Comstock updates on business commercialization, investments and real estate sales

Virginia city, nev., sept. 19, 2024 (globe newswire) -- comstock inc. (nyse american: lode) (“comstock”) a leader in hard technology developments enabling clean energy, recently announced new revenue contracts for its solar panel recycling business, an international equity partnership with revenue and royalty generating agreements for its low carbon, lignocellulosic fuels business, certain asset sales and an indicative term sheet for $325 million in gross funding through sbc commerce llc (“sbcc”), a u.s. based, globally positioned, private equity group. today, the company announced an additional convertible debt financing of $3.5 million, with an option for an additional $1.5 million, to provide the liquidity and capacity to continue the fast pace of commercial transaction execution in the fuels and metals segments. the remainder of the comstock's convertible debt has been either converted, redeemed or extinguished.
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