---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-038022"
form_type: "8-K"
ticker: "LODE"
cik: "0001120970"
company_name: "Comstock Inc."
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:03:16.213869+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-038022
- form_type: 8-K
- ticker: LODE
- cik: 0001120970
- company_name: Comstock Inc.
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120970/000143774924038022/0001437749-24-038022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120970/000143774924038022/lode20241108_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-038022
- JSON: https://secwatch.observer/filing/0001437749-24-038022.json
- Plain text: https://secwatch.observer/filing/0001437749-24-038022.txt

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