Green Shift Completes Final Payment under Armstrong Option Agreement

TORONTO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Green Shift Commodities Ltd. (TSXV: GCOM and OTCQB: GRCMF), (“Green Shift”, “GCOM” or the “Company”) is pleased to announce that the Company has made the final payment of $20,000 to exercise the option (the “Option”) to acquire the Armstrong Lithium Project (the “Armstrong Project” or the “Project”). Under the terms of the original option agreement, in order to exercise the Option, GCOM was required to pay consideration comprised of (i) 100,000 common shares of the Company (”Common Shares”), which were previously issued upon acquisition of the Option; (ii) $15,000 in cash which was previously paid prior to deadline of November 21, 2023; and (iii) $20,000 in cash which was payable on or before November 21, 2024. No further payments are required pursuant to the exercise the Option and the Company now owns 100% of the Armstrong Project.

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