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Comstock Sells NSR Royalty To Mackay Precious Metals Inc.

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VIRGINIA CITY, Nev., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and th...

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AI Summary

Comstock Inc. announced the completion of a monetary deal, receiving final cash payments from Mackay Precious Metals, resulting in over $4 million in proceeds from asset sales. This enhances Comstock's financial base and supports its ambitions in silver production from substantial quantified resources.

Sentiment Rationale

Enhanced cash flow and asset acquisition position Comstock favorably. Past asset sales lead to stock price recovery, indicating investor confidence.

Trading Thesis

Consider LODE for a bullish position, offering growth potential from asset sales and production plans.

Market-Moving

  • Final transaction with Mackay boosts Comstock's cash balance significantly.
  • The acquisition of additional mineral properties enhances Comstock's resource portfolio.
  • Positive cash flow may lead to increased investment in mining operations.
  • Strategic efforts to develop silver production could drive stock price momentum.

Key Facts

  • Comstock Inc. received final $1 million from Mackay Precious Metals.
  • Total cash proceeds from sale exceed $4 million.
  • Company completed multiple positive transactions, improving financial standing.
  • Focus on advancing silver production from existing resources.
  • Sale includes additional 240 acres of mineral properties.

Companies Mentioned

  • Mackay Precious Metals (N/A): Mackay completed cash transactions with Comstock, enhancing its financial liquidity.

Corporate Developments

This article falls under 'Corporate Developments' as it discusses transaction completions and strategic advancements. These actions are pivotal for easing the financial burden and enhancing the company's operational direction in silver production.

Comstock Inc. Completes $1.1 Million Royalty Sale to Mackay Precious Metals Inc.

VIRGINIA CITY, Nev., Jan. 21, 2026 (GLOBE NEWSWIRE) — Comstock Inc. (NYSE: LODE) has successfully finalized the sale of its residual 1.5% net smelter returns (NSR) royalty to Mackay Precious Metals Inc. The company received the final payment of $1 million as part of an agreement totaling $1.1 million in cash. This transaction significantly boosts Comstock’s financial position, increasing total cash proceeds from the sale of related assets to over $4 million.

Details of the Royalty Sale

On June 30, 2023, Comstock entered into a Mineral Exploration and Mining Lease Agreement, referred to as the "Mackay Lease," with Mackay. This lease was subsequently terminated on December 18, 2024, in favor of a new agreement. Since the inception of the Mackay Lease, Comstock has received approximately $3.8 million in lease payments and reimbursed expenses, in addition to the over $4 million from the asset sales and the NSR transaction.

Key Financial Outcomes:

  • Total cash from NSR royalty sale: $1.1 million
  • Total proceeds from property sales and leases: over $4 million
  • Initial and ongoing lease payments received: approximately $3.8 million

Implications for Comstock Inc.

Corrado De Gasperis, Comstock’s executive chairman and CEO, emphasized the significance of this transaction, stating, “Realizing nearly $8 million in consideration from the previous lease and subsequent sale, wraps up a series of extremely positive transactions for Comstock and Mackay.” He also indicated that these developments are crucial as Comstock seeks to advance its S-K 1300 compliant Dayton and permitted Lucerne resources.

Comstock is focused on becoming a leading U.S. silver producer, benefiting from its extensive resource base, including millions of ounces of silver already quantified in its technical reports as well as its growing solar recycling silver endeavors.

About Comstock Inc.

Comstock Inc. (NYSE: LODE) is dedicated to innovating and commercializing technologies that facilitate the extraction and conversion of under-utilized natural resources into reusable metals, including silver, aluminum, and gold. Their focus extends mainly to recycling materials from end-of-life photovoltaic systems, positioning Comstock as a key player in the clean energy sector.

Investor Engagement and Communication

For ongoing investor relations and disclosures, Comstock Inc. continues to utilize its website and social media platforms to inform stakeholders. For all inquiries:

  • Investor Inquiries: Judd B. Merrill, CFO - Tel: (775) 413-6222, Email: ir@comstockinc.com
  • Media Inquiries: Zach Spencer, Director of External Relations - Tel: (775) 847-7573, Email: media@comstockinc.com

Forward-Looking Statements

This article may contain forward-looking statements as defined in U.S. securities laws. These statements are based on management’s beliefs about future market conditions and operational strategies. However, they are subject to various risks and uncertainties, which could cause actual results to differ materially. Interested parties are encouraged to review Comstock’s SEC filings for a comprehensive understanding of these risks.

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