Comstock Inc. 8-K

What Happened

• Comstock Inc. announced on January 21, 2026 that it entered into a Royalty Purchase and Sale Agreement with Mackay Precious Metals Inc. Under the agreement, Comstock sold 100% of its rights to a 1.5% net smelter returns royalty (the Royalty) and the related Net Smelter Returns Royalty Agreement (dated December 18, 2024) covering certain patented and unpatented mining claims and leased properties in Storey County, Nevada. The aggregate purchase price was $1,100,000 in cash.

Key Details

• Buyer: Mackay Precious Metals Inc. (Delaware corporation).
• Royalty: 1.5% net smelter returns (100% of Comstock’s interest).
• Purchase price: $1,100,000 cash (non‑refundable deposit $100,000 paid on the effective date; $1,000,000 paid on January 20, 2026).
• Assets covered: patented and unpatented mining claims and leased properties in Storey County, Nevada; related NSR Royalty Agreement dated December 18, 2024.

Why It Matters

• This transaction converts a future royalty revenue stream into immediate cash of $1.1M, improving near-term liquidity for Comstock.
• Selling the royalty removes future potential royalty income tied to those Nevada properties, which could affect long‑term revenue from royalties.
• The filing is reported as an “Other Event” (Item 8.01) and includes a press release exhibit; there is no earnings or executive change disclosed in this 8-K.