Comstock Inc. closed its previously announced transaction to sell 100% of its mineral, mining, processing, and real estate entities to Mackay Precious Metals Inc., a subsidiary of Mackay Gold & Silver Corp. The aggregate transaction value exceeds $45 million. Comstock received $20 million in cash and 2 million common shares of Mackay Gold & Silver Corp., valued at approximately $4.5 million, expecting to record a gain of $10 million to $12 million. A secured second-tranche payment of $7 million is due within 18 months. Comstock retains a 1.5% NSR royalty and has a contingent right to $10 million if Mackay constructs a mine or undergoes a change-of-control with consideration of at least $500 million. The divestiture reduces annual operational costs by an estimated $1.5 million. Comstock Inc. innovates technologies for extracting and converting under-utilized natural resources into reusable metals, primarily from end-of-life photovoltaics.

Comstock Inc. announced its second quarter 2026 results, highlighting the upcoming August 2026 launch of its first industry-scale solar recycling facility in Nevada and an expected $5 million in revenues for the second half of 2026. The company entered into a Securities Purchase Agreement to sell its legacy mining assets to Mackay Precious Metals Inc. for over $45 million, including $20 million in immediate cash proceeds expected in August 2026. Additionally, Comstock recorded a $16.4 million non-cash impairment loss related to Bioleum's technology assets. The company also increased its investment in Sierra Springs Opportunity Fund to 47.63% for $11.64 million. Comstock operates in the clean energy technology sector, extracting reusable metals from end-of-life photovoltaics and renewable fuels.

Comstock Inc. entered into a Securities Purchase Agreement to sell its membership interests in Comstock Mining LLC, Comstock Processing LLC, and Comstock Exploration and Development LLC, along with Comstock Real Estate Inc., to Mackay Precious Metals Inc. and Mackay Gold & Silver Corp. The aggregate purchase price consists of $20,000,000 in cash, 2,000,000 shares of Mackay Parent common stock, a $7,000,000 second tranche payment, assumption of reclamation obligations, assumption of surety bond deposits, and a $10,000,000 contingent payment. The transaction is expected to close in early July. Comstock Inc. operates in the mining industry and manages gold and silver properties in Nevada.

On June 15, 2026, Comstock Inc.'s Compensation Committee approved equity awards under the 2026 Equity Incentive Plan totaling 1,961,986 performance stock units (PSUs) and 783,618 restricted stock units (RSUs). These grants represent approximately 37% of the shares authorized under the new plan. The CEO was awarded 247,252 RSUs and 619,059 PSUs, the CFO received 121,597 RSUs and 304,449 PSUs, and the Chief Accounting Officer was granted 36,838 RSUs and 92,234 PSUs. PSUs are tied to stock price appreciation targets over a three-year period with a vesting date of June 30, 2029. RSUs vest in three annual installments starting June 30, 2027. Comstock Inc. is a company involved in the mining and resource development industry.

Comstock Inc. announced that its previous independent registered public accounting firm, Assure CPA, LLC, resigned following the acquisition of its assets by Sadler, Gibb & Associates, LLC. The Company's Board of Directors appointed Sadler Gibb as the Company's new independent registered public accounting firm, effective June 5, 2026. The Company states that there were no disagreements with Assure regarding accounting principles, financial statement disclosure, or auditing scope. Comstock Inc. operates in the mining and exploration industry.