Green Shift Announces Grant of Stock Options
Green Shift Announces Grant of Stock Options
Toronto, Ontario – December 30, 2022 – 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 c ommodities 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.
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 TS XV; 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 ; (i ii) 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 (v i) 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) failure to obtain final TSXV
approval for the Offering, (2) changes in general economic and financial market conditions, (3) changes in demand
and prices for minerals, ( 4) the Company’s ability to source commercially viable reactivation transactions and / or
establish appropriate joint venture partnerships, (5) litigation, regulatory, and legislative developments, dependence
on regulatory approvals, and changes in environmental compliance requirements, community support and the
political and economic climate, ( 6) 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, ( 7) competitive developments, ( 8) availability of future financing, ( 9) the effects of
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COVID-19 on the business of the Compan y, including, without limitation, effects of COVID -19 on capital markets,
commodity prices, labour regulations, supply chain disruptions and domestic and international travel restrictions, (9)
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 2, 2022 for the fiscal year ended December 31,
2021 available on SEDAR at www.sedar.com. 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 Commodities Ltd. 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 t his press
release.