Purebase Announces Shift to Multi-Commodity Resource Operations Through Strategic Growth Initiative With CoreTer LLC

Rhea-AI Summary

Purebase (OTC: PUBC) announced a Strategic Growth Initiative with CoreTer LLC on March 24, 2026 to transition from an agricultural minerals supplier into a diversified multi-commodity resource development company.

CoreTer will act as Operator and capital provider via an existing $1.0 million line of credit that converts into equity as funds are drawn, enabling execution without traditional fundraising while aligning long-term performance incentives.

Positive

• Secured a $1.0 million convertible line of credit from CoreTer
• Strategic pivot to a multi-commodity resource development business model
• CoreTer designated as Operator and capital provider, centralizing operations and funding

Negative

• Convertible $1.0M credit line can cause shareholder dilution when converted to equity
• Business model shift increases operational and execution complexity during transition

News Market Reaction – PUBC

-8.54%

1 alert

-8.54% News Effect

On the day this news was published, PUBC declined 8.54%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Tonopah, NV, March 24, 2026 (GLOBE NEWSWIRE) -- Purebase Corporation (“Purebase” or the “Company”) today announced its streamlined plan to transition the Company from a single-product agricultural minerals supplier into a diversified resource platform through a long-term Strategic Growth Initiative with CoreTer LLC.

Under the new structure, Purebase will transition to a Resource Development Company, and CoreTer LLC will serve as Operator and capital provider through an existing $1 million line of credit. Funding enables Purebase to execute its strategic growth plan without traditional fundraising. Funds drawn convert into equity and will further align both companies through long-term performance-based value creation.

This is a fundamentally a different company than Purebase of the past—more diversified, better capitalized, and structurally realigned for performance, growth and immediate cash flow.

“This initiative gives Purebase the capital support, operational scale, and resource exposure we’ve never had access to before,” said Scott Docktor, CEO of Purebase. “We’re building a stronger, more diversified company—one that can generate recurring industrial revenue while continuing to serve our long-standing agricultural customers.”

About Purebase Corporation

Purebase Corporation (OTCQB: PUBC) is a diversified resource company that develops and acquires high-value minerals for use domestic and global mineral supply chains.

Contacts

A Scott Dockter - Purebase Corporation scott.dockter@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 (PUBC) announce on March 24, 2026 about its business model?

Purebase is transitioning from an agricultural minerals supplier to a multi-commodity resource development company. According to the company, the Strategic Growth Initiative with CoreTer repositions Purebase for diversified industrial revenue and immediate cash flow while retaining agricultural services.

How is Purebase (PUBC) funding its Strategic Growth Initiative with CoreTer?

Funding is provided through an existing $1.0 million line of credit from CoreTer that converts to equity when drawn. According to the company, this structure enables the plan without traditional fundraising and aligns incentives via performance-based conversion.

What role will CoreTer LLC play in Purebase's (PUBC) new strategy?

CoreTer will serve as Operator and capital provider under the Strategic Growth Initiative. According to the company, CoreTer will manage operations and supply capital to support resource development and commercialization activities.

Will the $1.0M convertible credit affect Purebase (PUBC) shareholders?

Yes — conversion of the $1.0M line into equity may dilute existing shareholders. According to the company, draws convert into equity, aligning long-term value creation but changing the company capital structure.

What are the near-term operational impacts for Purebase (PUBC) after the announcement?

The company expects increased operational scale and immediate cash flow support from CoreTer's financing and operator role. According to the company, this should enable faster resource development while continuing service to agricultural customers.