Comstock raises $57.5M equity, reports Q1 cash of $53M; metals commissioning June 2026

Comstock Inc.

Completed oversubscribed equity financing of $57.5M gross ($53.1M net) to accelerate metals recycling.
Cash and equivalents $53.0M at Mar 31, 2026; $44.3M at May 5, 2026; shares outstanding 74.1M at Q1 end.
Extinguished ~$5M earnout liability with 1.75M shares; sold mining royalties for additional $1.4M.
Comstock Metals equipment installed, commissioning ongoing; first industry-scale facility operations expected by end of Q2 2026.
Entered $22M surety arrangement (up to $54M by Dec 2027) securing 250-300 MW power for Nevada real estate.

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