Comstock Inc. Files 8-K Report

TL;DR

Comstock Inc. (formerly Comstock Mining) filed an 8-K on Jan 14, 2025, covering other events and financials.

AI Summary

On January 14, 2025, Comstock Inc. filed an 8-K report detailing other events and financial statements. 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 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 report, which typically contains standard corporate disclosures and does not indicate any immediate or significant risks.

Key Numbers

• 001-35200 — Commission File Number (Identifies the company's SEC filing history)
• 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
• January 14, 2025 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of incorporation
• Virginia City, NV (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.000666 — ch registered Common Stock , par value $0.000666 per share LODE NYSE AMERICAN Indica
• $500,000 — ment for future equity in the amount of $500,000 ("SAFE Investment"), paid in a series o

Filing Documents

• lode20250120_8k.htm (8-K) — 23KB
• ex_767691.htm (EX-99.1) — 24KB
• logo.jpg (GRAPHIC) — 3KB
• 0001437749-25-001450.txt ( ) — 189KB
• lode-20250114.xsd (EX-101.SCH) — 3KB
• lode-20250114_def.xml (EX-101.DEF) — 11KB
• lode-20250114_lab.xml (EX-101.LAB) — 15KB
• lode-20250114_pre.xml (EX-101.PRE) — 11KB
• lode20250120_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events On January 14, 2025, Comstock Fuels Corporation ("Comstock Fuels"), a subsidiary of Comstock Inc. (the "Company"), executed an agreement with Hexas Biomass Inc. ("Hexas"), under which Hexas agreed to grant Comstock Fuels an exclusive worldwide license to Hexas' intellectual properties in liquid fuels applications, subject to certain pre-existing agreements and relationships, and to provide certain development services in connection with Comstock Fuels' site development and innovation activities. Under the terms of the agreement, Comstock Fuels also agreed to execute a simple agreement for future equity in the amount of $500,000 ("SAFE Investment"), paid in a series of four tranches on January 15, 2025, January 31, 2025, February 28, 2025, and March 31, 2025. Hexas has developed a suite of proprietary intellectual properties for the propagation, production, harvesting, and processing of purpose grown energy crops with proven yields exceeding 25 to 30 dry metric tons per acre per year, or about 4 to 7 times the yields of traditional forestry species. Hexas crops are specifically designed to thrive in diverse environments, including marginal or underutilized lands, that complement and enhance the current agricultural ecosystem without disrupting or competing with food production. Hexas' high yield energy crops produce enough feedstock to produce upwards of 100 barrels of fuel per acre per year with Comstock Fuels' existing high yield biomass refining solutions. The agreement with Hexas therefore provides Comstock Fuels with its own source of the feedstock needed for the financing and operation of its planned biorefineries. The agreement terminates if the execution and delivery of mutually acceptable, definitive documents does not occur on or before February 15, 2025, unless extended by the parties.

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: January 21, 2025 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