Comstock separates fuels into Bioleum Corp, closes $20M Series A tranche, Kreisler named CEO

Comstock Inc.

Completed separation of fuels segment into Bioleum Corp; Comstock received $65M in convertible preferred stock (32.5M common shares).
Bioleum closed initial $20M tranche of $50M planned Series A equity investment.
Kevin Kreisler resigned from Comstock entities, appointed CEO of Bioleum; De Gasperis executive chairman and CFO of Bioleum.
29.4M shares outstanding May 22; estimated fully diluted 32.7M after FPC settlement and Kips Bay conversion.
Comstock Metals achieved R2v3/RIOS certification for 100% landfill-free solar panel recycling.

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Executive movements

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Departed

Kevin Kreisler

Officer, Director and/or Manager

LODE · Comstock Inc.

Effective: 2025-05-22
Filed: May 28, 2025 23:59 UTC

On May 22, 2025, Kevin Kreisler resigned as an officer, director and/or manager of any and all Comstock Entities and was appointed the new Chief Executive Officer of the new independent entity Bioleum Corporation.

Source: SEC EDGAR

accession 0001437749-25-018680

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