Comstock sells Northern mining claims to Mackay for $2.75M plus 1.5% NSR royalty, terminates lease

Comstock Inc.

Aggregated price $2.75M: $1.3M cash upfront, $0.45M due Feb 15, 2025, $1.0M due upon Mackay public listing (cash or stock, guaranteed by Oct 31, 2025).
Comstock retains 1.5% NSR production royalty on silver, gold, and all other minerals from these claims in perpetuity.
Prior lease with Mackay terminated; Comstock had already received $3.2M in lease payments and will receive an additional $0.5M pro-rata lease payment by Feb 15, 2025.
Total consideration from lease and sale approximately $6.45M; CEO says this is positive for advancing Dayton Consolidated and Lucerne resources.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.