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Green Shift Commodities Announces Grant of Stock Options
TORONTO, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Green Shift Commodities Ltd. (TSXV: GCOM), (“Green Shift” or the “Company”) announces the grant of stock options for
About this update from Green Shift Commodities Ltd
[{"type":"text","content":" TORONTO, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Green Shift Commodities Ltd. (TSXV: GCOM), (“Green Shift” or the “Company”) announces the grant of stock options for the purchase of an aggregate of 1,950,000 common shares to management, directors, and consultants of the Company pursuant to the terms of the Company's share-based incentive plan. The options are exercisable at a price of $0.15 per common share for a period of three years and vest immediately. The options are subject to approval of the TSX Venture Exchange. About Green Shift Commodities Ltd. Green Shift Commodities Ltd. is focused on the exploration and development of commodities needed to help decarbonize and meet net-zero goals. The Company is developing the Berlin Deposit in Colombia. Apart from uranium, for clean nuclear energy, the Berlin Deposit contains battery commodities including nickel, phosphate, and vanadium. Phosphate is a key component of lithium-ion ferro-phosphate (“LFP”) batteries that are being used by a growing list of electric vehicle manufacturers. Nickel is a component of various lithium-ion batteries, while vanadium is the element used in vanadium redox flow batteries. Neodymium, one of the rare earth elements contained within the Berlin Deposit, is a key component of powerful magnets that are used to increase the efficiency of electric motors and in generators in wind turbines. For further information, please contact: Trumbull Fisher, CEO, Green Shift Commodities Ltd.E: [email protected] Tel: (416) 917-5847 Forward-Looking Statements This news release includes certain “forward looking statements”. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intensions for the future, and include, but not limited to, the approval of the TSXV; the outcome of permitting activities, the completion of future exploration work and the potential metallurgical recoveries and results of such test work; the future direction of the Company’s strategy; and other activities, events or developments that are expected, anticipated or may occur in the future. These statements are based on assumptions, including: (i) receipt of final TSXV approval; (ii) the ability to achieve positive outcomes from test work; (iii) actual results of our exploration, resource goal...