Comstock Inc. Closes Sale of Mining Assets to Mackay Precious Metals

What Happened
Comstock Inc. (LODE) announced on August 24, 2026 that it has closed the previously announced transaction under which Mackay Precious Metals Inc., a wholly owned subsidiary of Mackay Gold & Silver Corp. (TSXV: MACK, OTCQB: MKGSF), acquired 100% of Comstock’s mineral, mining, processing and mining-district-related real estate entities. The company filed an 8-K reporting the closing and attached a press release (Exhibit 99.1).

Key Details

• Closing date: August 24, 2026.
• Buyer: Mackay Precious Metals Inc., wholly owned by Mackay Gold & Silver Corp. (TSXV: MACK; OTCQB: MKGSF).
• Assets sold: 100% of Comstock’s mineral, mining, processing and mining‑district-related real estate entities.
• The Form 8‑K attaches a press release; the 8‑K does not disclose purchase price or detailed financial terms.

Why It Matters
This transaction transfers ownership of Comstock’s core mining and related real estate assets to Mackay, which is a material change to the company’s asset base and operations. Investors should review the attached press release and watch for subsequent SEC filings (e.g., 10-Q/10-K disclosures) for details on financial proceeds, use of sale proceeds, any remaining business activities, and how the company plans to deploy or report its capital going forward.