LODE News & Events

Comstock and its subsidiary, Comstock Metals announced that it has received tax abatements from the Nevada Governor's Office of Economic Development. GOED awarded approximately $900,000 in tax abatements that will apply to Comstock Metals' first-of-its-kind zero-landfill, solar panel recycling and critical metal production facility that is scheduled to commence production in the Q2, with the initial recycling capacity of approximately 3.3M panels or approximately 100,000 tons of recycled material per year. Comstock Metals recently received all its remaining permits from the State of Nevada for its breakthrough solar panel recycling processes located in Silver Springs, in northern Nevada and is currently operating in its pilot facility. In connection with the abatement program, Comstock Metals will create at least 43 diverse, well-paying jobs and make over $12M in capital investments within the first year of operation. Over the 10-year abatement period, it is estimated that this operation will result in more than $7M in net new Nevada tax revenues.

US equity futures are mixed in the opening hour of the evening session as markets digest corporate earnings out of Big Tech - Metaand IBMare faring the best out of high-profile names, both gaining 7% afterhours, while Microsoftis slipping despite topping estimates following in-line guide given on the earnings call. Teslawas up mid-single-digits on earnings, though shares had pared some gains afterhours as the company indicated that 2026 capex would dwarf last year, calling 2026 a "new book" rather than a "new chapter" for the company. Dow Industrials futures are down 0.3%, S&P e-minis are off by 0.2%, and Nasdaq 100 futures are slipping by 0.1%.Precious metals continue to soar in the wake of US Dollar weakness sustained further by the FOMC decision featuring two dovish dissenters. Gold is now above $5,500 while Silver trades north of $118 per ounce. Energy is also waking up to the rally in commodities as WTI Crude Oil tops $63 per barrel - the highest level since September.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Deluxeup 10.9%IBMup 7.6%Metaup 7.3%C.H. Robinson Worldwideup 6.9%Lam Researchup 6.0%Viavi Solutionsup 5.1%Tetra Techup 4.5%Hexcelup 3.0%CONMEDup 2.6%Teslaup 1.2%DOWN AFTER EARNINGS -Las Vegas Sandsdown 9.9%Whirlpooldown 8.5%LendingClubdown 7.7%Microsoftdown 6.3%ServiceNowdown 6.3%Calixdown 2.2%Cimpress plcdown 1.6%ALSO LOWER -Comstockdown 13.0% after equity offeringJoby Aviationdown 11.1% after $1B convertible debt / common stock offering

Comstock announced that it has commenced an underwritten public offering for the sale of its common stock. The company intends to use the net proceeds from this offering to fund capital expenditure requirements for Comstock Metals related to its second industry-scale facility, the development of a refining process and solution, accelerated site selections and Metals market growth, with any remainder to be used for general corporate purposes. Titan Partners, a division of American Capital Partners, is acting as the sole bookrunner for the offering.