---
schema_version: "secwatch.filing_event.v1"
accession: "0001120970-23-000093"
form_type: "8-K"
ticker: "LODE"
cik: "0001120970"
company_name: "Comstock Inc."
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:12:55.709137+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Comstock's subsidiary LINICO to redeem Aqua Metals shares for $600k, consolidating ownership

## Summary
- LINICO purchases 2,453 Series A pref and 500,000 common shares from Aqua Metals for $600k, payable in 12 monthly $50k installments.
- Comstock guarantees LINICO's payment; after redemption LINICO becomes 100% owned by Comstock (previously 88.23%).
- Aqua Metals' Steve Cotton and Judd Merrill resign from all positions at LINICO effective immediately.
- LINICO's assets include 35,662 Series Seed Preferred Shares in Green Li-Ion Pte. Ltd.

## SEC filing metadata
- accession: 0001120970-23-000093
- form_type: 8-K
- ticker: LODE
- cik: 0001120970
- company_name: Comstock Inc.
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120970/000112097023000093/0001120970-23-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120970/000112097023000093/lode-20231219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001120970-23-000093
- JSON: https://secwatch.observer/filing/0001120970-23-000093.json
- Plain text: https://secwatch.observer/filing/0001120970-23-000093.txt

## Key facts
- Material Agreements
  Comstock Inc. entered into Stock Redemption Agreement with Aqua Metals, Inc. valued at $600,000 (effective 2023-12-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Aqua Metals, Inc.
  - Value: $600,000
  - Effective: 2023-12-19
  source text: On December 19, 2023, Comstock Inc. (“Comstock”), LINICO Corporation, a Nevada corporation (“LINICO”) that is 88.23% owned by the Company, and Aqua Metals, Inc., a Delaware corporation (“Aqua Metals”) entered into a Stock Redemption Agreement (the “Stock Redemption Agreement”) pursuant to which Aqua Metals agreed to sell, and LINICO agreed to purchase, 2,453 Series A preferred shares of LINICO and 500,000 common shares of LINICO in exchange for $600,000 (the “Purchase Price”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120970/000112097023000093/0001120970-23-000093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.