Comstock issues 985k shares to AST, modifies payment terms, eliminates monthly cash obligations

Comstock Inc.

Second amendment requires Comstock to issue 985,000 shares to AST within 5 business days of March 20, 2025.
Cash payment of up to $2,935,386 (net of share sale proceeds) plus expenses and 12% interest due by November 15, 2025; monthly payments stopped.
If unsold shares plus net proceeds exceed closing costs, AST must return excess shares/cash to Comstock.
Press release says settlements with original founders eliminate regular cash payments, enhance liquidity and financial flexibility.
Metals segment fully operational with real-time revenue growth; fuels segment secured support agreements and investments.

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