Comstock Inc.

Comstock Inc. announced significant progress at its Comstock Metals LLC solar panel recycling facility. All industry-scale precision equipment for the 100,000 ton per year production line has arrived and been assembled. Three key unit operations, including the robotic loading arms, Eddy system, and washing system, have been commissioned and tested, with the Eddy system exceeding performance requirements. The company expects commissioning and integration to conclude by late July 2026, with continuous operations commencing thereafter and the first full month of operation within the next two months.

Comstock Inc.'s wholly owned subsidiary, Comstock Metals LLC, announced the selection of Cambridge, Ohio, as a national location for its industrial-scale solar panel recycling and production facility and logistics hub. This expansion is expected to create 20 full-time positions and is supported by a $75,000 grant from JobsOhio. The new facility will complement Comstock Metals' existing operation in Silver Springs, Nevada, which is scaling to 100,000 tons of annual solar panel recycling with 100% material recovery, and will help reduce transportation costs for its growing Midwest and Eastern US customer base.

Comstock Inc. announced the sale of 100% of its mineral, mining, processing, and related mining district real estate entities to Mackay Precious Metals Inc. for an aggregate transaction value exceeding $45 million. The deal includes over $30 million in cash and stock payments, a retained 1.5% net smelter returns royalty, the assumption of all reclamation obligations, and a potential $10 million contingent payment. This divestiture is a strategic move to transform Comstock from a hard rock mining company to a renewable metals and materials company, aiming to unlock shareholder value, reallocate capital for growth, and reduce costs.

Comstock Inc. announced the sale of its mineral, mining, processing, and related real estate entities to Mackay Precious Metals Inc. for an aggregate transaction value exceeding $45 million. The deal includes over $30 million in cash and stock, a retained 1.5% NSR royalty, and a contingent future payment of $10 million. This divestment is a critical step in Comstock's transformation from a junior mining company to a renewable metals and materials company, expected to reduce annual costs by over $1.5 million.

Comstock Inc.'s Compensation Committee approved significant equity awards, including 1,961,986 performance stock units (PSUs) and 783,618 restricted stock units (RSUs), for certain employees and executive officers. The majority of this incentive program is performance-based, with PSUs tied to specified stock price appreciation over a three-year period and continued employment. RSUs will vest in three equal annual installments.

Comstock Inc. announced that its Chief Financial Officer, Judd B. Merrill, will present at the Planet MicroCap Las Vegas 2026 conference. The presentation is scheduled for Wednesday, June 17, 2026, from 8:30-9:00 AM PST, at the Bellagio Resort & Hotel. A live webcast will be available, and investors can also schedule one-on-one meetings with the company at the event.

Comstock Inc. announced a change in its independent registered public accounting firm. Assure CPA, LLC ceased operations and resigned as the company's auditor on June 3, 2026, following the acquisition of its assets by Sadler, Gibb & Associates, LLC. Comstock's Board of Directors, upon recommendation from the Audit and Finance Committee, appointed Sadler Gibb as the new auditor on June 5, 2026. The company noted that the audit reports from Assure CPA for the past two fiscal years contained no adverse opinions or qualifications, and there were no disagreements or reportable events.

Comstock Inc. held its Annual General Meeting on May 28, 2026, where stockholders voted on four proposals. All eight director nominees were elected, and Assure CPA, LLC was ratified as the independent auditor for fiscal year 2026. Stockholders also approved a non-binding advisory resolution on executive compensation and the Comstock Inc. 2026 Equity Incentive Plan. The company also provided business updates, including an outlook for its Metals segment.

Comstock Inc. announced its first quarter 2026 results and corporate updates, highlighting a successful oversubscribed equity financing of $57.5 million. The company is actively transforming into a global industrial materials enterprise, with significant progress in its Comstock Metals solar panel recycling segment, expecting operations by the end of Q2 2026. Strategic objectives for 2026 include monetizing legacy mining assets and non-core real estate, and supporting Bioleum development.

Comstock Inc. reported a net loss of $(9.38) million for Q1 2026, a slight increase from $(9.09) million in Q1 2025, while revenue decreased to $313,456. Despite the loss, cash and cash equivalents significantly increased to $52.97 million at March 31, 2026, primarily due to $60.98 million from common stock issuance. The company also recognized a $1.40 million gain from the sale of royalty rights and classified $22.73 million in mining assets as held for sale, indicating a strategic shift.