Comstock Amends Agreement With Mackay Precious Metals Inc.
Comstock Mining, Inc. (LODE)
NASDAQ:AMEX Investor Relations:
comstockmining.com/investors/investor-relations
Company Research
Source: GlobeNewswire
VIRGINIA CITY, Nev., June 09, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced it has amended the Membership Interest Purchase Agreement (the “MIPA”) to sell 100% of the northernmost patented and unpatented mining claims, mineral exploration rights and town lots (the “Northern Targets”) owned by Comstock’s wholly-owned subsidiary Comstock Northern Exploration, LLC, plus all of the 25% issued and outstanding membership interest that Comstock owns in Pelen LLC (“Pelen”) to Mackay Precious Metals Inc. (“Mackay”) for an increased aggregate purchase price of $2.95 million (the “Purchase Price”) and a 1.5% NSR production royalty from the sales of all valuable minerals and products extracted from these properties. The Amendment increases the purchase price to $2.95 million in cash from the previous $2.75 million in both cash and stock, effectively increasing the cash component of the transaction by $1.2 million. The Company has previously
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