Comstock Inc. Acquires Hexas Biomass for $6.5 Million
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Updated: 1 hour ago
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Source: Globenewswire
- Strategic Acquisition: Comstock Inc. announced the acquisition of Hexas Biomass for approximately $6.5 million, which includes 146,637 shares of Bioleum common stock and $2.5 million in convertible debt, aimed at enhancing its market position in the biofuels sector.
- High-Yield Crop Advantage: Hexas has developed proprietary energy crops with annual yields exceeding 25 to 30 dry metric tons per acre, which is 4 to 7 times higher than traditional forestry species, expected to significantly boost Bioleum's biofuel production capacity.
- Ecological Benefits: Hexas' crops are designed to thrive on marginal and underutilized lands, enhancing agricultural ecosystems without competing with food production, aligning with sustainability goals.
- Market Potential: Converting 40 million acres of non-food producing land into high-yield biomass farms could potentially double the annual biofuel output in the U.S., further promoting domestic energy independence and rural economic development.
LODE.A$0.0000%Past 6 months

No Data
Analyst Views on LODE
Wall Street analysts forecast LODE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LODE is 6.75 USD with a low forecast of 6.75 USD and a high forecast of 6.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast LODE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LODE is 6.75 USD with a low forecast of 6.75 USD and a high forecast of 6.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 3.750

Current: 3.750

Market Perform -> Outperform
upgrade
$6.75
Reason
Market Perform -> Outperform
Reason
Noble Capital upgraded Comstock Inc. to Outperform from Market Perform with a $6.75 price target. The firm says that with the completion of an equity offering in August, Comstock has eliminated its debt obligations and is expected to be able to fund Comstock Metals' first commercial-scale metal recycling facility. The company is now in a "much stronger position to execute its growth plans," the analyst tells investors in a research note.
Buy -> Neutral
downgrade
$12 -> $4
Reason
Ladenburg downgraded Comstock Inc. to Neutral from Buy with a price target of $4, down from $12.
Ladenburg initiated coverage of Comstock Inc. with a Buy rating and $12 price target. The firm says the company's refocused commercial operations are well positioned for 2026.
About LODE
Comstock Inc. commercializes technologies, systems and supply chains that enable, support and sustain clean energy systems by extracting and converting under-utilized natural resources into reusable metals, like silver, aluminum, gold, and other critical minerals, from end-of-life photovoltaics. It develops and uses artificial intelligence technologies for advanced materials development and preparing its mineral resources for mining and monetization. Its segments include Fuels, Metals, Mining, Strategic Investments and Corporate. Fuels develop and commercialize technologies that extract and convert wasted and unused lignocellulosic biomass into intermediates for refining into advanced renewable fuels. Mining owns, controls, or retains royalty interest in 12 square miles of properties of patented mining claims, unpatented mining claims and surface parcels in northern Nevada: six and a half miles of continuous mineralized strike length. Metals operate a solar panel recycling facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.