NewsMV
The near-term catalyst for Comstock Inc. (NYSE: LODE) is a Securities Purchase Agreement dated June 21, 2026 with Mackay Precious Metals Inc. that carries total deal consideration of over $45 million.
TSX Venture Exchange clearance is the sole remaining condition before close. If that clears on schedule, $20 million in immediate cash reaches Comstock in August 2026.
Mining exit: the structure behind the $45 million headline The transaction transfers 100% of Comstock's mineral rights, mining operations, processing entities, and mining district real estate, including Comstock Mining LLC, Comstock Processing LLC, Comstock Exploration and Development LLC, and Comstock Real Estate Inc., whose primary asset is the Gold Hill Hotel within the Comstock mining district.
Consideration breaks down as over $30 million in combined cash and Mackay stock, assumption of all reclamation liabilities, a retained 1.5% net smelter return royalty on future mineral production (subject to Mackay's repurchase rights), and a contingent $10 million payment.
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