Comstock closes $45M mining asset sale, receives $20M cash

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Go back to Comstock closes $45M mining asset sale, receives $20M cash

Comstock Receives $20 Million and Closes Sale of Legacy Mining Assets to Mackay Precious Metals Inc.

August 24, 2026 6:15 AM EDT

VIRGINIA CITY, Nev., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (Comstock, our and the Company) today announced it has closed the previously announced transaction under which Mackay Precious Metals Inc. (Mackay), a wholly owned subsidiary of Mackay Gold & Silver Corp. (TSXV: MACK, OTCQB: MKGSF), acquired 100% of Comstock's mineral, mining, processing and mining-district-related real estate entities, with the aggregate transaction valued at more than $45 million. Comstock has now received $20 million in cash and 2 million common shares (TSX-V: MACK.V) of Mackay Gold & Silver Corp. currently valued at... More