---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-026603"
form_type: "8-K"
ticker: "PUBC"
cik: "0001575858"
company_name: "Purebase Corp"
filed_at: "2026-06-01T19:42:27+00:00"
generated_at: "2026-06-01T19:43:32.678163+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-026603
- form_type: 8-K
- ticker: PUBC
- cik: 0001575858
- company_name: Purebase Corp
- filed_at: 2026-06-01T19:42:27+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575858/000149315226026603/0001493152-26-026603-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575858/000149315226026603/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-026603
- JSON: https://secwatch.observer/filing/0001493152-26-026603.json
- Plain text: https://secwatch.observer/filing/0001493152-26-026603.txt

## Source-grounded claims
- claim_id: 1a5bfa56cd6b646eb7a4aa88844d23436cbb48c6
  claim: Purebase Corp entered into Memorandum of Understanding with CoreTer LLC (effective 2026-05-26).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575858/000149315226026603/0001493152-26-026603-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.