Green Shift Commodities Sells Los Altares Project for Cash and Royalty
News related to:Green Shift Commodities Ltd · 2 min read
TORONTO, Oct. 13, 2026 /CourierPR/ -- Green Shift Commodities Ltd. has entered into a definitive agreement to sell its wholly-owned Argentine subsidiary, Buenavida Metales S.A., which holds the Los Altares Project, to Myriad Uranium Corp. The transaction, announced on October 9, 2026, is expected to close 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.
Under the terms of the agreement, Green Shift will receive a total of C$1,000,000 in consideration. Specifically, the company will receive C$300,000 in cash and C$700,000 in common shares of Myriad Uranium Corp. The deemed issue price of the Myriad shares is C$0.4455 per share, based on 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.
Additionally, Green Shift will retain a 2% net smelter returns royalty on the Los Altares Project. The company has the option to reduce its royalty to 1% by purchasing half of the royalty for C$1,000,000 in cash. Myriad will guarantee Buenavida’s obligations under the royalty agreement.
The Los Altares Project comprises approximately 55,000 hectares in Central Chubut, Argentina. This project is part of Green Shift Commodities Ltd.’s portfolio, which includes other assets such as the Armstrong Project in northern Ontario’s Seymour-Crescent-Falcon lithium belt. Green Shift focuses on mineral exploration and development supporting decarbonization and the transition to clean energy.
The transaction is expected to provide Green Shift with immediate cash proceeds while maintaining its stake in the Los Altares Project through the royalty and an equity interest in Myriad. The deal is subject to the approval of the TSX Venture Exchange and the Canadian Securities Exchange, if and as required, and satisfaction of customary closing conditions.
The Los Altares Project is a significant asset for Green Shift, located in Central Chubut, Argentina. The project covers an area of approximately 55,000 hectares and is part of Green Shift’s broader strategy to support the transition to clean energy. The transaction with Myriad Uranium Corp. is a strategic move for Green Shift, allowing the company to monetize its assets while retaining an interest in the project’s future success.
The agreement dated October 9, 2026, with Myriad Uranium Corp. is a significant step for Green Shift Commodities Ltd. in its ongoing efforts to support the transition to clean energy. The transaction is expected to provide the company with immediate cash proceeds while maintaining its stake in the Los Altares Project through the royalty and an equity interest in Myriad.