VIRGINIA CITY, Nev., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE, the “Comp...








    



            







    
        
            December 03, 2025 16:15 ET
        

        
             | Source:
            

                Comstock Inc.
            
                

        
    

    

    

    





        
VIRGINIA CITY, Nev., Dec.  03, 2025  (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE, the “Company”) today announced that one of its strategic investees, Bioleum Corporation (“Bioleum”), acquired substantially all of the patents and other intellectual property assets of RenFuel K2B AB (“RenFuel”) through a wholly-owned subsidiary of Bioleum, including RenFuel’s patented catalytic esterification process to refine Bioleum’s proprietary biointermediates.  The purchase price includes an $18.1 million closing payment comprised of $12.5 million paid with 520,833 shares of Bioleum common stock, $2.5 million paid in the form of warrants to purchase an additional 104,167 shares of Bioleum common stock at an exercise price of $24 per share, $2.6 million in debt forgiveness, and cash of $500,000. The purchase price further includes a contingent earn-out payment equal to 3% of the aggregate revenues generated from sales of lignin ester produced using the technologies acquired from RenFuel up to a cap of $11.9 million.  “Bioleum has assembled a world class team with a singular focus of converting woody biomass into a renewable alternative to petroleum with universal application potential in existing liquid fuels and other supply chains,” said Kevin Kreisler, Bioleum’s chief executive officer. “RenFuel’s patented catalytic esterification process and related intellectual properties were developed over many years with a similar objective, with compelling synergies when combined with our intellectual properties. We are thankful for RenFuel’s ingenuity and years of hard work, and we are excited to bring our combined technologies to market.”  “RenFuel’s intellectual properties have more potential in Bioleum’s hands when combined with Bioleum’s technology stack,” stated Johan Löchen, RenFuel’s chief executive officer. “We believe that this transaction will maximize and accelerate the commercialization of our technologies globally and we are looking forward to Bioleum’s future success.”  Bioleum additionally granted RenFuel an exclusive license to use the acquired technologies in biomaterials applications, subject to a 3% royalty, and entered into a development services agreement with RenFuel for ongoing technology development work involving the RenFuel laboratory and pilot systems in Upsala, Sweden and key fuels-related technology employees. Bioleum retained the right, via a reciprocal non-exclusive license, to use the acquired technologies in biomaterials applications in North America, South America and Central America.  The transaction also terminates a pre-existing commitment by Bioleum to fund approximately $1 million per year to RenFuel, pursuant to the Securities Purchase Agreement and 7% Senior Secured Convertible Notes, dated April 19, 2024.  About RenFuel K2B AB   RenFuel innovates technologies that contribute to decarbonization and circularity by effectively turning under-utilized biomass waste and residues into renewable materials. To learn more, please visit www.renfuel.se.   About Bioleum Corporation   Bioleum Corporation develops and commercializes technologies that convert lignocellulosic biomass, such as purpose-grown crops and wood residues, into low-carbon fuels and refinery intermediates, including ethanol, SAF, renewable diesel, and gasoline. The company is advancing its first commercial facility in Oklahoma and operates pilot assets in Wisconsin, supported by partnerships spanning biomass supply, industrial integration, and research institutions. To learn more, please visit www.bioleum.com.  About Comstock Inc.  Comstock Inc. (NYSE: LODE) innovates and commercializes technologies, systems and supply chains that enable, support and sustain clean energy systems by efficiently, effectively, and expediently extracting and converting under-utilized natural resources into reusable metals, like silver, aluminum, gold, and other critical minerals, primarily from end-of-life photovoltaics. To learn more, please visit www.comstock.inc.  Comstock Social Media Policy  Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its X.com, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.  Contacts  For investor inquiries:Judd B. Merrill, Chief Financial OfficerTel (775) 413-6222ir@comstockinc.com  For media inquiries:Zach Spencer, Director of External RelationsTel (775) 847-7573media@comstockinc.com  Forward-Looking Statements   This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future market conditions; future explorations or acquisitions; divestitures, spin-offs or similar distribution transactions, future changes in our research, development and exploration activities; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, divestitures, spin-offs or similar distribution transactions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; business opportunities, growth rates, future working capital, needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments, and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious and other metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; challenges to, or potential inability to, achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology and efficacy, quantum computing and generative artificial intelligence supported advanced materials development, development of cellulosic technology in bio-fuels and related material production; commercialization of cellulosic technology in bio-fuels and generative artificial intelligence development services; ability to successfully identify, finance, complete and integrate acquisitions, spin-offs or similar distribution transactions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company or any other issuer.  
            

LODE

Bioleum Corporation Acquires RenFuel's Intellectual Property Portfolio

<article>
    <header>
        <h1>Bioleum Corporation Acquires RenFuel's Intellectual Property Portfolio</h1>
        <p>December 03, 2025 | Source: GlobeNewsWire</p>
    </header>
    
    <section>
        <h2>Overview of the Acquisition</h2>
        <p>Comstock Inc. (NYSE American: <strong>LODE</strong>) announced that its strategic investee, Bioleum Corporation, has completed the acquisition of nearly all intellectual property assets from RenFuel K2B AB. This acquisition includes RenFuel’s patented catalytic esterification process, which will enhance Bioleum's proprietary biointermediates. The total purchase price for this transaction is approximately <strong>$18.1 million</strong>.</p>
    </section>
    
    <section>
        <h2>Details of the Transaction</h2>
        <p>The closing payment includes several components: </p>
        <ul>
            <li><strong>$12.5 million</strong> paid via <strong>520,833 shares</strong> of Bioleum common stock</li>
            <li><strong>$2.5 million</strong> in warrants to purchase an additional <strong>104,167 shares</strong> at an exercise price of <strong>$24 per share</strong></li>
            <li><strong>$2.6 million</strong> in debt forgiveness</li>
            <li><strong>$500,000</strong> in cash</li>
        </ul>
        <p>Additionally, a contingent earn-out payment of <strong>3%</strong> on the aggregate revenues from lignin ester sales, reaching a maximum of <strong>$11.9 million</strong>, is also part of the acquisition.</p>
    </section>
    
    <section>
        <h2>Statements from Company Leaders</h2>
        <p>Kevin Kreisler, CEO of Bioleum, expressed enthusiasm about the acquisition, stating, “Bioleum has assembled a world class team with a singular focus on converting woody biomass into a renewable alternative to petroleum with universal application potential." He highlighted the potential synergies between the technologies of Bioleum and RenFuel.</p>
        
        <p>RenFuel's CEO, Johan Löchen, echoed this sentiment, stating, “RenFuel’s intellectual properties have more potential in Bioleum’s hands... We are looking forward to Bioleum’s future success.”</p>
    </section>
    
    <section>
        <h2>License and Development Agreements</h2>
        <p>In addition to the acquisition, Bioleum granted RenFuel an exclusive license to utilize these technologies in biomaterials applications, which will be subject to a <strong>3%</strong> royalty. A development services agreement was also established for ongoing development involving RenFuel’s facilities in Upsala, Sweden.</p>
        <p>Bioleum retains a reciprocal non-exclusive license to use the acquired technologies in biomaterials applications across North America, South America, and Central America. This transaction effectively ends a pre-existing <strong>$1 million</strong> annual funding commitment by Bioleum to RenFuel under the Securities Purchase Agreement.</p>
    </section>
    
    <section>
        <h2>About the Companies Involved</h2>
        <p><strong>RenFuel K2B AB</strong> focuses on technologies aimed at decarbonizing and promoting circular economy practices by converting waste biomass into renewable materials. For more information, visit <a href="http://www.renfuel.se">www.renfuel.se</a>.</p>

        <p><strong>Bioleum Corporation</strong> specializes in transforming lignocellulosic biomass into low-carbon fuels and refinery intermediates, including ethanol and renewable diesel. The company is advancing its first commercial facility in Oklahoma while operating pilot plants in Wisconsin. More details can be found at <a href="http://www.bioleum.com">www.bioleum.com</a>.</p>

        <p><strong>Comstock Inc.</strong> (NYSE: <strong>LODE</strong>) is dedicated to innovating and commercializing technologies that enhance clean energy systems and the effective extraction of metals from renewable sources. To learn more, visit <a href="http://www.comstock.inc">www.comstock.inc</a>.</p>
    </section>
    
    <section>
        <h2>Contact Information</h2>
        <p>For investor inquiries:</p>
        <p>Judd B. Merrill, Chief Financial Officer<br>
            Tel: (775) 413-6222<br>
            Email: <a href="mailto:ir@comstockinc.com">ir@comstockinc.com</a>
        </p>
        
        <p>For media inquiries:</p>
        <p>Zach Spencer, Director of External Relations<br>
            Tel: (775) 847-7573<br>
            Email: <a href="mailto:media@comstockinc.com">media@comstockinc.com</a>
        </p>
    </section>
</article>

Bioleum acquired patents from RenFuel for $18.1 million.
The deal includes equity, debt forgiveness, and revenue share agreements.
Bioleum aims to innovate low-carbon fuels using RenFuel's technology.
This acquisition may accelerate commercialization of sustainable alternatives.
LODE continues to focus on clean energy system innovations.

Bioleum Corporation Acquires RenFuel's Intellectual Property Portfolio

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News