Purebase Corp (PUBC) Form 8-K — Jun 1, 2026

Purebase Corp entered into a binding Memorandum of Understanding with CoreTer LLC, an entity owned by CEO A. Scott Dockter, to receive 20% of the net proceeds from CoreTer’s mining agreement with Dexter Mining LLC. The arrangement requires Purebase to waive any claim to corporate opportunities arising from the mining deal, effectively allowing the CEO to pursue similar opportunities through his private company without fiduciary conflict. The transfer of proceeds is contingent upon Purebase’s board approving a definitive asset transfer agreement and is subject to revocation if the CEO is removed or if a separate escrow agreement with US Mine Corp.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.