Comstock sells northern mining targets to mackay precious metals inc.

Virginia city, nev., dec. 20, 2024 (globe newswire) -- comstock inc. (nyse: lode) (“comstock” and the “company”) today announced it has executed a 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”) currently 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 aggregate purchase price of $2.75 million (the “purchase price”) and a 1.5% nsr production royalty from the sales of silver, gold, and all other valuable minerals and products extracted from these properties, in perpetuity.
LODE Ratings Summary
LODE Quant Ranking