Comstock Announces Completion of Debt Settlement
Comstock Metals (OTC: CMMMF) completed a related-party debt settlement on November 20, 2025 by transferring 283,784 Trident Resources shares to Lambent Consulting Inc., a company owned by CEO Steven Goldman, to settle $244,055 of principal and interest.
The share count was calculated using Trident's closing price of $0.86 on November 10, 2025. After the transfer, Comstock holds 541,591 Trident shares. The transaction was treated as a related-party transfer under MI 61-101, exempt from formal valuation and minority approval under specified sections, and approved by disinterested directors. The company did not file a 21-day prior material change report because it chose to close the settlement expeditiously.
Comstock Metals (OTC: CMMMF) ha completato una risoluzione di debiti tra parti correlate il 20 novembre 2025 trasferendo 283.784 azioni di Trident Resources a Lambent Consulting Inc., una società di proprietà del CEO Steven Goldman, per soddisfare 244.055 dollari di capitale e interessi.
Il conteggio delle azioni è stato calcolato usando il prezzo di chiusura di Trident di 0,86 USD il 10 novembre 2025. Dopo il trasferimento, Comstock detiene 541.591 azioni di Trident. La transazione è stata trattata come trasferimento tra parti correlate ai sensi della MI 61-101, esente da valutazione formale e dall’approvazione da parte della minoranza secondo le sezioni specificate, e approvata dai direttori non interessati. L’azienda non ha presentato un rapporto di cambiamento materiale di 21 giorni prima perché ha scelto di chiudere la liquidazione in modo rapido.
Comstock Metals (OTC: CMMMF) completó un acuerdo de liquidación de deuda entre partes relacionadas el 20 de noviembre de 2025 transfiriendo 283.784 acciones de Trident Resources a Lambent Consulting Inc., una empresa propiedad del CEO Steven Goldman, para liquidar 244.055 dólares de principal e intereses.
El recuento de acciones se calculó usando el precio de cierre de Trident de $0.86 el 10 de noviembre de 2025. Después de la transferencia, Comstock posee 541.591 acciones de Trident. La transacción se trató como una transferencia entre partes relacionadas bajo la MI 61-101, exenta de valoración formal y de aprobación de la minoría según las secciones especificadas, y aprobada por directores no interesados. La empresa no presentó un informe de cambio material 21 días antes porque decidió cerrar la liquidación de manera expedita.
Comstock Metals (OTC: CMMMF) 는 2025년 11월 20일 관련자 간 부채 조정을 통해 Trident Resources 주식 283,784주를 Lambent Consulting Inc.에 양도하여 원금 및 이자 244,055달러를 결제했습니다.
주식 수는 2025년 11월 10일 종가 0.86 USD를 사용해 계산되었습니다. 양도 후 Comstock는 541,591 주의 Trident 주식을 보유하게 되었습니다. 이 거래는 MI 61-101에 따라 관련 당사자 간 이전으로 처리되었으며, 정식 평가 및 소수 의결 승인은 특정 조항에 따라 면제되었고 이해관계가 없는 이사들의 승인을 받았습니다. 회사는 21일 전 주요 변경 신고서를 제출하지 않았습니다. 합의를 신속히 종료하기로 결정했기 때문입니다.
Comstock Metals (OTC: CMMMF) a finalisé le 20 novembre 2025 un règlement de dettes entre parties liées en transférant 283 784 actions de Trident Resources à Lambent Consulting Inc., une société détenue par le PDG Steven Goldman, pour régler 244 055 dollars de principal et d’intérêts.
Le nombre d’actions a été calculé en utilisant le cours de clôture de Trident de 0,86 USD le 10 novembre 2025. Après le transfert, Comstock détient 541 591 actions de Trident. La transaction a été traitée comme un transfert entre parties liées en vertu du MI 61-101, exonérée d’évaluation formelle et d’approbation par les minorités selon les sections spécifiées, et approuvée par des administrateurs non impliqués. La société n’a pas déposé de rapport de changement matériel 21 jours avant car elle a choisi de clôturer la liquidation rapidement.
Comstock Metals (OTC: CMMMF) hat am 20. November 2025 eine Transaktion zwischen verwandten Parteien zur Schuldenregelung abgeschlossen, indem 283.784 Trident Resources-Aktien an Lambent Consulting Inc., ein Unternehmen von CEO Steven Goldman, übertragen wurden, um 244.055 USD an Kapital und Zinsen zu begleichen.
Der Aktienumfang wurde unter Verwendung des Schlusskurses von Trident am 10. November 2025 von 0,86 USD berechnet. Nach der Übertragung hält Comstock 541.591 Trident-Aktien. Die Transaktion wurde als Related-Party-Transfer gemäß MI 61-101 behandelt, von formeller Bewertung und Minderheitenabstimmung gemäß festgelegten Abschnitten befreit und von uninteressierten Direktoren genehmigt. Das Unternehmen hat keinen 21-Tage-Bericht über wesentliche Änderungen eingereicht, da es beschlossen hat, die Abwicklung zügig abzuschließen.
Comstock Metals (OTC: CMMMF) أكملت تسوية ديون بين أطراف ذات صلة في 20 نوفمبر 2025 من خلال نقل 283,784 سهماً من Trident Resources إلى Lambent Consulting Inc.، وهي شركة مملوكة لمديرها التنفيذي ستيفن جولدمان، لتسوية 244,055 دولاراً من أصل وفوائد.
تم حساب عدد الأسهم باستخدام سعر إغلاق Trident البالغ 0.86 دولار في 10 نوفمبر 2025. بعد النقل، تمتلك Comstock 541,591 سهماً من Trident. عُدِّلت الصفقة كتحويل بين أطراف ذات صلة وفقاً لـ MI 61-101، مع الإعفاء من التقييم الرسمي وموافقة الأقلية وفق الأقسام المحددة، وبموافقة المدراء غير المعنيين. لم تقدم الشركة تقرير تغيير مادي قبل 21 يوماً لأنها اختارت إغلاق التسوية بسرعة.
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Vancouver, British Columbia--(Newsfile Corp. - November 20, 2025) - Comstock Metals Ltd. (TSXV: CSL.H) ("Comstock" or the "Company") announces that further to the Company's press release dated November 11, 2025, the Company has completed the debt settlement transaction with Lambent Consulting Inc. (a company owned by Steven Goldman, Chief Executive Officer of the Company) pursuant to which the Company settled the
The number of Trident Shares transferred was based on the closing price of
Following completion of the settlement, the Company holds a total of 541,591 Trident Shares.
Both the Company and Mr. Goldman are at arm's length to Trident Resources Corp.
Mr. Goldman and his consulting company is considered to be a "related party" (within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101")), making the transaction a "related party transaction" (within the meaning of MI 61-101) (the "Related Party Transfer"). The Company was exempt from obtaining a formal valuation for, and minority approval of, the Related Party Transfer pursuant to Section 5.5(b) and 5.7(1)(e) of MI 61-101, respectively. The settlement transaction was approved by the disinterested directors of the Company. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Debt Settlement as the Company wished to close the debt settlement in an expeditious manner.
About Comstock Metals Ltd.
Comstock Metals Ltd. is a publicly traded company which formerly operated as a mining exploration company in Canada but is currently focused on identifying new opportunities.
For more information about Comstock Metals Ltd., please refer to Comstock's website at www.comstock-metals.com or contact:
Steven H. Goldman
President, CEO and Director
COMSTOCK METALS LTD.
Cell Phone: (416) 917-1533
Email: s.goldman@goldmanhine.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275313
FAQ
What did Comstock announce on November 20, 2025 regarding CMMMF?
How was the settlement amount of $244,055 calculated for CMMMF's debt settlement?
How many Trident Resources shares does Comstock hold after the transfer?
Why was the Comstock related-party transfer exempt from valuation and minority approval under MI 61-101?
Was a prior 21-day material change report filed before Comstock's debt settlement?
