Purebase Acquires 20% Interest in Keystone Mine Through Asset Transfer Agreement

Q: What did Purebase (OTC:PUBC) announce about acquiring a 20% interest in Keystone mine on June 2, 2026?

Purebase announced it acquired a 20% interest in Keystone mine through an Asset Transfer Agreement with CoreTer. According to Purebase, Keystone includes patented and unpatented mining claims in Nevada’s Hot Creek Mining District, expanding its resource development portfolio.

Q: Where is the Keystone mine that Purebase (PUBC) invested in located?

Keystone mine is located in the Hot Creek Mining District of Nye County, Nevada . According to Purebase, the asset consists of patented and unpatented mining claims, aligning with its strategy to build a diversified high-value minerals and commodities platform.

Q: How will Purebase use its 20% equity position in Keystone mine (PUBC)?

Purebase plans to use its 20% Keystone equity position to become better capitalized and structurally realigned. According to Purebase, this supports its goal of rapidly transforming into a diversified resource development platform for high-value minerals and commodities.

Q: Who approved Purebase’s Asset Transfer Agreement for the Keystone mine stake (PUBC)?

The Asset Transfer Agreement was executed by Director Jeffrey Guzy with unanimous written consent from Purebase’s Board of Directors. According to Purebase, this board approval underpins governance support for acquiring the 20% interest in Keystone mine.

Q: Who commented on the Keystone mine transaction for Purebase (OTC:PUBC)?

A. Scott Dockter, CEO of Purebase , commented on the Keystone transaction. According to Purebase, Dockter emphasized that the 20% equity position should support better capitalization and structural realignment toward a diversified high-value minerals and commodities platform.

Rhea-AI Impact

(High)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Purebase (OTC:PUBC) announced an Asset Transfer Agreement with CoreTer to acquire a 20% interest in Keystone mine in the Hot Creek Mining District, Nye County, Nevada. The deal was executed by Director Jeffrey Guzy with unanimous board approval.

According to Purebase, this 20% equity stake is intended to support better capitalization and structural realignment, helping complete its transformation into a diversified resource development platform focused on high-value minerals and commodities.

Positive

Acquires 20% equity interest in Keystone mine
Board unanimously approved the Asset Transfer Agreement
Stake in Nevada mining claims targeting high-value minerals and commodities
Management links transaction to better capitalization and structural realignment

Negative

None.

News Market Reaction – PUBC

+3.02%

+3.02% Session close to close

In the Jun 2 session, PUBC gained 3.02%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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06/02/2026 - 09:00 AM

Sutter Creek, CA, June 02, 2026 (GLOBE NEWSWIRE) -- Purebase Corporation (OTC: PUBC), (“Purebase” or the “Company”) a highly diversified resource development company announced today that it has acquired a 20% interest in Keystone mine through an Asset Transfer Agreement with CoreTer LLC. The agreement was executed on behalf of Purebase by Mr. Jeffrey Guzy, Director, with approval and unanimous written consent of the Company’s Board of Directors.

“The Keystone Mine (“Keystone”) consists of patented and unpatented mining claims located within the Hot Creek Mining District of Nye County, Nevada. Purebase will utilize the 20% equity position to become a better capitalized and structurally realigned company, allowing Purebase to quickly complete its transformation into a highly diversified resource development platform for high value minerals and commodities” said A. Scott Dockter, CEO of Purebase.

About Purebase Corporation

Purebase Corporation (OTC: PUBC) is a diversified resource company that acquires, develops and provides high-value minerals and agricultural products for use in domestic and global supply chains.

Contacts

Roger Edwards - Purebase Corporation - roger.edwards@purebase.com. Please visit our corporate website – www.purebase.com

Safe Harbor

This press release contains statements, which may constitute “forward-looking statements.” Those statements include statements regarding the intent, belief, or current 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 that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company’s reports filed with Securities and Exchange Commission which are available at www.sec.gov as well as the Company’s web site at www.purebase.com. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

FAQ

What did Purebase (OTC:PUBC) announce about acquiring a 20% interest in Keystone mine on June 2, 2026?

Purebase announced it acquired a 20% interest in Keystone mine through an Asset Transfer Agreement with CoreTer. According to Purebase, Keystone includes patented and unpatented mining claims in Nevada’s Hot Creek Mining District, expanding its resource development portfolio.

Where is the Keystone mine that Purebase (PUBC) invested in located?

Keystone mine is located in the Hot Creek Mining District of Nye County, Nevada. According to Purebase, the asset consists of patented and unpatented mining claims, aligning with its strategy to build a diversified high-value minerals and commodities platform.

How will Purebase use its 20% equity position in Keystone mine (PUBC)?

Purebase plans to use its 20% Keystone equity position to become better capitalized and structurally realigned. According to Purebase, this supports its goal of rapidly transforming into a diversified resource development platform for high-value minerals and commodities.

Who approved Purebase’s Asset Transfer Agreement for the Keystone mine stake (PUBC)?

The Asset Transfer Agreement was executed by Director Jeffrey Guzy with unanimous written consent from Purebase’s Board of Directors. According to Purebase, this board approval underpins governance support for acquiring the 20% interest in Keystone mine.

What strategic goal does Purebase (PUBC) link to the Keystone mine acquisition?

Purebase links the Keystone mine acquisition to completing its transformation into a highly diversified resource development platform. According to Purebase, the 20% equity stake is expected to aid better capitalization and structural realignment for high-value minerals and commodities.

Who commented on the Keystone mine transaction for Purebase (OTC:PUBC)?

A. Scott Dockter, CEO of Purebase, commented on the Keystone transaction. According to Purebase, Dockter emphasized that the 20% equity position should support better capitalization and structural realignment toward a diversified high-value minerals and commodities platform.