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Purebase clears $1.47M debt by converting it into 72.8M shares, signaling confidence in new business direction.

Company Fundamentals
13 May 2026
GlobeNewsWire
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Bullish
pluang ai news

Purebase Corporation has eliminated $1,467,828.11 of its liabilities by converting debt into 72,837,839 shares of common stock at a price of $0.020152 per share. The debt conversion was done with CoreTer LLC, a mining company owned by Purebase's CEO, A. Scott Dockter. This move cleans up Purebase's balance sheet as the company shifts towards becoming an integrated logistics platform for high-value minerals and commodities. The CEO expressed confidence in the company's new strategic direction, aiming to strengthen its position in resource supply chains.

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