1. Bioleum acquired Hexas for $6.5 million, enhancing biomass production. 2. Hexas' crops yield 25-30 metric tons per acre, boosting energy independence. 3. The acquisition will accelerate Bioleum's commercialization in biofuels. 4. Conversion of land into biomass farms could double fuel output. 5. Comstock Inc. remains focused on clean energy systems and critical metals.
FAQ
Why Bullish?
The acquisition positions Bioleum for significant growth in renewable energy, which indirectly benefits LODE's focus on clean energy solutions. Historical examples, like growth in green energy stocks post-acquisitions, support a bullish outlook.
How important is it?
The emphasis on energy independence and biomass production can augment investor confidence in clean tech firms, including LODE.
Why Long Term?
The strategic acquisition will take time to influence the market but shows potential for robust growth in renewable energy solutions, which aligns with LODE's long-term goals.
Bioleum Corporation Expands Portfolio with Acquisition of Hexas Biomass Inc.
VIRGINIA CITY, Nev., Dec. 08, 2025 – Comstock Inc. (NYSE American: LODE) announces that its strategic investee, Bioleum Corporation, has successfully acquired Hexas Biomass Inc., a leader in developing purpose-grown energy crops and biomaterials. The acquisition, valued at approximately $6.5 million, enhances Bioleum’s position in the biomass sector, significantly impacting its future operations and environmental sustainability goals.
Details of the Acquisition
The $6.5 million purchase price consists of various components:
- $3.5 million paid through 146,637 shares of Bioleum common stock at $24 each.
- $500,000 in five annual cash payments of $100,000, starting at the closing date.
- $2.5 million in convertible debt, redeemable from 5% of Hexas’ aggregate revenues or convertible into Bioleum common stock, also at a conversion rate of $24 per share.
Impact on Biomass Production
Hexas Biomass Inc. boasts a portfolio of proprietary technologies that enable high-yield biomass production, achieving annual yields exceeding 25 to 30 dry metric tons per acre. In comparison, traditional forestry yields are about 4 to 7 times lower. Hexas’ energy crops are designed to flourish in diverse settings, significantly contributing to sustainable agricultural practices.
The synergy between Bioleum’s refining capabilities and Hexas’ innovative crops allows for the generation of more than 100 barrels of biofuel per acre from biomass annually. This relationship can significantly enhance domestic energy independence while bolstering rural economies through regenerative agriculture.
Statements from Leadership
Wendy Owens, founder and CEO of Hexas, expressed her enthusiasm regarding the acquisition, stating, “Bioleum’s acquisition will help us to execute on our vision by accelerating commercialization and global deployment of our technologies in biofuels and multiple other bio-based applications.”
Kevin Kreisler, CEO of Bioleum, highlighted the strategic advantages of incorporating Hexas’ low-cost feedstock model, which enhances their refining solutions and strengthens supply chain relationships: “These technologies will ensure reliability, consistency, scale, and pricing to mitigate risks and maximize profitability.”
Opportunities for Renewable Fuels
The U.S. Department of Energy has projected that the U.S. can produce over one billion tons of biomass annually, equivalent to generating more than 3 billion barrels of fuel per year through Bioleum’s refining processes. The transformation of just 40 million underutilized acres into biomass farms could further double that output while reducing variability and risk for renewable fuel projects.
Future Growth and Commitment
Kreisler concluded, “Our ambition is to build shareholder value by empowering various stakeholders to license and deploy our solutions throughout their industries faster than Bioleum or any other company could achieve independently.” As part of Bioleum’s ecosystem, Hexas will continue to serve clients globally by providing reliable biomass solutions.
Company Profiles
Hexas Biomass Inc. is recognized for its commitment to producing low-cost, plant-based raw materials that serve as sustainable alternatives to traditional fuel sources. Their innovative approach supports ecological balance by preserving trees and farmland.
Bioleum Corporation specializes in technology that transforms lignocellulosic biomass into sustainable fuels, including ethanol, renewable diesel, and gasoline, with operations extending through partnerships for biomass supply and research.
About Comstock Inc.
Comstock Inc. (NYSE: LODE) focuses on implementing systems and technologies that drive clean energy solutions by converting under-utilized natural resources into valuable metals and materials. For more information, please visit www.comstock.inc.
Contact Information
For investor inquiries, contact:
Judd B. Merrill, Chief Financial Officer
Tel: (775) 413-6222
Email: ir@comstockinc.com
For media inquiries, contact:
Zach Spencer, Director of External Relations
Tel: (775) 847-7573
Email: media@comstockinc.com