---
schema_version: "secwatch.filing_event.v1"
accession: "0001120970-24-000048"
form_type: "8-K"
ticker: "LODE"
cik: "0001120970"
company_name: "Comstock Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:03:08.185664+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Comstock restructures GenMat investment; new terms: $25M at $200M valuation, 40% stake

## Summary
- Comstock's prior $15M investment now represents ~32% of GenMat equity under new MOU.
- Comstock commits up to $25M over 4 years at $200M post-money valuation, increasing stake to 40%.
- Overall commitment reduced from $50M to $40M; third-party financing of $10M+ relieves further funding.
- GenMat achieved >98% AI accuracy for materials discovery; GENMAT-1 satellite launched; early adopter sales.
- Comstock gets exclusive license in biofuels and non-exclusive in mining under new general license agreement.

## SEC filing metadata
- accession: 0001120970-24-000048
- form_type: 8-K
- ticker: LODE
- cik: 0001120970
- company_name: Comstock Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120970/000112097024000048/0001120970-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120970/000112097024000048/lode-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001120970-24-000048
- JSON: https://secwatch.observer/filing/0001120970-24-000048.json
- Plain text: https://secwatch.observer/filing/0001120970-24-000048.txt

## Key facts
- Material Agreements
  Comstock Inc. entered into Non-Binding Memorandum of Understanding with Quantum Generative Materials LLC (Genmat) (effective 2024-04-25).
  - Action: entry
  - Counterparty: Quantum Generative Materials LLC (Genmat)
  - Effective: 2024-04-25
  source text: On April 25, 2024, Comstock Inc. (the “Company”) entered into a non-binding memorandum of understanding (the “MOU”) with Genmat to effectively amend, restate, terminate and/or supersede agreements with Quantum Generative Materials LLC (“Genmat”) dated June 24, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120970/000112097024000048/0001120970-24-000048-index.htm

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