Purebase discloses mineral lease assignment from USMC never effectuated; rights remain with USMC

Purebase Corp

Purebase previously reported acquiring mining rights to ~2,500 acres in Esmeralda County, NV via assignment from U.S. Mine Corp. (USMC).
Company now aware the assignment was not effectuated; lease rights and obligations remain with USMC, a significant stockholder.
Purebase had assumed annual lease payments and development costs; implications for title and liability are uncertain.
Disclosure raises material questions about the company's control of the Esmeralda Project and ongoing lease commitments.

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