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

Green Shift sells its Argentine subsidiary for C$1 million plus a 2% royalty.

What the company is saying

Green Shift Commodities Ltd. is announcing 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 company emphasizes the transaction's structure: C$300,000 in cash, C$700,000 in Myriad shares at C$0.4455 per share, and a 2% net smelter returns royalty on the project. CEO and Director Trumbull Fisher frames the deal as both a monetization event and a way to retain upside through equity and royalty exposure. The company highlights the ability to participate in future project success while securing immediate liquidity. The announcement details the right for Buenavida to buy back half the royalty for C$1,000,000, reducing Green Shift’s royalty to 1%. The tone is confident and positions the transaction as a strategic move to realize value from existing assets while maintaining a stake in future developments.

What the data suggests

The transaction will deliver C$300,000 in cash and C$700,000 in Myriad shares to Green Shift at closing, with the shares priced at C$0.4455 each, based on the 10-day volume weighted average trading price. Green Shift will also receive a 2% net smelter returns royalty on minerals extracted from the Los Altares Project, which covers approximately 55,000 hectares in Central Chubut, Argentina. Buenavida retains the right to buy back half of the royalty for C$1,000,000, which would reduce Green Shift’s royalty to 1%. The shares issued will be subject to resale restrictions under Canadian Securities Exchange policies. The closing is expected by November 13, 2026, pending TSX Venture Exchange and Canadian Securities Exchange approvals and customary closing conditions. The announcement is specific about transaction terms but does not disclose any project resource estimates, production forecasts, or broader financials for either company. The structure provides Green Shift with immediate liquidity and ongoing exposure to potential project upside, but the actual value of the royalty and shares will depend on Myriad’s future performance and project development.

Analysis

The announcement is factual and proportionate, detailing a definitive share purchase agreement for the sale of Green Shift's Argentine subsidiary and the Los Altares Project to Myriad Uranium Corp. The language is positive but not exaggerated, with clear disclosure of cash, share, and royalty consideration. Most key claims are forward-looking (e.g., receipt of cash/shares, royalty grant), but these are standard for a transaction pending closing and regulatory approval, not aspirational hype. There is no evidence of narrative inflation: the CEO's statement about 'realizing value' and 'maintaining exposure' is a reasonable summary of the deal structure. No large capital outlay or speculative future benefits are promoted; the transaction is structured, not promotional. The only forward-looking elements are the closing conditions and future royalty, both standard in such deals.

Risk flags

• ●The transaction is subject to regulatory approvals from both the TSX Venture Exchange and the Canadian Securities Exchange, as well as customary closing conditions. Any delay or failure to secure these approvals could prevent or postpone closing, directly impacting Green Shift’s receipt of proceeds.
• ●The value of the C$700,000 in Myriad shares is exposed to market volatility and liquidity risks, especially given the shares will be subject to resale restrictions. If Myriad’s share price declines or liquidity is limited, Green Shift may not realize the full stated value.
• ●The 2% net smelter returns royalty is only valuable if the Los Altares Project advances to production. There is no disclosure of resource estimates, development timeline, or permitting status, so the likelihood and timing of royalty payments are highly uncertain.
• ●Buenavida’s right to repurchase half the royalty for C$1,000,000 could reduce Green Shift’s long-term upside if exercised, and the timing of such a buyback is not specified. This creates uncertainty about the ultimate scale of future royalty income.
• ●Political, permitting, and operational risks in Argentina could affect the development of Los Altares and the realization of royalty payments. The announcement references these risks in its forward-looking statements.

Bottom line

Green Shift Commodities Ltd. is monetizing its Argentine subsidiary and the Los Altares Project for C$300,000 in cash, C$700,000 in Myriad Uranium Corp. shares, and a 2% royalty on future production. The deal structure provides immediate liquidity and maintains exposure to future project success, but actual royalty payments depend on Myriad advancing Los Altares to production, for which no timeline or resource data is disclosed. The transaction is not yet closed and hinges on regulatory approvals and standard closing conditions, with completion targeted within a month. The value of the share consideration is subject to market risk and resale restrictions. Investors should recognize that while the deal crystallizes some value for Green Shift, the bulk of future upside is speculative and dependent on project development by Myriad. The most actionable takeaway is that Green Shift will soon hold a liquid stake in Myriad and a royalty interest, but the timing and magnitude of future cash flows from Los Altares remain uncertain.

Announcement summary

(TSXV:GCOM) (OTCQB:GRCMF) (CSE:M) (OTCQB:MYRUF) (FSE:C3Q) Green Shift Commodities Ltd. has entered into a definitive share purchase agreement dated October 9, 2026, with Myriad Uranium Corp. (CSE: M; OTCQB: MYRUF; FSE: C3Q), under which Myriad will acquire all of the issued and outstanding shares of Buenavida Metales S.A., Green Shift's wholly-owned Argentine subsidiary that holds the Los Altares Project in Central Chubut, Argentina. Under the terms of the agreement, Green Shift will receive C$300,000 in cash at closing. Green Shift will also receive C$700,000 in common shares of Myriad, issued at a deemed price of 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. Green Shift will be granted a 2% net smelter returns royalty on minerals extracted from the Los Altares Project, with the royalty to be formalized in a royalty agreement 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, which would reduce 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 resale restrictions. The 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. The 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 Los Altares Project, to Myriad. Trumbull Fisher, CEO and Director of Green Shift, stated that the transaction allows Green Shift to realize value from its assets while retaining participation in their future potential, and that the combination of cash, Myriad shares, and a royalty allows the company to monetize Los Altares and maintain exposure to its future success.

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