Comstock Inc. Files 8-K: Other Events & Exhibits
Ticker: LODE · Form: 8-K · Filed: Nov 20, 2024 · CIK: 1120970
| Field | Detail |
|---|---|
| Company | Comstock Inc. (LODE) |
| Form Type | 8-K |
| Filed Date | Nov 20, 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, filing, corporate-update
TL;DR
Comstock Inc. dropped an 8-K on Nov 18th covering other events and financials. Check it out.
AI Summary
Comstock Inc. filed an 8-K on November 20, 2024, reporting on events that occurred on November 18, 2024. The filing is categorized under 'Other Events' and 'Financial Statements and Exhibits'. The company, formerly known as Comstock Mining Inc., is incorporated in Nevada and has its principal executive offices in Virginia City, NV.
Why It Matters
This 8-K filing signals that Comstock Inc. is providing updates or disclosures on significant events and financial information to the public and the SEC.
Risk Assessment
Risk Level: low — This filing is a standard 8-K report and does not inherently indicate significant new risks.
Key Numbers
- 001-35200 — SEC File Number (Identifies the company's filing with the SEC.)
- 65-0955118 — IRS Employer Identification Number (Company's tax identification number.)
Key Players & Entities
- Comstock Inc. (company) — Registrant
- Comstock Mining Inc. (company) — Former company name
- Nevada (location) — State of incorporation
- Virginia City, NV (location) — Principal executive offices
- November 18, 2024 (date) — Earliest event reported
- November 20, 2024 (date) — Filing date
FAQ
What specific 'Other Events' are detailed in this 8-K filing?
The provided text does not specify the 'Other Events', only that the filing pertains to this category.
What 'Financial Statements and Exhibits' are included with this filing?
The provided text indicates that 'Financial Statements and Exhibits' are part of the filing, but does not list their specific contents.
When was Comstock Inc. previously known as Comstock Mining Inc.?
The filing indicates a former company name of Comstock Mining Inc., but does not provide a date for this name change.
What is the primary business of Comstock Inc.?
The filing lists the Standard Industrial Classification as 'INDUSTRIAL ORGANIC CHEMICALS [2860]', suggesting a focus in this sector.
What is the physical address of Comstock Inc.'s principal executive offices?
The principal executive offices are located at 117 American Flat Road, Virginia City, Nevada 89440.
Filing Stats: 799 words · 3 min read · ~3 pages · Grade level 14.3 · Accepted 2024-11-20 16:15:45
Key Financial Figures
- $0.000666 — ch registered Common Stock , par value $0.000666 per share LODE NYSE AMERICAN Indica
- $2,500,000 — TPY, with an initial upfront payment of $2,500,000 payable upon execution of each applicab
Filing Documents
- lode20241119_8k.htm (8-K) — 25KB
- ex_750285.htm (EX-99.1) — 24KB
- logo.jpg (GRAPHIC) — 3KB
- 0001437749-24-035863.txt ( ) — 191KB
- lode-20241118.xsd (EX-101.SCH) — 3KB
- lode-20241118_def.xml (EX-101.DEF) — 11KB
- lode-20241118_lab.xml (EX-101.LAB) — 15KB
- lode-20241118_pre.xml (EX-101.PRE) — 11KB
- lode20241119_8k_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On September 18, 2024, Comstock Fuels Corporation ("Comstock Fuels"), a 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. On November 18, 2024, Comstock Fuels and SACL executed an amendment to the term sheet to increase SACL's territory to facilitate the financing, construction, and operation of SACL's first planned site in Vietnam. Under the terms of the amended term sheet, Comstock Fuels will grant SACL an exclusive marketing agreement for Comstock Fuels' advanced lignocellulosic biomass refining processes in Australia, New Zealand, and Vietnam, and a master non-exclusive license to certain intellectual property for the sole purpose of developing, financing, construction, and management of renewable fuels production facilities (each, a "Licensed Facility") in the Territory. The amended term sheet calls for execution and closing of the associated definitive agreements on or before December 15, 2024. 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
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: November 20, 2024 By: /s/ Corrado De Gasperis Corrado De Gasperis Executive Chairman and Chief Executive Officer