{"url_path":"/sec/pubc/8-k/2026-06-01/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1575858/0001493152-26-026603-index.html","accession_number":"0001493152-26-026603","cik":"0001575858","ticker":"PUBC","issuer_name":"Purebase Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1575858/0001493152-26-026603-index.html","primary_entity_key":"0001575858","primary_entity_name":"Purebase Corp"},"word_count":247,"has_tables":true,"body_markdown":"** **\n\n \n\n \n\n \n\n \n\n** **\n\n**Item\n1.01 Entry into a Material Definitive Agreement.**\n\n** **\n\nOn\nMay 26, 2026, Purebase Corporation (the “Company”) entered into a binding Memorandum of Understanding (the “MOU”)\nwith CoreTer LLC, a Nevada limited liability company (“CoreTer”), pursuant to which the Company will be entitled to 20% of\nthe net proceeds received by CoreTer under an Exclusive Mining Option and Development Agreement,\ndated March 19, 2026, between CoreTer and Dexter Mining LLC.\nIn consideration therefor, the Company will waive any requirement that A. Scott Dockter, the Company’s Chief Executive Officer\nand a director, present to the Company, corporate opportunities that relate to such agreement or similar agreements or business opportunities\nin which Mr. Dockter may have an interest. CoreTer is owned and managed by A. Scott Dockter.\n\n \n\nThe\nCompany’s right to such proceeds may terminate upon the Company’s change of control, as defined in the MOU, Mr. Dockter’s\nremoval as an officer and director of the Company, or the failure of US Mine Corp. pursuant to a Common Stock Purchase Agreement, dated\nJune 18, 2025, as amended July 9, 2025, to release shares of the Company’s common stock to Mr. Dockter held in escrow under a related\nescrow agreement.\n\n \n\nThe\nMOU is subject to the parties thereto entering into a definitive asset transfer agreement.\n\n \n\nThe\nforegoing description of the MOU is qualified in its entirety by reference to the full text of the MOU, a copy of which is attached hereto\nas Exhibit 10.1 and is incorporated herein by reference."}