Comstock Inc. (LODE) has announced the successful execution of a $325 million term sheet for critical investment and real estate asset sales. The funding, facilitated through SBC Commerce LLC, will spur development in Comstock’s core sectors—fuels, metals, and mining.

Focus on Subsidiary Investments

The transaction highlights include $272 million in direct investments across Comstock’s subsidiaries. Comstock Fuels Corporation will receive $200 million to advance its lignocellulosic fuels technology. This investment is pivotal for commercializing biomass-based low-carbon fuel.

Comstock Metals Corporation is set to gain a $22 million boost to expedite the deployment of solar panel recycling facilities in Nevada. This endeavor aligns with Comstock’s commitment to sustainable practices and enhances its recycling capabilities.

The mining segment stands to benefit from a $50 million investment aimed at the Dayton resource and mine development. These resources are expected to yield gold and silver within the coming years, contributing significantly to Comstock’s growth.

Real Estate Asset Sales

In a bid to streamline operations, Comstock Inc. will sell its Nevada-based real estate and water rights for $50 million. These proceeds will be redirected towards debt reduction and furthering Comstock’s clean energy technology initiatives.

Comstock Inc.‘s leadership team, under CEO Corrado De Gasperis, emphasizes the strategic importance of these investments in fostering long-term growth and shareholder value. The collaboration with SBC Commerce marks a significant milestone in enabling Comstock’s ambitions for systemic decarbonization.

Join the company’s Q2 2024 Earnings Release conference call to gain more insights on August 8, 2024, at 4:30 pm ET.

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