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Comstock Mining Settles Convertible Note with Kips Bay

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Comstock Mining Settles Convertible Note with Kips Bay

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

On August 8, 2025, Comstock Inc. amended its promissory notes with Georges Trust and Alvin Fund, issuing 2,900,000 shares of restricted Common Stock as partial consideration for the $8,390,000 debt. The company also extended the expiration date of certain stock purchase warrants to December 31, 2027. Additionally, on August 12, 2025, Comstock entered into a payoff agreement with Kips Bay Select, settling a $10,638,298 convertible promissory note with a $2,500,000 cash payment and 447,724 shares of Common Stock. These financial maneuvers aim to optimize Comstock’s debt management and improve its financial standing.

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 49 reflects significant financial weaknesses, including profitability challenges and high leverage. Despite a positive earnings call and beneficial corporate events, these factors are outweighed by the financial instability and weak technical signals.

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

More about Comstock Mining

Average Trading Volume: 461,325

Technical Sentiment Signal: Sell

Current Market Cap: $98.87M

See more insights into LODE stock on TipRanks’ Stock Analysis page.

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