---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-021491"
form_type: "8-K"
ticker: "LODE"
cik: "0001120970"
company_name: "Comstock Inc."
filed_at: "2026-06-24T10:01:20+00:00"
generated_at: "2026-06-24T10:05:29.657654+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Comstock sells legacy mining assets to Mackay for over $45M; receives $20M cash, stock, royalty

## Summary
- Sells 100% of four subsidiaries (Comstock Mining, Processing, Exploration & Development, Real Estate) to Mackay Precious Metals Inc.
- Total cash consideration: $20M initial + $7M secured 18-month note + $10M contingent payment if mine construction or change of control within 7 years.
- Comstock to retain 1.5% NSR royalty on all minerals; Mackay may repurchase royalty for $3.5M ($7M if contingent not triggered).
- Closing expected early July 2026 subject to TSX-V approval; Comstock expects >$1.5M annual cost savings from divestiture.

## SEC filing metadata
- accession: 0001437749-26-021491
- form_type: 8-K
- ticker: LODE
- cik: 0001120970
- company_name: Comstock Inc.
- filed_at: 2026-06-24T10:01:20+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120970/000143774926021491/0001437749-26-021491-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120970/000143774926021491/lode20260623_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-021491
- JSON: https://secwatch.observer/filing/0001437749-26-021491.json
- Plain text: https://secwatch.observer/filing/0001437749-26-021491.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.