{"schema_version":"secwatch.filing_event.v1","accession":"0001120970-23-000048","form_type":"8-K","ticker":"LODE","cik":"0001120970","company_name":"Comstock Inc.","filed_at":"2023-07-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.185323+00:00","generated_at":"2026-06-13T11:36:06.545450+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Comstock leases Northern Targets to Mackay for $1.25M upfront plus annual fees and 1.5% NSR royalty","bullets":["Comstock subsidiary signed 20-year Mineral Lease with Mackay Precious Metals Inc. for Gold Hill and northern Occidental Lode claim groups.","Lease initiation fee of $1.25M paid at signing; annual fees of $1.5M for first 4 years, then $1M thereafter.","Comstock retains 1.5% net smelter return royalty on all future precious metal production from the claims.","Mackay must reimburse ~$200k/year in carrying costs; non-compete and mutual ROFR provisions included.","Lease automatically extends after feasibility if mining operations continue and all terms are met."],"urls":{"canonical":"https://secwatch.observer/filing/0001120970-23-000048","json":"https://secwatch.observer/filing/0001120970-23-000048.json","markdown":"https://secwatch.observer/filing/0001120970-23-000048.md","text":"https://secwatch.observer/filing/0001120970-23-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000048/0001120970-23-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000048/lode-20230630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T11:36:06.545450+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"63100c2eb653956baa396179e85eb97e810ddc39","claim":"Comstock Inc. entered into Mineral Lease with Mackay Precious Metals Inc. valued at $1.25 million lease initiation fee (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, Comstock Inc. and its wholly-owned subsidiary Comstock Northern Exploration, LLC (together, “Comstock”), entered into a Mineral Exploration and Mining Lease Agreement (the “Mineral Lease”) with Mackay Precious Metals Inc. (“Mackay”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000048/0001120970-23-000048-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"Mackay Precious Metals Inc."},{"label":"Value","value":"$1.25 million lease initiation fee"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}