Comstock Inc. Files 8-K
Ticker: LODE · Form: 8-K · Filed: Sep 18, 2024 · CIK: 1120970
| Field | Detail |
|---|---|
| Company | Comstock Inc. (LODE) |
| Form Type | 8-K |
| Filed Date | Sep 18, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.000666, $2,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, corporate-filing, financials
TL;DR
Comstock Inc. filed an 8-K on 9/18/24. Standard update.
AI Summary
Comstock Inc. filed an 8-K on September 18, 2024, to report other events and financial statements. The company, formerly known as Comstock Mining Inc., is incorporated in Nevada and operates in the industrial organic chemicals sector.
Why It Matters
This filing provides an update on Comstock Inc.'s corporate activities and financial reporting, which is important for investors to stay informed about the company's status.
Risk Assessment
Risk Level: low — This is a routine filing of an 8-K, which typically reports significant events or financial updates, but the content itself does not indicate immediate high risk.
Key Numbers
- 001-35200 — SEC File Number (Comstock Inc.'s SEC filing identifier)
- 65-0955118 — IRS Number (Comstock Inc.'s Employer Identification Number)
Key Players & Entities
- Comstock Inc. (company) — Registrant
- Comstock Mining Inc. (company) — Former company name
- Goldspring Inc (company) — Former company name
- Goldspring (company) — Former company name
- Nevada (jurisdiction) — State of incorporation
- September 18, 2024 (date) — Date of report
FAQ
What is the primary purpose of this 8-K filing for Comstock Inc.?
The filing is to report 'Other Events' and 'Financial Statements and Exhibits' as of September 18, 2024.
When was Comstock Inc. previously known by another name?
Comstock Inc. was formerly known as Comstock Mining Inc. (name change on July 20, 2010), Goldspring Inc (name change on August 21, 2003), and Goldspring (name change on July 30, 2004).
In which state is Comstock Inc. incorporated?
Comstock Inc. is incorporated in Nevada.
What is Comstock Inc.'s Standard Industrial Classification code?
Comstock Inc.'s SIC code is 2860, which corresponds to Industrial Organic Chemicals.
What is the principal executive office address for Comstock Inc.?
The principal executive offices are located at 117 American Flat Road, Virginia City, Nevada 89440.
Filing Stats: 754 words · 3 min read · ~3 pages · Grade level 13.9 · Accepted 2024-09-18 11:16:50
Key Financial Figures
- $0.000666 — ch registered Common Stock , par value $0.000666 per share LODE NYSE AMERICAN Indica
- $2,500,000 — including an initial upfront payment of $2,500,000 payable upon execution of each applicab
Filing Documents
- lode20240918_8k.htm (8-K) — 27KB
- ex_725222.htm (EX-99.1) — 21KB
- comstock01.jpg (GRAPHIC) — 3KB
- 0001437749-24-029434.txt ( ) — 190KB
- lode-20240918.xsd (EX-101.SCH) — 3KB
- lode-20240918_def.xml (EX-101.DEF) — 11KB
- lode-20240918_lab.xml (EX-101.LAB) — 15KB
- lode-20240918_pre.xml (EX-101.PRE) — 11KB
- lode20240918_8k_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On September 18, 2024, Comstock Fuels Corporation ("Comstock Fuels"), a wholly owned subsidiary of Comstock Inc. (the "Company"), executed a term sheet with SACL Pte. Ltd. ("SACL"), a Singapore-based project development and management company that intends to develop renewable energy projects in Australia and New Zealand (the "Territory"). The term sheet is non-binding, but binding in respect of the essential economic terms until such time as definitive agreements are executed amongst the parties. Comstock Fuels will grant SACL an exclusive marketing agreement for Comstock Fuels' advanced lignocellulosic biomass refining processes in Australia and New Zealand, and a master non-exclusive license to certain intellectual property for the sole purpose of developing, financing, constructing, and the ongoing management of renewable fuels production facilities (each, a "Licensed Facility") in the Territory. Comstock Fuels and the owner of each Licensed Facility ("Producer") will execute a separate non-exclusive, site-specific license agreement ("Site License Agreement") for the development, financing, construction, and management of the corresponding Licensed Facility, and the direct use of the certain intellectual property of Comstock Fuels to produce and sell renewable fuels and related products. Comstock Fuels will contribute the site-specific license to develop, finance, build, and manage the corresponding Licensed Facility in exchange for 20% of Producer's fully diluted equity on a post-money basis after completion of construction financing for the corresponding Licensed Facility or scope expansion. Comstock Fuels will provide each Producer with engineering support services in exchange for 3% of each applicable Producer's total capital and construction costs, increasing to 6% at and above a capacity of 250,000 MTPY, including an initial upfront payment of $2,500,000 payable upon execution of each applicable Site License Agreement. Each app
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release 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: September 18, 2024 By: /s/ Corrado De Gasperis Corrado De Gasperis Executive Chairman and Chief Executive Officer