The arrangement is a related-party transaction with no disclosed financial terms, making the potential value to Purebase entirely speculative. Monitor for the definitive asset transfer agreement and any subsequent disclosures of the Keystone Contract's economics. The revocability terms tied to Dockter's continued role create governance risk.
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Executive Summary
Purebase Corp entered into a binding MOU with CoreTer LLC, an entity owned and controlled by its CEO A. Scott Dockter, entitling Purebase to 20% of net proceeds from CoreTer's mining option agreement with Dexter Mining LLC. In exchange, Purebase waived its right to corporate opportunities related to the agreement. The arrangement is revocable by CoreTer upon a change of control, Dockter's removal, or failure of US Mine Corp to release escrowed shares to Dockter.
Key Facts
- Purebase entered a binding MOU with CoreTer LLC, owned by CEO A. Scott Dockter, for 20% of net proceeds from the Keystone Contract (CoreTer's mining option with Dexter Mining LLC).
- Consideration is Purebase's waiver of corporate opportunity claims against Dockter for the Keystone Contract and similar deals.
- CoreTer may revoke the asset transfer upon Purebase change of control, Dockter's removal as officer/director, or failure of US Mine Corp to release escrowed shares to Dockter.
- The MOU is subject to execution of a definitive asset transfer agreement.
- No financial figures for the Keystone Contract or expected net proceeds were disclosed.
Financial Impact
No dollar amounts disclosed for the Keystone Contract or expected net proceeds; Purebase's 20% share is unquantifiable.
Risk Factors
- No disclosed financial terms for the underlying mining contract — potential value to Purebase is entirely unknown.
- Revocable by CoreTer upon change of control, Dockter's removal, or escrow failure, creating uncertainty.
- Related-party transaction with CEO raises governance concerns; waiver of corporate opportunities may disadvantage Purebase shareholders.
- Subject to execution of a definitive agreement — may not close.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-026603 |
| Exhibit: ex10-1.htm | 0001493152-26-026603 |
| Document: 0001493152-26-026603-index-headers.html | 0001493152-26-026603 |
| Document: 0001493152-26-026603-index.html | 0001493152-26-026603 |
| Document: 0001493152-26-026603.txt | 0001493152-26-026603 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | NT 10-Q | $0.001000 $0.001000 | · 0.00% | ▼ −1.01% | $0.001000 (−0.00%) |
Jun 1, 2026 21w ago | 8-K | $0.0200 $0.0220 | ▲ +10.00% | ▲ +12.75% | $0.001000 (−95.00%) |
May 12, 2026 24w ago | 8-K | $0.0160 $0.0220 | ▼ −37.50% | ▼ −37.42% | $0.001000 (+93.75%) |
Apr 20, 2026 27w ago | 8-K | $0.0200 $0.0190 | ▲ +5.00% | ▲ +5.91% | $0.001000 (+95.00%) |
US Market Status
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