secwatch.observer — SEC 8-K summary
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Issuer:     Comstock Inc. (LODE)
CIK:        0001120970
Form:       8-K
Filed at:   2026-06-24T10:01:20+00:00
Accession:  0001437749-26-021491
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120970/000143774926021491/0001437749-26-021491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120970/000143774926021491/lode20260623_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-021491

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