Comstock Prices $50M Oversubscribed Offering of 18.2M Shares for Facility Expansion

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Comstock Inc. has priced an oversubscribed public offering of 18.2 million shares to raise approximately $50 million gross proceeds. The company will use net proceeds to fund capital expenditures for its second industry-scale recycling facility, refining process development, and metals market expansion, with closing expected January 30, 2026.

1. Comstock to Host Business Update Webinar

Comstock Inc. has scheduled a live business update webinar for Tuesday, February 3, 2026, at 11:00am ET/8:00am PT, featuring Executive Chairman & CEO Corrado De Gasperis and CFO Judd Merrill. During the presentation, management will review recent operational milestones, including commissioning progress at its first industry-scale recycling facility and initial throughput rates for silver and critical mineral recovery from end-of-life photovoltaics. A dedicated Q&A session will follow the overview, with participants able to submit questions in advance via the registration form or by email to ir@comstockinc.com. The Company expects to address inquiries on capital deployment, production scale-up timelines and anticipated EBITDA improvements under its proprietary refining processes.

2. Comstock Prices $50 Million Upsized and Oversubscribed Public Offering

On January 28, 2026, Comstock Inc. priced an underwritten public offering of 18,181,819 shares of common stock to raise approximately $50 million in gross proceeds. The Company granted the underwriter a 30-day option to purchase up to an additional 2,727,272 shares to cover potential over-allotments. Leading institutional investors, including several of the Company’s largest existing shareholders, anchored the transaction. Net proceeds are earmarked for capital expenditures at Comstock Metals LLC’s forthcoming second industry-scale recycling facility, accelerated development of its proprietary refining process, site selection costs and expansion of its metals marketing efforts, with any remainder used for general corporate purposes. Titan Partners, a division of American Capital Partners, served as sole bookrunner, and the offering is expected to close on January 30, 2026, subject to customary conditions.

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