The company holds ownership rights for the Ione and the Snow White Pozzolan Mine in California. In May 2023, PureBase terminated a non-binding term sheet with Fortera Corporation and elected to move forward with constructing its own manufacturing facility. The company appears to be in early-stage development with minimal operational scale and significant losses.
Cyborg Score Rationale
PureBase is a microcap OTC company with trailing twelve-month revenue of only $285K and a market cap under $8M as of June 2026. The company reports negative earnings (-$0.01 EPS) and significant operating losses, with minimal commercial traction despite its mineral resource and agricultural product strategy. Management transitions in late 2023 (new CFO appointed in December 2023) suggest structural improvements, but the company remains early-stage with limited market penetration.
Top Insights
Company trades at extremely low valuation with $7.7M market cap but generates less than $300K annual revenue, indicating severe monetization challenges
Company owns mineral assets (Ione and Snow White Pozzolan Mines) but has not successfully commercialized operations at scale
Management appointed experienced CFO in December 2023 with 20+ years of public company finance experience, suggesting potential operational restructuring ahead
Company is pursuing internal manufacturing facility development rather than outsourced production, indicating capital intensity ahead
Named Competitors
Imerys — Global leader in specialty minerals for agriculture and construction
Active Minerals International — Specialty minerals producer for agriculture and industrial applications
Thiele Kaolin — Kaolin and mineral processing company
KaMin — Kaolin and mineral products for industrial and agricultural markets
Recent Developments
(December 2023) Appointed Stephen Gillings as Chief Financial Officer, bringing 20+ years of CFO experience in retail, distribution, and manufacturing
(September 2023) Added Brady Barto to Board of Directors from Signal Hill Petroleum with 18+ years of industry experience
(May 2023) Terminated non-binding term sheet with Fortera Corporation; decided to pursue independent in-house manufacturing facility construction
Open the full interactive PureBase Corporation report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.