction, potential future royalty payments and the Company’s strategy.These statements are based on assumptions that the parties will satisfy their obligations under the Agreement, required approvals will be obtained, closing conditions will be satisfied and economic, political and market conditions will remain favourable.Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including failure to complete the Transaction or obtain required approvals; changes in the market value of Myriad shares; risks associated with Myriad’s business and the exploration and development of the Project; uncertainty regarding whether the Project will achieve production or generate royalty payments; changes in commodity prices and financial markets; permitting, environmental and political risks in Argentina; availability of financing; and other risks described in the Company’s public filings available on SEDAR+ at www.sedarplus.ca.Readers are cautioned not to place undue reliance on forward-looking statements. Green Shift undertakes no obligation to update such statements except as required by applicable law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.