Purebase Corp 8-K, filed Jan 24, 2025
Purebase Corp (PUBC)
About this 8-K
Purebase Corp filed this 8-K on January 24, 2025, reporting on events of January 23, 2025.
Items reported
- Item 8.01: Other events
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Item 8.01 Other Events
Purebase Corporation ( the “Company”) previously reported in its Annual Reports on Form 10-K that it had entered into an assignment of lease for mineral rights (the “Lease”) with U.S. Mine Corporation, a Nevada company and a significant stockholder of the Company (“USMC”), as assignor, pursuant to which PureBase Ag, a Nevada corporation and wholly-owned subsidiary of the Company, acquired mining rights to approximately 2,500 acres located on the western side of the Weepah Hills in the Mount Diablo Meridian area of Esmeralda County, Nevada (the “Esmeralda Project”), granted by the Bureau of Land Management. In connection with such assignment, the Company assumed the obligation to make annual lease payments and pay other ongoing fees and expenses relating to the development of the Esmeralda Project. The Company became aware that the assignment of the Lease from USMC to PureBase Ag was not effectuated and, to the Company’s knowledge, the rights and obligations under the Lease remain with USMC.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PUREBASE CORPORATION | ||
| Date: January 24, 2025 | By: | /s/ A. Scott Docktor |
| Title: | Chief Executive Officer | |