---
schema_version: "secwatch.filing_event.v1"
accession: "0001120970-24-000030"
form_type: "8-K"
ticker: "LODE"
cik: "0001120970"
company_name: "Comstock Inc."
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:15:30.221445+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Comstock restructures ASTC IP payments with 5M share issuance; extends Haywood Quarry purchase

## Summary
- Issues 4,975,000 shares to ASTC to replace remaining $3.5M cash obligation plus 12% annual interest on unpaid balance.
- True-up payment due April 30, 2025; excess value of unsold shares may reduce future license royalties.
- Haywood Quarry purchase price increased to $2.2M; closing extended to June 30, 2025.
- Monthly cash payments of $75k ($60k applied to purchase price) until $2.2M total paid.

## SEC filing metadata
- accession: 0001120970-24-000030
- form_type: 8-K
- ticker: LODE
- cik: 0001120970
- company_name: Comstock Inc.
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120970/000112097024000030/0001120970-24-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120970/000112097024000030/lode-20240402.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001120970-24-000030
- JSON: https://secwatch.observer/filing/0001120970-24-000030.json
- Plain text: https://secwatch.observer/filing/0001120970-24-000030.txt

## Key facts
- Material Agreements
  Comstock Inc. amended License Agreement Amendments with American Science and Technology Corporation (effective 2024-04-02).
  - Action: amendment
  - Agreement: license
  - Counterparty: American Science and Technology Corporation
  - Effective: 2024-04-02
  source text: On April 2, 2024, after the purchase of all outstanding equity interests of Comstock IP by the Company, the parties amended the License Agreements and the Asset Purchase Agreement (the “License Agreement Amendments”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120970/000112097024000030/0001120970-24-000030-index.htm

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