Comstock Inc. provides corporate update for 1H of 2025

Recent Corporate Liquidity and Capital Resources Events: Closed the initial $20 Million of Series A Investment and completed the separation of Fuels into Bioleum Corporation; Raised $30 million in gross proceeds to fully fund and accelerate the commercialization of its R2v3/RIOS Responsible Recycling certified zero-landfill industry-scale solar panel recycling facilities; Paid down outstanding promissory notes by issuing 2,900,000 common shares to an existing; Entered a final payoff agreement with Kips Bay in full satisfaction of the Company’s convertible note obligation; Eliminated all liabilities associated with the previous acquisitions of AST; Northern Comstock; Haywood mineral properties and quarry and LINICO; Proforma combined cash balance exceeded $45 million between Comstock and Bioleum’s recent capital raises. “The past five months have clarified the technological capabilities and leadership teams of two extraordinary companies, a Nevada-based renewable metals company and an Oklahoma-based renewable oil and gas company, that, remarkably, are now rapidly moving to deploy urban silver mines and sustainable oil fields and biorefineries that do not ever deplete or stop producing. In both instances now, multiple, sophisticated, strategic and financial investors have all made material investments in us,” stated Corrado De Gasperis, Executive Chairman and CEO of Comstock Inc. (LODE)