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Green Shift Commodities Ltd. V.GCOM

Alternate Symbol(s):  GRCMF

Green Shift Commodities Ltd. is a Canada-based company focused on the exploration and development of commodities needed to help decarbonize and meet net-zero goals. The Company is advancing a portfolio of lithium prospects across the Americas. This includes the Rio Negro Project, a district-scale project in an area known to contain hard rock lithium pegmatite and the Santiago Luis Lithium Project, both located in Argentina. The Company is also exploring the Armstrong Project, located in the Seymour-Crescent-Falcon lithium belt in northern Ontario, known to host spodumene-bearing lithium pegmatites and significant discoveries. The Rio Negro Project consists of approximately 500,000 hectares (ha), 300,000 ha of which is 100% owned with an option to acquire the remaining. The Armstrong Project consists of about 90 contiguous claims totaling 1,800 ha, in the Seymour-Crescent-Falcon lithium belt. The Armstrong Project is located about 55 kilometers northeast of the town of Armstrong.


TSXV:GCOM - Post by User

Post by HBird7on Apr 20, 2017 11:36am
199 Views
Post# 26143219

some facts & numbers...

some facts & numbers...

Argentina has a long history of science and technology innovations. In 1957, it became the first country in Latin America to design and build a research reactor with homegrown technology. The technology was incorporated into the region's first commercial nuclear power plant -- Atucha I -- in 1974 and later into Embalse in 1983 and Atucha II in 2011. These three nuclear power plants generate about 4% of the country's total electrical demand at 1,627 MWe.

Argentina's uranium resources totaled about 18,500 tU, according to the 2014 Red Book, but others estimate the resources as high as 55,000 tU in several different geographical environments. Uranium exploration was conducted in the 1950s, but the country's last mine closed in 1997 for economic reasons. Currently, the country has no domestic uranium production capacity, which has made it reliant on importation of the fuel source.

Currently, the country has three commercial nuclear power plants in operation, six research reactors, four particle accelerators, three atomic centres, one heavy water plant, and one uranium purification plant with an estimated usage of about 500,000 pounds of uranium in 2016. In addition, the country has one nuclear power plant under construction, two in planning stages, and two under proposal, which would increase nuclear power from 4% to 10% of total power.

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