Green Shift Commodities (TSE:GCOM) has released an update.
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Green Shift Commodities Ltd. successfully finalized the second phase of its non-brokered private placement, raising C$2.1 million by issuing over 18.5 million units, each comprising one share and a purchase warrant, with plans to utilize the funds for general working capital and property interests advancement. Additionally, the company has divested its Argentine lithium assets to Lion Critical Elements Corp. through a definitive agreement, which will see Green Shift take a stake in Lion by acquiring shares and warrants in the lithium and uranium-focused firm.
For further insights into TSE:GCOM stock, check out TipRanks’ Stock Analysis page.