other material
confidence high
sentiment positive
materiality 0.55
Purebase and Fortera sign non-binding term sheet for commercial cement plant in Ione, CA
Purebase Corp
- Purebase and Fortera signed a non-binding term sheet for a commercial cement plant at Purebase's Ione, CA site.
- Partnership would use Fortera's ReCarb technology to produce low-CO2 calcium carbonate cements.
- Purebase has spent six years developing alternative cementitious materials to replace coal fly ash in concrete.
- The Ione location is near major ports to serve western US and international markets.
- Definitive agreement not yet finalized; no financial terms disclosed.