Source: Comstock Inc. 10/15/2025
Comstock Inc. (NYSE: LODE) (“Comstock” and the
“Company”) today announced that it has completed its purchase of the
Haywood quarry industrial and mineral properties from Decommissioning
Services LLC for a total of $2.2 million in cash and stock. The Haywood
property totals approximately 190 acres in Lyon County, Nevada, and has
available power, water, and easy access to US 50. These properties
historically hosted gold mining and processing operations, and more
recently, aggregate mining and are strategically located and contiguous
to the Company’s Lyon County mineral properties, including our now
flagship Dayton gold and silver resource.
“This
is a very important addition to our mineral portfolio,” stated Mr.
Corrado De Gasperis, Comstock’s Executive Chairman and CEO, “as it could
conveniently host activities to support the mining at Dayton, and then
provide post-mining industrial property in one of the largest industrial
parks in Lyon County.”
The Comstock Lode was
discovered in 1859. From 1860 to 1960, the district yielded more than
eight million ounces of gold and 192 million ounces of silver, from
workings greater than 3,000 feet below the surface. We have consolidated
the most significant portions of the historic Comstock Lode mining
district, conducted surface and airborne geophysical studies, drilled
extensively, and developed detailed numerical models of the
mineralization. We have secured permits, built an infrastructure, and
completed two phases of test production. The Haywood Quarry is a
strategic addition that enhances the efficacy of our Lyon County
position.
Because of the Comstock
Lode's historical significance, the geology is well known and has been
extensively studied. We have expanded our understanding of the geology
through vigorous surface mapping and drill hole logging. The volume of
geologic data is significant, particularly in the Lucerne and Dayton
resource areas. We have accumulated a large library of historical data
and detailed surface mapping of Comstock Mineral Estate properties and
continue to obtain historical information from public and private
sources. We have integrated this data with information obtained from our
mining operations to target prospective geological exploration areas
and plan exploratory drilling programs, including expanded surface and
underground drilling.
The Company completed
extensive geological mapping and drilling on a limited portion of our
properties, particularly the Lucerne and Dayton resource areas, and
characterized the mineralized material. We have performed metallurgical
testing, mine planning and economic analysis while conducting extensive
test mining operations, most recently from 2012 through 2016. The
Company published an independent, third-party, S-K 1300 Technical Report
Summary for our flagship Dayton gold and silver resources in November
2022.
The Company’s 2025 efforts include
applying economic analysis to our existing gold and silver resources
progressing toward preliminary economic feasibility for the southern
part of the district, that is the broader Dayton resource complex, and
the ultimate development of full mine and reclamation plans and the
development of post productive land and community development plans.
About Comstock Inc.
Comstock
Inc. (NYSE: LODE) innovates and commercializes technologies, systems
and supply chains that enable, support and sustain clean energy systems
by efficiently, effectively, and expediently extracting and converting
under-utilized natural resources into reusable metals, like silver,
aluminum, gold, and other critical minerals, primarily from end-of-life
photovoltaics.
