Comstock Inc. Reports Entry into Material Agreement

TL;DR

**Comstock Inc. just reported a new material agreement, but details are still under wraps.**

AI Summary

Comstock Inc. filed an 8-K on February 14, 2024, reporting an "Entry into a Material Definitive Agreement" and "Financial Statements and Exhibits" as of February 12, 2024. The filing, under SEC File Number 001-35200, did not disclose specific details or financial terms of the agreement, leaving its nature and impact unknown.

Why It Matters

The entry into a material definitive agreement signifies a significant corporate action that could impact Comstock Inc.'s operations, financial position, or strategic direction, even though specific details are not yet public.

Risk Assessment

Risk Level: medium — The filing indicates a significant agreement without providing details, creating uncertainty about its potential impact on the company's future.

Key Players & Entities

• Comstock Inc. (company) — registrant
• Comstock Mining Inc. (company) — former name
• GOLDSPRING INC (company) — former name
• GOLDSPRING (company) — former name

FAQ

Key Financial Figures

• $0.000666 — ich registered Common Stock, par value $0.000666 per share LODE NYSE American Indicate
• $3,000,000 — ercial biorefinery and make a strategic $3,000,000 investment in RenFuel. The new transact

Filing Documents

• lode-20240212.htm (8-K) — 30KB
• renfuelconvertiblenoteterm.htm (EX-10.1) — 14KB
• 0001120970-24-000009.txt ( ) — 169KB
• lode-20240212.xsd (EX-101.SCH) — 2KB
• lode-20240212_lab.xml (EX-101.LAB) — 23KB
• lode-20240212_pre.xml (EX-101.PRE) — 12KB
• lode-20240212_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On December 22, 2023, Comstock Fuels Corporation ("Comstock Fuels"), a wholly owned subsidiary of Comstock Inc. (the "Company"), entered into a term sheet (the "Term Sheet") with RenFuel K2B AB ("RenFuel") to advance the Company's first commercial biorefinery and make a strategic $3,000,000 investment in RenFuel. The new transactions covered by the Term Sheet are in addition to the Exclusive License Agreement executed by RenFuel and Comstock Fuels on October 11, 2023, pursuant to which RenFuel granted Comstock Fuels an exclusive license to use RenFuel's patented catalytic esterification and related technologies in North America, Central America, and South America. On February 12, 2024, Comstock Fuels and RenFuel entered into an amendment to the Term Sheet (the "Term Sheet Amendment"), whereby the parties agreed to (1) extend the deadline to finalize the transaction documents to March 15, 2024, and (2) extend the deadline to close the transactions to March 31, 2024. The foregoing description of the Term Sheet Amendment is qualified in its entirety by reference to the full text of the Term Sheet Amendment, a copy of which is filed as Exhibit 10.1, to this Current Report on Form 8-K and incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Term Sheet Amendment 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. COMSTOCK INC. Date: February 14, 2024 By: /s/ Corrado De Gasperis Corrado De Gasperis Executive Chairman and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR