secwatch.observer — SEC 8-K summary
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Issuer:     Purebase Corp (PUBC)
CIK:        0001575858
Form:       8-K
Filed at:   2025-07-09T23:59:59+00:00
Accession:  0001641172-25-018261
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Purebase cancels mining rights and stock options; CEO to buy 122.9M shares
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- Cancels rights to purchase 100M tons of metakaolin and 116M stock options at $0.38.
- CEO Scott Dockter agrees to buy 122,945,823 shares from USMC for ~$14.6M plus interest.
- USMC converts $2.03M in loans into 27.2M shares; debt extinguished.
- Purebase gets 6-month option to buy mining equipment at fair market value.
- Purebase receives assignment of 2,500-acre BLM mining lease in Nevada; rescinds Snow White Mine purchase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575858/000164117225018261/0001641172-25-018261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575858/000164117225018261/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-018261

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