---
schema_version: "secwatch.filing_event.v1"
accession: "0001120970-23-000098"
form_type: "8-K"
ticker: "LODE"
cik: "0001120970"
company_name: "Comstock Inc."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:45:19.822160+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Comstock enters term sheet for $3M investment in RenFuel, option to acquire majority stake in JV

## Summary
- Comstock commits $3M via senior secured convertible notes in RenFuel, payable over three years.
- Option to acquire majority stake in RenFuel subsidiary JVCo with preliminary engineering for 100,000 TPY biorefinery in Sweden.
- Comstock holds exclusive license to RenFuel's catalytic esterification technology in Americas.
- JV has offtake agreement with strategic European investor if certain thresholds are met.
- Comstock's Bioleum tech yields >100 gallons/dry tonne biomass, CI score of 15.

## SEC filing metadata
- accession: 0001120970-23-000098
- form_type: 8-K
- ticker: LODE
- cik: 0001120970
- company_name: Comstock Inc.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120970/000112097023000098/0001120970-23-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120970/000112097023000098/lode-20231222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001120970-23-000098
- JSON: https://secwatch.observer/filing/0001120970-23-000098.json
- Plain text: https://secwatch.observer/filing/0001120970-23-000098.txt

## Key facts
- Material Agreements
  Comstock Inc. entered into Term Sheet with RenFuel K2B AB ("RenFuel") valued at $3,000,000 (effective 2023-12-22).
  - Action: entry
  - Counterparty: RenFuel K2B AB ("RenFuel")
  - Value: $3,000,000
  - Effective: 2023-12-22
  source text: On December 22, 2023, Comstock Fuels Corporation (“Comstock Fuels”), a wholly owned subsidiary of Comstock Inc. (the “Company”), entered into a term sheet (the “Term Sheet”) with RenFuel K2B AB (“RenFuel”) to advance the Company’s first commercial biorefinery and make a strategic $3,000,000 investment in RenFuel.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120970/000112097023000098/0001120970-23-000098-index.htm

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