Comstock Inc. Files 8-K for Material Definitive Agreement

TL;DR

Comstock Inc. signed a big deal on Oct 1st, filing an 8-K.

AI Summary

Comstock Inc. entered into a material definitive agreement on October 1, 2024. The company, formerly known as Comstock Mining Inc., is incorporated in Nevada and operates in the industrial organic chemicals sector. This filing is a current report under the Securities Exchange Act of 1934.

Why It Matters

This filing indicates a significant new contract or partnership for Comstock Inc., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The filing itself is routine, but the 'material definitive agreement' could represent significant new risks or opportunities for the company.

Key Numbers

• 001-35200 — Commission File Number (Identifies the company's SEC filings)
• 65-0955118 — I.R.S. Employer Identification Number (Company's tax identification number)

Key Players & Entities

• Comstock Inc. (company) — Registrant
• Comstock Mining Inc. (company) — Former company name
• October 1, 2024 (date) — Date of earliest event reported
• Nevada (location) — State of Incorporation
• 117 American Flat Road (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.000666 — ch registered Common Stock , par value $0.000666 per share LODE NYSE AMERICAN Indica

Filing Documents

• lode20241001_8k.htm (8-K) — 28KB
• ex_728952.htm (EX-10.1) — 273KB
• ex_729047.htm (EX-99.1) — 26KB
• logo.jpg (GRAPHIC) — 3KB
• 0001437749-24-030393.txt ( ) — 508KB
• lode-20241001.xsd (EX-101.SCH) — 3KB
• lode-20241001_def.xml (EX-101.DEF) — 11KB
• lode-20241001_lab.xml (EX-101.LAB) — 15KB
• lode-20241001_pre.xml (EX-101.PRE) — 11KB
• lode20241001_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 1, 2024, Comstock IP Holdings LLC, a subsidiary of Comstock Inc. (the "Company"), executed an Exclusive License Agreement ("ELA") and a Cooperative Research and Development Agreement ("CRADA") with Alliance for Sustainable Energy LLC ("Alliance"), the managing and operating contractor of the U.S. Department of Energy's ("DOE") National Renewable Energy Laboratory ("NREL"), involving technologies developed by NREL and the Massachusetts Institute of Technology ("MIT") for conversion of lignocellulosic biomass into aromatic sustainable aviation fuel ("SAF"). NREL and MIT are separately party to an Inter-Institutional Agreement that appointed NREL the exclusive right to license NREL's and MIT's joint intellectual properties. Comstock IP Holdings previously granted Comstock Fuels Corporation the master exclusive rights for commercialization of its existing and new renewable fuels technologies. The ELA provides Comstock IP Holdings with the exclusive worldwide right to use the NREL technologies in the processing and conversion of seed plants to renewable fuels and renewable fuel feedstocks, including native, hybrid, and transgenic phenotypes, and derivatives thereof, excluding switchgrass, big bluestem, miscanthus, and the leaves, stalks, and husks produced during the harvesting of corn, subject to limited geographic restrictions, in exchange for royalty and other fees linked to sales of licensed products and sublicensing. The terms of the CRADA involve a three-year scope of work to jointly develop an integrated process based on Comstock's existing process and the NREL technologies for the solvocatalytic refining of woody biomass into aromatic SAF and other renewable fuels. Comstock will fund the research and contribute staff, equipment, and use of its pilot facility in Wisconsin. The joint work will be supported by NREL, MIT, and Washington State University. The foregoing description of the License Ag

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 License Agreement (portions of the exhibit have been omitted) 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: October 2, 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