Comstock Inc. Files 8-K for Material Definitive Agreement
Ticker: LODE · Form: 8-K · Filed: Feb 13, 2025 · CIK: 1120970
| Field | Detail |
|---|---|
| Company | Comstock Inc. (LODE) |
| Form Type | 8-K |
| Filed Date | Feb 13, 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-filing, sec-filing
Related Tickers: LODE
TL;DR
Comstock Inc. (LODE) signed a big deal, filing an 8-K on Feb 12, 2025.
AI Summary
Comstock Inc. announced on February 12, 2025, that it entered into a material definitive agreement. The company, formerly known as Comstock Mining Inc., is incorporated in Nevada and operates in the Industrial Organic Chemicals sector. This filing is a current report under the Securities Exchange Act of 1934.
Why It Matters
This filing indicates a significant business development for Comstock Inc., potentially impacting its operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or alter existing ones, depending on the nature of the agreement.
Key Numbers
- 001-35200 — SEC File Number (Identifies the company's filing history 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
- February 12, 2025 (date) — Date of earliest event reported
- Nevada (location) — State of Incorporation
- Virginia City, Nevada (location) — Principal Executive Offices
FAQ
What is the nature of the material definitive agreement entered into by Comstock Inc.?
The filing does not specify the details of the material definitive agreement, only that one was entered into on or before February 12, 2025.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on February 12, 2025.
What is Comstock Inc.'s former company name?
Comstock Inc.'s former company name was Comstock Mining Inc.
In which state is Comstock Inc. incorporated?
Comstock Inc. is incorporated in Nevada.
What is the primary business sector for Comstock Inc. according to the filing?
Comstock Inc. is listed under the Standard Industrial Classification for INDUSTRIAL ORGANIC CHEMICALS [2860].
Filing Stats: 798 words · 3 min read · ~3 pages · Grade level 14.6 · Accepted 2025-02-13 06:45:26
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
- lode20250211_8k.htm (8-K) — 25KB
- ex_777432.htm (EX-10.1) — 315KB
- ex_777433.htm (EX-99.1) — 22KB
- photo1.jpg (GRAPHIC) — 5KB
- 0001437749-25-003661.txt ( ) — 569KB
- lode-20250212.xsd (EX-101.SCH) — 3KB
- lode-20250212_def.xml (EX-101.DEF) — 11KB
- lode-20250212_lab.xml (EX-101.LAB) — 15KB
- lode-20250212_pre.xml (EX-101.PRE) — 11KB
- lode20250211_8k_htm.xml (XML) — 3KB
01 Entry into a material definitive agreement
Item 1.01 Entry into a material definitive agreement. On February 12, 2025, Comstock Fuels Corporation ("Comstock Fuels"), a subsidiary of Comstock Inc. (the "Company"), executed a master license agreement ("Master License Agreement") with Gresham's Eastern (Pvt) Ltd ("Gresham"), an engineering and construction company that intends to develop renewable energy projects in Pakistan (the "Territory"). Under the terms of the Master License Agreement, Comstock Fuels granted Gresham (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 Gresham's satisfaction of commercialization milestones relating to development of its current and future projects; including, without limitation, completion of engineering and financing for Gresham's first Licensed Facility in 2025, followed by commissioning and commencement of production in 2027. The Master License Agreement also calls for Gresham's 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 expansion, and (2) pay Comstock Fuels a
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: February 13, 2025 By: /s/ Corrado De Gasperis Corrado De Gasperis Executive Chairman and Chief Executive Officer