November 2023 - Purebase

Purebase Corporation announces today that it has signed an agreement with Capstone Partners

by Admin | Nov 14, 2023 | news, Press Release

Pictured above is a commercial calciner plant located in Africa, designed by industrial engineering company, Thyssenkrupp. Purebase and Capstone Partners have signed a finance agreement of the design and construction of a similar kaolin calcining production facility.

Purebase Corporation announces today that it has signed an agreement with Capstone Partners

IONE, CA, November 14, 2023 – Purebase Corporation (OTCPK: PUBC), (“Purebase”) announces today that it has signed an agreement with Capstone Partners to secure financing up to 120 million to fund the design, construction, and equipping of a new kaolin mineral production facility. This new facility will produce a metakaolin that is targeted for use as a supplementary cementitious material (SCM) for use in the production of lower-carbon cement.

Purebase CEO, Scott Dockter, stated “These funds will allow us, at the completion of this facility, to produce up to one-million tons of a finished product. This will be a great start towards our goal of becoming a sustainable and reliable manufacturer of SCM’s for many years to come.”

Capstone Partners Managing Director of Energy & Natural Resources, Raymond McCormick, added “We are thrilled to be involved in the fundraising effort with a project that comes at the right time, and that will garner widespread attention, for an extremely demanded product for the cement industry to assist in reducing carbon emissions.”

About Purebase Corporation

Purebase Corporation (OTCPK:PUBC) is a diversified resource company that acquires, develops, and markets minerals for use in agriculture, construction, and other specialty industries.

Safe Harbor

This press release contains statements, which may constitute “forward-looking statements”. Those statements include statements regarding the intent, belief, or current plans or expectations of Purebase Corporation and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Risks and other important factors concerning Purebase’s business are described in the Company’s Annual Report on Form 10-K for the year ended November 30, 2022, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to update its forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contacts

Emily Tirapelle – Purebase Corporation | emily.tirapelle@purebase.com.

Purebase Corporation Enters into a Material Definitive Agreement

by Admin | Nov 8, 2023 | news, Press Release

Purebase Corporation Enters into a Material Definitive Agreement

IONE, CA, November 8, 2023 – Purebase Corporation (OTCPK: PUBC), (“Purebase”) Purebase Corporation entered a Second Amendment to the Materials Extraction Agreement (“Agreement”) on November 1, 2023 with US Mine, LLC (“US Mine”), which Agreement provides for US Mine to provide kaolin clay for Purebase’s planned production of metakaolin to be used as supplementary cementitious material (SCM).

The Amendment provides, among other things, for the cancellation of US Mine’s option to purchase up to 116,000,000 shares of the Company’s common stock and in lieu thereof the Company will pay US Mine a monthly production royalty of $20.00 per ton of kaolin clay extracted from property owned by US Mine.

Purebase Corporation CEO, Scott Dockter, stated “this amended agreement is all about sustainability for Purebase. We will have decades of resources available to help reduce the carbon emissions that occur during the manufacturing of cement. One of the biggest concerns we’ve heard from the cement industry is that the materials to make a lower carbon cement can be in short supply. I believe this agreement will help alleviate those concerns.”