Coreter mines; Purebase markets and sells. The two are separate, independently managed companies that share a common owner — and the way that relationship is structured is deliberate.
It would be simpler, on paper, to run a single combined entity. Purebase and Coreter are kept separate on purpose. Each business has its own management, board, books, balance sheet and investor base, and each is financed and valued on its own metrics. What binds them is common ownership by founder Scott Dockter, a shared goal — metal to market — and a defined commercial relationship.
Arm's-length, by design
The two are linked by an arm's-length, benchmark-referenced offtake arrangement. “Arm's-length” means the terms are set as they would be between unrelated parties; “benchmark-referenced” means pricing follows the same transparent global standards any buyer and seller would use. Together, those features keep the relationship clean — for investors who want to understand each business on its own footing, and for tax, where related-party dealings demand exactly this discipline.
Stated plainly rather than buried, common ownership is a strength: two boards and a documented arm's-length agreement read as stronger governance than a single owner-controlled entity, while the shared owner keeps both companies pulling in the same direction.
Aligned, not captive
Crucially, the supply relationship is aligned, not captive. Purebase is free to market third-party metal alongside Coreter's output, and Coreter retains its own independence and investor story. The alignment gives Purebase a secured, traceable source of supply; the separation keeps each company's interests honest.
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