m_and_a
confidence high
sentiment positive
materiality 0.70
Comstock amends asset sale to Mackay for $2.95M cash plus 300 acres
Comstock Inc.
- Purchase price increased from $2.75M (cash+stock) to $2.95M all cash; remaining $1.95M due by Aug 30, 2025.
- Mackay to transfer ~300 acres in Lyon County adjacent to Comstock's Dayton/Spring Valley claims at no cost.
- Comstock received $1M initial cash, plus $3.77M in prior lease revenue, totaling $6.72M from this counterparty.
- Comstock retains a 1.5% NSR production royalty on minerals extracted from the Northern Targets.
- Mackay granted 90-day exclusive right to negotiate acquisition of entities containing the Lucerne resource area.
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