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Comstock Secures $325 Million Term Sheet for Investments and Real Estate Sales
Comstock Inc. (NYSE American: LODE) has secured a $325 million term sheet for investments and real estate sales. The deal includes $275 million in direct investments into Comstock's three main subsidiaries: $200 million for Comstock Fuels , $22 million for Comstock Metals , and $50 million for Comstock's Mining segment. Additionally, there's a $3 million direct equity investment into Comstock itself and a $50 million sale of Nevada real estate and water rights.
This transaction recognizes significant valuations of nearly $500 million for Comstock's businesses and provides essential growth capital. The funds will be used to advance and accelerate the commercialization of Comstock's fuels, metals, and mining operations. The deal is subject to final due diligence and regulatory approvals.
This transaction recognizes significant valuations of nearly $500 million for Comstock's businesses and provides essential growth capital. The funds will be used to advance and accelerate the commercialization of Comstock's fuels, metals, and mining operations. The deal is subject to final due diligence and regulatory approvals.
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