Comstock inc. announces proposed public offering of common stock

Virginia city, nev., aug. 12, 2025 (globe newswire) -- comstock inc. (nyse: lode) (“comstock” and the “company”), today announced that it has commenced an underwritten public offering for the sale of its common stock (or pre-funded warrants in lieu thereof). in connection with the offering, comstock expects to grant the underwriter a 30-day option to purchase additional common stock in an amount up to 15% of the shares of common stock (or pre-funded warrants) offered in the offering, to cover over-allotments, if any. the pre-funded warrants will be immediately exercisable and may be exercised at any time until exercised in full. the company intends to use the net proceeds from this offering for capital expenditures associated with commercializing its first industry scale facility for comstock metals, development expenses, and general corporate purposes, including the payment of existing indebtedness. the offering is subject to market conditions and other factors, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
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