Comstock Inc. (LODE) Form 8-K — Jun 24, 2026
Comstock Inc. entered into a Securities Purchase Agreement to sell its mining subsidiaries—Comstock Mining LLC, Comstock Processing LLC, Comstock Exploration and Development LLC, and Comstock Real Estate Inc.—to Mackay Precious Metals Inc. for an aggregate transaction value exceeding $45 million. The consideration includes $20 million in cash at closing, 2 million shares of Mackay Gold & Silver Corp.
Key figures
- Debt Amount
- $7,000,000
- Cash Position
- $20,000,000
- Deal Value Usd
- $45,000,000+
- Interest Rate
- 12%
- Nsr royalty
- 1.5%
- Shares received
- 2,000,000
- Annualized savings
- $1,500,000
- Contingent payment
- $10,000,000
- Royalty buyout price
- $3,500,000
Price after filing
1 day: -3.2%7 days: +1.2%30 days: -3.9%
Close on the filing date to close N calendar days later (from $4.11). Historical, not a forecast.
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.