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Comstock Sells Northern Mining Targets to Mackay Precious Metals Inc.

Dec 20, 2024•over 1 year ago

Contract Type

agreement

Virginia CityOtherManufacturingEnergyReal Estate

Description

Comstock Inc. has executed a Membership Interest Purchase Agreement to sell 100% of the northernmost patented and unpatented mining claims, mineral exploration rights, and town lots to Mackay Precious Metals Inc. for an aggregate purchase price of $2.75 million and a 1.5% NSR production royalty from the sales of silver, gold, and other valuable minerals. Comstock Inc

Company Information

Company

Comstock

Location

Virginia City, Nevada, United States

About

Comstock Inc. (NYSE: LODE) innovates and commercializes technologies that are deployable across entire industries to contribute to energy abundance by efficiently extracting and converting under-utilized natural resources, such as waste and other forms of woody biomass into renewable fuels, and end-of-life electronics into recovered electrification metals.

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Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months