Purebase Corp SEC 10-Q Report

Purebase Corp, a company specializing in the development of mineral-based products for the agricultural and construction sectors, has released its Form 10-Q report for the third quarter. The report provides a comprehensive overview of the company's financial performance and operational activities, reflecting both growth and ongoing challenges.

Financial Highlights

Revenue, net: $198,621, reflecting an increase from the previous period, indicating growth in sales.

Gross margin: $145,878, showing a significant improvement compared to the prior period, suggesting better cost management.

Loss from operations: $(754,899), indicating a continued challenge in covering operating expenses despite increased revenue.

Net loss: $(828,259), slightly improved from the previous period, reflecting ongoing efforts to manage expenses.

Loss per share – basic and diluted: $(0.00), consistent with the previous period, indicating no change in earnings per share.

Business Highlights

Agricultural Sector: The company continues to develop specialized fertilizers, sun protectants, soil amendments, and bio-stimulants for both organic and non-organic sustainable agriculture. These products are derived from mineralized materials such as leonardite, kaolin clay, and laterite, aimed at increasing crop yields and protecting plants from environmental damage.

Construction Sector: The company is focused on developing and testing a kaolin-based product intended to reduce CO2 emissions in concrete production. This product is part of the company's efforts to create high-quality supplementary cementitious materials (SCMs) that can potentially replace up to 40% of traditional cement, aligning with stricter environmental regulations.

Product Development: The company is building a brand family under the trade name 'Purebase,' which includes products like Purebase Shade Advantage WP, a kaolin-clay based sun protectant, and Humic Advantage, a humic acid product derived from leonardite.

Operational Dependency: The company relies on US Mine Corporation (USMC) for its mineral resources, which are extracted from sites owned by US Mine LLC. This relationship is crucial for the company's operations in both the agricultural and construction sectors.

Future Outlook: The company plans to continue promoting its products to existing and potential customers to generate sufficient revenues to cover anticipated expenses. It is also exploring options for short-term cash requirements, including bridge loans and equity issuances, as it transitions away from funding through USMC advances.

SEC Filing: Purebase Corp [ PUBC ] - 10-Q - Jul. 15, 2025