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

Green Shift Commodities Ltd. has entered into a definitive share purchase agreement to sell its wholly-owned Argentine subsidiary, Buenavida Metales S.A., which holds the Los Altares Project, to Myriad Uranium Corp. The transaction consideration includes C$300,000 in cash, C$700,000 in Myriad common shares issued at a deemed price of C$0.4455 per share, and a 2% net smelter returns (NSR) royalty on the Los Altares Project.

Buenavida retains the right to repurchase 50% of the royalty for C$1,000,000 in cash, which would reduce Green Shift's royalty to 1%. Closing is expected on or before November 13, 2026, subject to TSX Venture Exchange and Canadian Securities Exchange approvals. The Los Altares Project comprises approximately 55,000 hectares in Central Chubut, Argentina.

Green Shift Commodities Ltd. (GCOM) has executed a transaction that continues its strategy of monetizing Argentine assets to fund operations and build strategic equity positions in the uranium sector. The total consideration, comprising C$1.0M in cash, equity, and royalty, is modest relative to the company's market capitalization and its recent Q1 2026 financial position.

The move follows the February 2026 IPO of Jaguar Uranium, in which Green Shift holds approximately 20%, and the Q1 2026 sale of the Berlin Project. Given the company's pre-revenue status and accumulated deficit, the market likely anticipated further asset monetization.

The deal provides immediate liquidity of C$300k in cash and exposure to Myriad Uranium's upside, while retaining a royalty stream. The news is expected and aligns with prior management commentary regarding the pursuit of strategic investors, joint ventures, and asset sales.

Green Shift Commodities Ltd. (GCOM) is a pre-revenue exploration and development company focused on lithium and battery commodities. Its flagship asset is the Armstrong Lithium Project in Ontario, Canada. No field work or drilling was conducted at the site during the first quarter of 2026.

The company has been actively divesting its Argentine assets, including the recent sale of Los Altares and the earlier sale of the Berlin Project to Jaguar Uranium in Q1 2026. Management’s stated outlook includes seeking new exploration projects, advancing the Armstrong Lithium Project, and pursuing financing options such as strategic investors, joint ventures, and mergers.