Comstock details FY2024 progress in metals, fuels, mining; plans spin-off of fuels unit

Comstock Inc.

Metals recycling demo facility on three shifts; FY2025 billable revenue expected ~$2.5M (5-6x 2024).
Fuels secured $152M in bonds, $3M incentives, Series A from Marathon; targeting 200M barrels/yr by 2035.
Mining monetized northern claims for $2.4M cash; FY2025 expects $1.75M from leases/sales.
Effected 1-for-10 reverse stock split; authorized shares increased for growth capitalization.
Plans to spin off Comstock Fuels into standalone public company, creating two high-growth entities.

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