secwatch.observer — SEC 8-K summary
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Issuer:     Purebase Corp (PUBC)
CIK:        0001575858
Form:       8-K
Filed at:   2026-06-01T19:42:27+00:00
Accession:  0001493152-26-026603
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575858/000149315226026603/0001493152-26-026603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575858/000149315226026603/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-026603

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