Coreter and Purebase are often mentioned together, and for good reason. They share a common owner — founder Scott Dockter — and a common goal: an efficient, aligned path that takes metal from the ground to the buyer. But they are deliberately run as two separate, independent businesses. Here is how that works, and why the structure is a strength rather than a complication.
Two companies, one goal
Coreter produces. Purebase markets and sells. Each is its own business, with its own management and its own books. They are linked by an arm's-length, benchmark-referenced marketing and offtake relationship — meaning the terms between them reference independent market benchmarks rather than internal prices set behind closed doors.
Coreter as a producer, Purebase as the route to market — while a shared goal and a shared owner keep them pulling in the same direction.
Why keep them separate
Different businesses attract different attention. A producing miner is understood through geology, grades, and operations. A marketing company is understood through counterparties, throughput, and working capital. Keeping the two distinct lets each be evaluated on its own merits, rather than blurred into a single story that serves neither well.
Alignment, not just control
The fact that one principal stands behind both companies is the source of their alignment: every decision, from extraction to sale, serves one coherent interest, and value does not leak to outside parties. Documented as an arm's-length relationship, that alignment stays clean and legible — which is exactly how it should be.