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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event
reported)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><U>June 19, 2018</U></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>AuraSource, Inc.</U></B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified
in its charter)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%">
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    <TD STYLE="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nevada</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">000-28585</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">68-0427395</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State or other jurisdiction of incorporation)</FONT></TD>
    <TD STYLE="text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(IRS Employer Identification No.)</FONT></TD></TR>
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    <TD STYLE="width: 52%; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">1490 South Price Road, Suite 210C</P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Chandler, AZ</U></P></TD>
    <TD STYLE="width: 48%; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">85286</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Zip Code)</FONT></TD></TR>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant's telephone number, including
area code:&nbsp;&nbsp;(480) 292-7179</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>


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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Item 1.02 Termination of Material Definitive Agreement</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I>&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On February 15,
2012, we entered into an agreement with Gulf Coast Holdings, LLC (&ldquo;GCH&rdquo;), an affiliate common ownership with HKM which
owns over 10% voting rights, to reserve export ready one million tons of 64% Fe higher content iron ore and 13 million tons of
45% grade lower content iron ore, and two million tons of manganese ore. We issued the Mineral Deposit Shares to GCH or its assigns.
On February 19, 2012, GCH assigned 100% of its interest in the Mineral Reserve Agreement to Hong Kong Minerals Holdings, Ltd. The
Mineral Deposit Shares would vest and be delivered as follows: five million immediately and 11 million upon the successful completion
of the first customer order of total revenue over $5 million. To date, the Company has not achieved $5 million in revenue, as such the 11 million shares was being held by the
Company. Additionally, we entered into an agreement
with Gulf Coast Mining Group, LLC (&ldquo;GCM&rdquo;) to purchase Minerals which would be delivered loose in bulk modified FOB.
We entered into an agreement with GCH appointing GCH as the exclusive North American licensee for use and exploitation of our technology
as it relates to applications involving precious metals in exchange for royalty payments of 5% of gross revenues. HKM was considered an affiliate as it owns greater than 10% of our outstanding common stock.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On June 19, 2018,
the Company, GCH, GCM and HKM agreed to terminate all past agreements between the parties referenced above (&ldquo;Release&rdquo;).
Under the terms of the Release, the Company will receive 20,000 tons of Iron Duke ore with equivalent chemical composition as that
has been delivered in the past (&ldquo;Payment&rdquo;) Payment shall be set aside in a separate pile for AuraSource retrieval (the
&ldquo;Pick up&rdquo;). Upon 30 days advanced written notice, AuraSource shall be allowed access to retrieve the Payment. Payment
shall be removed from the ground prior and put in staging area by the end of the 30 days&rsquo; notice. The Company shall be responsible
for all logistics and the costs associated therewith for loading and transporting the subject Payment. Such ore shall be picked
up by the Company within 270 days from the date of execution of this Agreement. If the Company does not pick up the ore within
the 270 days, the Company will lose the rights to the ore. The $363,077.89 (&ldquo;Net Amount Owed&rdquo;) which constitutes all
deposits made by the Company, less all amounts owed by the Company under the past agreements shall be forgiven. The 16 million
shares referenced above shall be cancelled.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Item 9.01 Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">(d) Exhibits</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;None</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>


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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</P>

<P STYLE="font: 10pt/11.5pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/11.5pt Times New Roman, Times, Serif; margin: 0 0 10pt">AuraSource, Inc.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.1in; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">June 19, 2018</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt"><U>/s/ Eric Stoppenhagen</U></P>

<P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">Name: Eric Stoppenhagen</P>

<P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">Title: Chief Financial Officer</P>

<P STYLE="font: 12pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>



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</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "araoform8k180619.htm", "description": "AURASOURCE, INC. FORM 8-K JUNE 19, 2018", "secsgml_size_bytes": 14169}]
{"company-data": {"conformed-name": "AuraSource, Inc.", "cik": "0001083922", "assigned-sic": "1382", "irs-number": "680427395", "state-of-incorporation": "NV", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28585", "film-number": "18908964"}, "business-address": {"street1": "1490 SOUTH PRICE ROAD", "street2": "SUITE 219", "city": "CHANDLER", "state": "AZ", "zip": "85286", "phone": "480-292-7179"}, "mail-address": {"street1": "1490 SOUTH PRICE ROAD", "street2": "SUITE 219", "city": "CHANDLER", "state": "AZ", "zip": "85286"}, "former-company": [{"former-conformed-name": "MOBILE NATION INC", "date-changed": "20030731"}, {"former-conformed-name": "WOLFSTONE CORP", "date-changed": "19991210"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported)
June 19, 2018
AuraSource, Inc.
(Exact name of registrant as specified
in its charter)
Nevada
000-28585
68-0427395
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1490 South Price Road, Suite 210C
Chandler, AZ
85286
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including
area code:  (480) 292-7179
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.02 Termination of Material Definitive Agreement
On February 15,
2012, we entered into an agreement with Gulf Coast Holdings, LLC ("GCH"), an affiliate common ownership with HKM which
owns over 10% voting rights, to reserve export ready one million tons of 64% Fe higher content iron ore and 13 million tons of
45% grade lower content iron ore, and two million tons of manganese ore. We issued the Mineral Deposit Shares to GCH or its assigns.
On February 19, 2012, GCH assigned 100% of its interest in the Mineral Reserve Agreement to Hong Kong Minerals Holdings, Ltd. The
Mineral Deposit Shares would vest and be delivered as follows: five million immediately and 11 million upon the successful completion
of the first customer order of total revenue over $5 million. To date, the Company has not achieved $5 million in revenue, as such the 11 million shares was being held by the
Company. Additionally, we entered into an agreement
with Gulf Coast Mining Group, LLC ("GCM") to purchase Minerals which would be delivered loose in bulk modified FOB.
We entered into an agreement with GCH appointing GCH as the exclusive North American licensee for use and exploitation of our technology
as it relates to applications involving precious metals in exchange for royalty payments of 5% of gross revenues. HKM was considered an affiliate as it owns greater than 10% of our outstanding common stock.
On June 19, 2018,
the Company, GCH, GCM and HKM agreed to terminate all past agreements between the parties referenced above ("Release").
Under the terms of the Release, the Company will receive 20,000 tons of Iron Duke ore with equivalent chemical composition as that
has been delivered in the past ("Payment") Payment shall be set aside in a separate pile for AuraSource retrieval (the
"Pick up"). Upon 30 days advanced written notice, AuraSource shall be allowed access to retrieve the Payment. Payment
shall be removed from the ground prior and put in staging area by the end of the 30 days' notice. The Company shall be responsible
for all logistics and the costs associated therewith for loading and transporting the subject Payment. Such ore shall be picked
up by the Company within 270 days from the date of execution of this Agreement. If the Company does not pick up the ore within
the 270 days, the Company will lose the rights to the ore. The $363,077.89 ("Net Amount Owed") which constitutes all
deposits made by the Company, less all amounts owed by the Company under the past agreements shall be forgiven. The 16 million
shares referenced above shall be cancelled.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
None
-
2
-
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
AuraSource, Inc.
June 19, 2018
/s/ Eric Stoppenhagen
Name: Eric Stoppenhagen
Title: Chief Financial Officer