U3O8 Corp. Announces Name Change to Green Shift Commodities Ltd. and New Stock Symbol
U3O8 Corp. Announces Name Change to Green Shift Commodities Ltd.
and New Stock Symbol
Toronto, Ontario – October 17, 2022 – U3O8 Corp. (TSXV: UWE), (“U3O8” or the “Company”) is pleased
to announce it will be changing its name from “U3O8 Corp.” to “Green Shift Commodities Ltd.” to better
reflect the progression of the Company and its vision for the future and its trading symbol will change from
“UWE” to “GCOM”.
Trumbull Fisher, Chief Executive Officer of U3O8 commented, “While Uranium and the Berlin project
continue to be an important part of our strategy, our new name symbolizes the direction in which we are
headed; a Company that is focused on the exploration a nd development of commodities needed to help
decarbonize and meet net-zero goals. We are very excited as we move ahead and broaden our exposure
to critical metals which are becoming increasingly in demand globally everyday.”
It is anticipated that the Com pany’s common shares (the “Common Shares”) will commence trading on
the TSX Venture Exchange (the “TSXV”) under the new name of Green Shift Commodities Ltd . under
the name trading symbol “GCOM” as of the open of markets on October 19, 2022 (the “Effective Date”).
The name change does not affect the rights of the Company's shareholders. There is no consolidation of
capital associated with the name change. Shareholders will not be required to take any action in connection
with the name change. Issued certificates rep resenting Common Shares will not be affected by the name
change and will not need to be exchanged. The Company encourages shareholders to contact their broker
with any questions regarding the proposed name change.
About U3O8 Corp.
U3O8 Corp. is focused on the development of 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 BYD
Company Ltd., Tesla Inc, and Ford Motor Corp. and 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, U3O8 Corp., Tel: (416) 917-5847 [email protected]
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, statements with respect to: the listing of the
Common Shares on the TSXV under the new name and ticker symbol or successful reactivation of the
Berlin Project; 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 that: (i) the ability to find a profitable undertaking or successfully conclude a purchase of such an
undertaking at all or on terms w hich are commercially acceptable; (ii) actual results of our exploration,
resource goals, metallurgical testing, economic studies and development activities will continue to be
positive and proceed as planned, (iii) requisite regulatory and governmental ap provals will be received on
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a timely basis on terms acceptable to U3O8 Corp., (iv) economic, political and industry market conditions
will be favourable, and (v) 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) the effects of COVID -19 on the business o f the Company, 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 U3O8 Corp. 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. U3O8 Corp. 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.