Comstock Inc. Files 8-K with Financials

TL;DR

Comstock Inc. filed an 8-K on Feb 7, 2025, mostly about financials. No major news.

AI Summary

Comstock Inc. filed an 8-K on February 7, 2025, reporting on events from February 6, 2025. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text. The company, formerly known as Comstock Mining Inc., is incorporated in Nevada and operates in the industrial organic chemicals sector.

Why It Matters

This 8-K filing indicates Comstock Inc. is providing updated financial information or exhibits to the SEC, which is standard for public companies but may contain details relevant to investors.

Risk Assessment

Risk Level: low — The filing is a routine 8-K for financial statements and exhibits, not indicating any immediate significant operational or financial changes.

Key Players & Entities

• Comstock Inc. (company) — Registrant
• Comstock Mining Inc. (company) — Former company name
• Nevada (location) — State of incorporation
• February 6, 2025 (date) — Date of earliest event reported
• February 7, 2025 (date) — Filing date

FAQ

Key Financial Figures

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

Filing Documents

• lode20250206_8k.htm (8-K) — 23KB
• 0001437749-25-003068.txt ( ) — 152KB
• lode-20250206.xsd (EX-101.SCH) — 3KB
• lode-20250206_def.xml (EX-101.DEF) — 11KB
• lode-20250206_lab.xml (EX-101.LAB) — 15KB
• lode-20250206_pre.xml (EX-101.PRE) — 11KB
• lode20250206_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events On February 6, 2025, Comstock Fuels Corporation ("Comstock Fuels"), a subsidiary of Comstock Inc. (the "Company"), executed a non-binding term sheet ("Term Sheet") with a subsidiary of Marathon Petroleum Corporation ("Marathon"), under which Comstock Fuels and Marathon agreed to negotiate a series of additional agreements, including (1) a simple agreement for future equity under which Marathon will contribute a combination of assets and cash to Comstock Fuels for conversion into equity on the same terms as Comstock Fuels' planned Series A financing; (2) an offtake agreement under which Marathon will purchase advanced biomass-based intermediates and fuels from Comstock Fuels' planned commercial demonstration facility; and (3) a joint development agreement under which Marathon will provide support services to Comstock Fuels in exchange for a warrant which creates the option for Marathon to purchase additional equity in Comstock Fuels (collectively, the "Project Agreements"). The Term Sheet is binding as to its essential business and economic terms until the earlier of (i) such time as Comstock Fuels and Marathon have executed the Project Agreements, after which those executed Project Agreements shall in all respects govern the terms and conditions of the parties' agreements, or (ii) termination of the Term Sheet if execution of definitive final Project Agreements does not occur on or before June 30, 2025, unless extended by the parties. For avoidance of doubt, according to the Term Sheet, while the parties shall use commercially reasonable efforts to negotiate the Project Agreements in a timely manner, neither party is obligated to execute any Project Agreement if definitive final terms cannot be finalized.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. d) Exhibits . 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: February 7, 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