Purebase to receive 20% of net proceeds from CoreTer mining deal; waives corporate opportunities

Purebase Corp

Purebase receives 20% of net proceeds from CoreTer's Exclusive Mining Option and Development Agreement with Dexter Mining LLC dated March 19, 2026.
In consideration, Purebase waives any claim to corporate opportunities arising from that agreement or similar deals involving CEO/director A. Scott Dockter.
CoreTer may revoke the transfer upon Purebase change of control, removal of Dockter as officer/director, or failure of US Mine Corp to release Dockter's escrow shares.
Parties commit to enter a definitive asset transfer agreement after Purebase board approval and required consents.
Transaction involves related party: CoreTer is owned and managed by Purebase's CEO A. Scott Dockter.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Purebase Corp entered into Memorandum of Understanding with CoreTer LLC (effective 2026-05-26).

Action: entry
Counterparty: CoreTer LLC
Effective: 2026-05-26

Exact text from the filing

On May 26, 2026, Purebase Corporation (the “Company”) entered into a binding Memorandum of Understanding (the “MOU”) with CoreTer LLC, a Nevada limited liability company (“CoreTer”), pursuant to which the Company will be entitled to 20% of the net proceeds received by CoreTer under an Exclusive Mining Option and Development Agreement, dated March 19, 2026, between CoreTer and Dexter Mining LLC.

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Source: SEC EDGAR

accession 0001493152-26-026603

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