Comstock Q1: Metals billings $1.34M, Fuels secures MPC investment & $152M bonds

Comstock Inc.

Comstock Metals billings of $1.34M in Q1 2025, up from $0.2M in Q4 2024; $0.60M deferred.
Fuels closed Series A from Marathon Petroleum, earned $1M Oklahoma incentive, secured $152M activity bonds.
Mining extended northern district claims monetization for over $2M in expected proceeds.
Completed 1-for-10 reverse stock split in Feb 2025; settled prior commitments with 1.76M shares, $845K gain.
Kips Bay note reduced from $10.6M to $4.35M via conversion of 1.68M shares at avg $2.21.

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