Green Shift Commodities Congratulates IsoEnergy and Jaguar Uranium on Completion of Transaction
July 23 2024 - 7:00AM
Green Shift Commodities Ltd. (
TSXV:
GCOM), (“
Green Shift” or the
“
Company”) is pleased to congratulate both our
portfolio companies IsoEnergy Ltd. (“
IsoEnergy”)
and Jaguar Uranium Corp. (“
Jaguar”) on completion
of the transaction whereby Jaguar has acquired the Laguna Salada
and Huemul uranium projects in Argentina from IsoEnergy.
Pursuant to the transaction, Jaguar acquired all
of the issued and outstanding shares of wholly-owned subsidiary of
IsoEnergy holding these assets in exchange for consideration of
US$10M in common shares of Jaguar (“Jaguar
Shares”) among other consideration as per IsoEnergy’s
press release dated July 22, 2024.
Trumbull Fisher CEO commented “We are thrilled
to see IsoEnergy and Jaguar complete this transaction as
shareholders in both companies. The transaction increases Jaguar’s
foot print in South America and we believe it will also increase
GCOM’s holding in Jaguar, which we acquired in connection with the
Berlin sale agreement. GCOM will have a 20% interest in Jaguar
following completion of a listing of the Jaguar Shares on a
recognized stock exchange. This recent deal with IsoEnergy values
Jaguar at fully diluted basis of US$55M and, accordingly, GCOM’s
current position in Jaguar is believed to be valued at US$11M,
assuming that Jaguar were to complete a go-public transaction
today. Shareholders of GCOM continue to have exposure to our
portfolio of public and private equities consisting of IsoEnergy,
Premier American Uranium, Atha Energy, Jaguar, Royalty Uranium
Corp, and Lion Critical Elements.”
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 advancing the
Armstrong Project, located in the Seymour-Crescent-Falcon lithium
belt in northern Ontario, known to host spodumene-bearing lithium
pegmatites and significant discoveries. The Company also has a
portfolio of public and private company equities in various uranium
and lithium companies.
For further information, please
contact:
Trumbull FisherDirector and
CEOEmail: tfisher@greenshiftcommodities.comTel:
(416) 917-5847
Website:
www.greenshiftcommodities.comTwitter:
@greenshiftcomLinkedIn:
https://www.linkedin.com/company/greenshiftcommodities/
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 are not limited to, statements with
respect to: the value of the Company’s equity portfolio,
expectations with respect to a pubic listing of the Jaguar Shares;
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) that a public listing of the Jaguar
Shares will be completed; (ii) the ability to achieve positive
outcomes from test work; (iii) actual results of our exploration,
resource goals, metallurgical testing, economic studies and
development activities will continue to be positive and proceed as
planned; (iv) requisite regulatory and governmental approvals will
be received on a timely basis on terms acceptable to Green Shift;
(v) economic, political and industry market conditions will be
favourable; and (vi) financial markets and the market for uranium,
battery commodities and rare earth elements will continue to
strengthen. Such statements are subject to risks and uncertainties
that may cause actual results, performance or developments to
differ materially from those contained in such statements,
including, but not limited to: (1) changes in general economic and
financial market conditions, (2) changes in demand and prices for
minerals, (3) the Company’s ability to source commercially viable
reactivation transactions and / or establish appropriate joint
venture partnerships, (4) litigation, regulatory, and legislative
developments, dependence on regulatory approvals, and changes in
environmental compliance requirements, community support and the
political and economic climate, (5) the inherent uncertainties and
speculative nature associated with exploration results, resource
estimates, potential resource growth, future metallurgical test
results, changes in project parameters as plans evolve, (6)
competitive developments, (7) availability of future financing, (8)
exploration risks, and other factors beyond the control of Green
Shift including those factors set out in the “Risk Factors” in our
Management Discussion and Analysis dated May 28, 2024 for the three
months ended March 31, 2024 available on SEDAR+ at
www.sedarplus.ca. Readers are cautioned that the assumptions used
in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise
and, as such, undue reliance should not be placed on
forward-looking statements. Green Shift assumes no obligation to
update such information, except as may be required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release.
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