Comstock Inc. Signs Material Definitive Agreement
Ticker: LODE · Form: 8-K · Filed: Nov 19, 2024 · CIK: 1120970
| Field | Detail |
|---|---|
| Company | Comstock Inc. (LODE) |
| Form Type | 8-K |
| Filed Date | Nov 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.000666 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
Comstock Inc. signed a big deal, details TBD.
AI Summary
On November 17, 2024, Comstock Inc. entered into a material definitive agreement. The filing does not provide specific details about the agreement, its counterparty, or any associated financial figures. Further information is expected to be disclosed in subsequent filings.
Why It Matters
This filing indicates a significant new development for Comstock Inc., potentially impacting its business operations and financial future, though details are currently undisclosed.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty and potential risk.
Key Players & Entities
- Comstock Inc. (company) — Registrant
- November 17, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement Comstock Inc. entered into?
The filing does not specify the nature of the material definitive agreement.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the identity of the counterparty to the agreement.
Are there any financial terms or obligations associated with this agreement?
The filing does not provide any details regarding financial terms or obligations.
When was the agreement officially entered into?
The earliest event reported in relation to this agreement was on November 17, 2024.
Will more information about this agreement be provided in future filings?
While not explicitly stated, the nature of an 8-K filing for a material definitive agreement typically implies that further details will be disclosed in subsequent filings.
Filing Stats: 524 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-11-19 06:15:09
Key Financial Figures
- $0.000666 — ch registered Common Stock , par value $0.000666 per share LODE NYSE AMERICAN Indica
Filing Documents
- lode20241118_8k.htm (8-K) — 23KB
- ex_749499.htm (EX-10.1) — 8KB
- ex_749646.htm (EX-99.1) — 18KB
- comstock.jpg (GRAPHIC) — 7KB
- 0001437749-24-035682.txt ( ) — 198KB
- lode-20241117.xsd (EX-101.SCH) — 3KB
- lode-20241117_def.xml (EX-101.DEF) — 11KB
- lode-20241117_lab.xml (EX-101.LAB) — 15KB
- lode-20241117_pre.xml (EX-101.PRE) — 11KB
- lode20241118_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed, Comstock Fuels Corporation ("Comstock Fuels"), a wholly owned subsidiary of Comstock Inc. (the "Company"), entered into an Exclusive License Agreement dated October 11, 2023 (the "License Agreement"), with RenFuel K2B AB ("RenFuel"). On November 17, 2024, Comstock Fuels and RenFuel executed an amendment to the Exclusive License Agreement to expand the territory from North, Central, and South America to include Australia, New Zealand, and Vietnam. The foregoing description of the amendment to the License Agreement is qualified in its entirety by reference to the full text of the amendment to the License Agreement, a copy of which is filed as Exhibit 10.1, to this Current Report on Form 8-K and incorporated herein by reference. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Amendment to License Agreement 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: November 19, 2024 By: /s/ Corrado De Gasperis Corrado De Gasperis Executive Chairman and Chief Executive Officer