false 0001120970 0001120970 2024-12-30 2024-12-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 30, 2024
 
COMSTOCK INC.
(Exact Name of Registrant as Specified in its Charter)
 
Nevada
001-35200
65-0955118
(State or Other
Jurisdiction of Incorporation)
 (Commission File Number)
(I.R.S. Employer
Identification Number)
 
117 American Flat Road, Virginia City, Nevada 89440
(Address of Principal Executive Offices, including Zip Code)
Registrant’s Telephone Number, including Area Code: (775) 847-5272
 
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.000666 per share
LODE
NYSE AMERICAN
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company      ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      ☐
 
 
 
 
Item 8.01 Other Events
 
On September 18, 2024, Comstock Fuels Corporation (“Comstock Fuels”), a subsidiary of Comstock Inc. (the “Company”), executed a term sheet with SACL Pte. Ltd. (“SACL”), a Singapore-based project development and management company that intends to develop renewable energy projects in Australia and New Zealand (the “Territory”). The term sheet is non-binding but binding in respect of the essential economic terms until such time as definitive agreements are executed amongst the parties.
 
On November 18, 2024, Comstock Fuels and SACL executed an amendment to the term sheet to increase SACL’s territory to facilitate the financing, construction, and operation of SACL’s first planned site in Vietnam. The amended term sheet called for execution and closing of all the associated definitive agreements on or before December 31, 2024.
 
On December 30, 2024, Comstock Fuels and SACL agreed to modify the non-binding term sheet and extend the execution and delivery of all of the mutually acceptable, definitive documents on or before January 31, 2025.
 
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
         
         
   
COMSTOCK INC.
       
Date: December 30, 2024
  
By:
   /s/ Corrado De Gasperis
       
Name: Corrado De Gasperis
Title: Executive Chairman and Chief Executive Officer
 
 
 
v3.24.4
Document And Entity Information
Dec. 30, 2024
Document Information [Line Items]  
Entity, Registrant Name COMSTOCK INC.
Document, Type 8-K
Document, Period End Date Dec. 30, 2024
Entity, Incorporation, State or Country Code NV
Entity, File Number 001-35200
Entity, Tax Identification Number 65-0955118
Entity, Address, Address Line One 117 American Flat Road
Entity, Address, City or Town Virginia City
Entity, Address, State or Province NV
Entity, Address, Postal Zip Code 89440
City Area Code 775
Local Phone Number 847-5272
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol LODE
Security Exchange Name NYSE
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001120970
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