Comstock advances asset and facility sales for $27 million

Virginia city, nev., april 10, 2023 (globe newswire) -- comstock inc. (nyse: lode) (“comstock” and the “company”) on march 7, 2023, the company announced that its 88.21% owned linico corporation (“linico”) subsidiary entered into amended and restated agreements to sell certain assets for $27.0 million, including the battery recycling facility located in the tahoe reno industrial center (the “facility”) to american battery technology company, a nevada corporation (“abtc”). pursuant to the terms of the linico agreements, $1.5 million of the purchase price will be held in escrow for up to 18 months for the settlement of any potential buyer indemnification claims.
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