Comstock Inc. Signs Material Definitive Agreement
Ticker: LODE · Form: 8-K · Filed: Jan 31, 2025 · CIK: 1120970
| Field | Detail |
|---|---|
| Company | Comstock Inc. (LODE) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.000666, $2,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-actions
TL;DR
Comstock Inc. just signed a big deal, details to come.
AI Summary
Comstock Inc. entered into a material definitive agreement on January 30, 2025. The filing does not disclose the specific terms or parties involved in this agreement, but it is classified under 'Entry into a Material Definitive Agreement' and 'Financial Statements and Exhibits'. 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 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 lack of specific details about the material definitive agreement introduces uncertainty regarding its potential impact on the company.
Key Numbers
- 001-35200 — SEC File Number (Comstock Inc.'s SEC filing identifier)
- 65-0955118 — IRS Employer Identification Number (Comstock Inc.'s tax 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
- January 30, 2025 (date) — Date of earliest event reported
- Nevada (location) — State of Incorporation
- 117 American Flat Road (address) — Principal Executive Offices
- Virginia City (location) — City of Principal Executive Offices
- 89440 (zip_code) — Zip Code of Principal Executive Offices
FAQ
What is the nature of the material definitive agreement entered into by Comstock Inc. on January 30, 2025?
The filing does not specify the details of the material definitive agreement, only that it was entered into on January 30, 2025.
What is Comstock Inc.'s primary business sector?
Comstock Inc.'s Standard Industrial Classification is INDUSTRIAL ORGANIC CHEMICALS [2860].
When was Comstock Inc. previously known as Comstock Mining Inc.?
The date of the name change from Comstock Mining Inc. to Comstock Inc. is not explicitly stated, but the filing lists it as a former company name.
Where are Comstock Inc.'s principal executive offices located?
Comstock Inc.'s principal executive offices are located at 117 American Flat Road, Virginia City, Nevada 89440.
What is the filing date for this 8-K report?
This 8-K report was filed as of January 31, 2025.
Filing Stats: 805 words · 3 min read · ~3 pages · Grade level 14.2 · Accepted 2025-01-30 19:36:24
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 correspo
Filing Documents
- lode20250130_8k.htm (8-K) — 25KB
- ex_772659.htm (EX-10.1) — 315KB
- ex_772978.htm (EX-99.1) — 24KB
- a01.jpg (GRAPHIC) — 3KB
- 0001437749-25-002314.txt ( ) — 569KB
- lode-20250130.xsd (EX-101.SCH) — 3KB
- lode-20250130_def.xml (EX-101.DEF) — 11KB
- lode-20250130_lab.xml (EX-101.LAB) — 15KB
- lode-20250130_pre.xml (EX-101.PRE) — 11KB
- lode20250130_8k_htm.xml (XML) — 3KB
01 Entry into a material definitive agreement
Item 1.01 Entry into a material definitive agreement. On January 30, 2025, Comstock Fuels Corporation ("Comstock Fuels"), a subsidiary of Comstock Inc. (the "Company"), executed a master license agreement ("Master License Agreement") with SACL Pte. Ltd. ("SACL"), a Singapore-based project development and management company that intends to develop renewable energy projects in Australia, New Zealand, Vietnam, Cambodia, and Malaysia (the "Territory"). Under the terms of the Master License Agreement, Comstock Fuels granted SACL (1) a master non-exclusive license to Comstock Fuels' intellectual property ("Licensed IP") for the sole purpose of developing, financing, building, and managing of renewable fuels production facilities based on the Licensed IP in the Territory (each, a "Licensed Facility"), and (2) limited exclusive rights to market projects based on the Licensed IP in the Territory, subject to SACL's satisfaction of commercialization milestones relating to development of its current and future projects; including, without limitation, completion of engineering and financing for SACL's first Licensed Facility in 2025, followed by commissioning and commencement of production in 2027. The Master License Agreement also calls for SACL to cause the owner of each Licensed Facility ("Producer") to execute a separate non-exclusive, site-specific license agreement (each, a "Site License Agreement") with Comstock Fuels for the development, financing, construction, and management of the corresponding Licensed Facility, and the direct use of the Licensed IP to produce and sell renewable fuels and related products, subject to satisfaction of commercialization milestones relating to development of each corresponding Licensed Facility. In exchange, under the Site License Agreements, each Producer will (1) issue 20% of its fully diluted equity to Comstock Fuels on a post-money basis after completion of construction financing for the corresponding Licensed Facility or scope e
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. d) Exhibits. 10.1 Master 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: January 31, 2025 By: /s/ Corrado De Gasperis Corrado De Gasperis Executive Chairman and Chief Executive Officer