Comstock Inc. (NYSE: LODE) completed the sale of its residual 1.5% net‑smelter‑return (NSR) royalty tied to the recently divested northern claim targets to Mackay Precious Metals Inc. for a total purchase price of $1.1 million in cash. The final $1 million payment was made on January 20 2026, and the announcement of the transaction’s completion was issued the following day.
The sale is part of a broader series of asset disposals that have bolstered Comstock’s balance sheet. In addition to the royalty, the company has received more than $4 million in cash from the sale of properties, leasehold interests, and related royalties, and the cumulative consideration from all Mackay‑related transactions—including a $2.95 million sale of northern mining claims in June 2025—approaches $8 million. These proceeds have helped the company maintain a debt‑free position and free up capital for its clean‑energy initiatives.
Management emphasized that the transaction is timely for advancing other strategic assets. CEO Corrado De Gasperis said, “Realizing nearly $8 million 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.” He added that the deal is “especially timely” as the company explores options to advance its Dayton and Lucerne resources.
The royalty sale also provides Mackay with a recurring revenue stream tied to the underlying mineral assets, aligning the interests of both companies. For Comstock, converting a residual royalty into immediate cash reduces exposure to mining operations and reinforces its focus on solar‑panel recycling and biofuel development—core components of its clean‑energy strategy.
While the company’s recent earnings have shown negative net margins and EPS, the asset disposals signal a deliberate shift away from legacy mining activities toward higher‑margin clean‑energy businesses. The proceeds will support ongoing investments in zero‑landfill solar‑panel recycling and renewable fuel projects, positioning Comstock for long‑term growth in the growing clean‑energy market.
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