Green Shift Commodities Agrees to Sell Argentine Project to Myriad Uranium for C$1 Million in Cash, Equity, and Royalty
Green Shift Commodities Ltd. (TSXV: GCOM) has entered into a definitive agreement to sell its wholly-owned subsidiary, Buenavida Metales S.A., to Myriad Uranium Corp. (CSE: M). Buenavida holds the 55,000-hectare Los Altares uranium property located in Central Chubut, Argentina. Under the deal terms, Green Shift will receive C$300,000 in upfront cash, C$700,000 in Myriad common shares priced at C$0.4455 each, and a 2% net smelter returns royalty on future mineral production from the site.
The sale allows Green Shift Commodities Ltd. to raise cash and equity while maintaining upside potential in the Los Altares Project through its stock holding and ongoing royalty. Buenavida holds an option to buy back half of the royalty for C$1 million, which would lower Green Shift's royalty rate to 1%. For Myriad Uranium Corp., the acquisition expands its exploration portfolio in South America.
Investors should monitor the transaction closing, which is expected on or before November 13, 2026. Completion remains subject to customary conditions and approval from the TSX Venture Exchange and the Canadian Securities Exchange.
Key points
- Green Shift Commodities Ltd. agreed to sell its Argentine subsidiary Buenavida Metales S.A., owner of the Los Altares Project, to Myriad Uranium Corp.
- Total upfront consideration includes C$300,000 in cash and C$700,000 in Myriad common shares valued at C$0.4455 per share.
- Green Shift retains a 2% net smelter returns royalty, which Buenavida can reduce to 1% by paying C$1 million in cash.
- The deal is expected to close on or before November 13, 2026, subject to exchange and regulatory approvals.
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How we writeDisclaimerQuestions and answers
What are the terms of the Green Shift and Myriad Uranium deal?
Green Shift Commodities Ltd. will receive C$300,000 in cash, C$700,000 in Myriad Uranium Corp. common shares, and a 2% net smelter returns royalty on the Los Altares Project.
What is the Los Altares Project?
The Los Altares Project spans approximately 55,000 hectares in Central Chubut, Argentina, and is held through Buenavida Metales S.A.
When is the sale of the Los Altares Project expected to close?
The transaction is expected to close on or before November 13, 2026, pending regulatory approvals from the TSX Venture Exchange and Canadian Securities Exchange.