Comstock Completes $1M Transaction with Mackay
Comstock announced it has received the final $1M from Mackay Precious Metals completing an agreement to sell its residual 1.5% net smelter returns, or NSR, royalty associated with the recently sold northern claim targets to for an aggregate purchase price of $1.1M in cash. This transaction increases the total cash proceeds from the sale of those properties, leasehold interests, and royalties to over $4M in cash. On June 30, 2023, Comstock executed a Mineral Exploration and Mining Lease Agreement with Mackay. The Mackay Lease was terminated on December 18, 2024, in favor of the MIPA. Since June 30, 2023, Comstock received approximately $3.8M in initial and ongoing lease payments and reimbursed expenses in addition to the over $4M from the sale of the claims and the residual NSR sale transaction. "Realizing nearly $8M in consideration from the previous lease and subsequent sale, plus an additional 240 acres of patented and unpatented mineral and other properties in Lyon County for no additional consideration, wraps up a series of extremely positive transactions for Comstock and Mackay," said Corrado De Gasperis, Comstock's executive chairman and CEO.
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Comstock Inc. to Host Webinar on Financial Developments
- Webinar Announcement: Comstock Inc. will host a webinar on February 3, 2026, at 11:00 AM ET, where CEO Corrado De Gasperis and CFO Judd Merrill will discuss the company's recent business and financial developments, aiming to enhance investor understanding of its strategic direction.
- Interactive Q&A Session: Following the webinar, a Q&A session will be held, where unanswered questions will be reviewed and addressed by management, reflecting the company's commitment to investor feedback and aiming to improve transparency and trust.
- Focus on Technological Innovation: Comstock is dedicated to advancing clean energy systems by efficiently extracting and converting under-utilized natural resources into reusable metals, such as silver, aluminum, and gold, primarily from end-of-life photovoltaics, showcasing its strategic positioning in sustainability.
- Disclosure Policy: The company will continue to utilize its investor relations website and social media platforms (including X.com, LinkedIn, and YouTube) to disclose material non-public information, ensuring compliance with securities laws and enhancing communication with investors.
Meta Platforms Reports Strong Q4 Earnings, Shares Surge
- Strong Financial Results: Meta reported fourth-quarter revenue of $59.89 billion, exceeding analyst expectations of $58.30 billion, indicating robust performance in the recovering advertising market, which is likely to drive further stock price increases.
- Earnings Growth: The company posted adjusted earnings of $8.88 per share, surpassing the forecast of $8.16 per share, reflecting significant improvements in cost control and operational efficiency, thereby boosting investor confidence.
- Stock Price Surge: Following the earnings report, Meta's shares jumped 8.2% in pre-market trading to $723.70, indicating a positive market sentiment towards the company's growth prospects, which may attract more investor interest.
- Optimistic Sales Guidance: Meta's first-quarter sales guidance exceeded market expectations, further solidifying its leadership position in the digital advertising space and suggesting continued benefits from the recovery in advertising spending.
