On June 26, 2024, Green Shift Commodities Ltd. completed the sale all of the outstanding shares of a wholly-owned subsidiary, which holds 10,000 hectares of prospective lithium ground in Rio Negro, Chubut, and Neuquén Provinces in Argentina and 25% of Pampa Litio S.A., to Lion Critical Elements Corp., a privately held company that has a portfolio of lithium projects in Southern Zambia and uranium assets in Niger.
As consideration for the transaction, Green Shift received (i) 1,460,000 common shares of Lion at a deemed price of US$0.75 per share; and (ii) 500,000 warrants, each exercisable to acquire one Lion share at an exercise price of US$1 per share for a period of three years following closing of the transaction.
Cassels acted for Green Shift.