Comstock Mining Amends Purchase Agreement with Mackay

Comstock Mining ( (LODE) ) has shared an update.

On June 6, 2025, Comstock Inc. amended its purchase agreement with Mackay Precious Metals Inc., increasing the cash purchase price to $2.95 million for its Northern Targets and 25% interest in Pelen LLC. The amendment also includes Mackay’s acquisition of 300 acres in Lyon County, expanding Comstock’s mineral claims, and grants Mackay exclusive negotiation rights for the Lucerne resource area. This transaction, along with previous lease revenues, totals over $6.7 million, supporting Comstock’s strategic focus on its central and southern district resources.

The most recent analyst rating on (LODE) stock is a Buy with a $2.60 price target. To see the full list of analyst forecasts on Comstock Mining stock, see the LODE Stock Forecast page.

Spark’s Take on LODE Stock

According to Spark, TipRanks’ AI Analyst, LODE is a Neutral.

The overall stock score of 55 reflects significant financial challenges as the most critical factor, with high leverage and cash flow issues overshadowing positive earnings call sentiment and strategic corporate events. Technical analysis provides some support, but valuation concerns remain due to persistent losses.

To see Spark’s full report on LODE stock, click here.

More about Comstock Mining

Comstock Inc. innovates and commercializes technologies across industries to efficiently extract and convert under-utilized natural resources into renewable fuels and electrification metals.

Average Trading Volume: 436,384

Technical Sentiment Signal: Hold

Current Market Cap: $114.9M

Learn more about LODE stock on TipRanks’ Stock Analysis page.