Comstock sells legacy mining assets for $45M+; records $16.4M impairment; recycling facility to start in August

Comstock Inc.

Agreed to sell mining entities to Mackay Precious Metals for over $45M total consideration, including $20M cash expected in August 2026.
Recorded $16.4M non-cash impairment on Bioleum developed technology intangible assets and related costs.
First solar recycling facility in Nevada commissioning ongoing; expects $5M revenue in H2 2026 from operations starting in August.
Increased investment in Sierra Springs Opportunity Fund to 47.63% for $11.64M; fund holds over 2,200 acres and water rights.
Cash and cash equivalents $31.4M at June 30, 2026; common shares outstanding 75.95M.

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