Comstock Announces Results of Annual and Special Meeting and Grant of Stock Options

Rhea-AI Summary

Comstock Metals (OTC:CMMMF) reported the results of its annual and special meeting held on July 28, 2026. Shareholders unanimously approved all matters, including fixing the board at four directors, electing directors, re-appointing Dale Matheson Carr-Hilton LaBonte LLP as auditors, and re-approving the rolling stock option plan. Proxies represented more than 12.8 million common shares, about 43% of shares entitled to vote.

Comstock also granted officers and directors an aggregate of 2,267,198 stock options, effective July 28, 2026, each exercisable at $0.05 per share until July 28, 2031, with immediate vesting. The company noted it is currently focused on identifying new opportunities following its prior operations as a Canadian mining exploration company.

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Vancouver, British Columbia--(Newsfile Corp. - July 29, 2026) - Comstock Metals Ltd. (TSXV: CSL.H) ("Comstock" or the "Company") announces the results of its annual and special meeting of shareholders held on July 28, 2026 (the "Meeting"). At the Meeting, shareholders unanimously approved all matters put before them, including fixing the number of directors at four, the election of directors, the re-appointment of Dale Matheson Carr-Hilton LaBonte LLP, Chartered Professional Accountants, as auditors of the Company and the re-approval of the Company's rolling stock option plan. Proxies were received from the holders of more than 12.8 million common shares, representing approximately 43% of all shares entitled to be voted at the Meeting.

The Company also announces that certain officers and directors have been granted an aggregate of 2,267,198 stock options pursuant to the Company's stock option plan effective July 28, 2026. Each option is exercisable to acquire one common share of the Company at an exercise price of $0.05 per share until July 28, 2031. The options vest immediately upon grant.

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/307031

FAQ

What did Comstock Metals (CMMMF) shareholders approve at the July 28, 2026 annual and special meeting?

Shareholders approved all matters, including four directors, auditor re-appointment, and stock option plan re-approval. According to Comstock, directors were fixed at four, Dale Matheson Carr-Hilton LaBonte LLP was re-appointed auditor, and the rolling stock option plan was re-approved unanimously.

How many Comstock Metals (CMMMF) shares were represented at the July 28, 2026 shareholder meeting?

Proxies were received for more than 12.8 million common shares, about 43% of eligible shares. According to Comstock, these proxies represented approximately 43% of all shares entitled to be voted at the annual and special meeting.

What are the terms of the new Comstock Metals (CMMMF) stock options granted on July 28, 2026?

Comstock granted 2,267,198 stock options to certain officers and directors, exercisable at $0.05 per share. According to Comstock, each option can acquire one common share until July 28, 2031, and all options vest immediately upon grant under the stock option plan.

Who received the 2,267,198 Comstock Metals (CMMMF) stock options announced in July 2026?

Certain officers and directors received the aggregate 2,267,198 stock options granted under the company’s stock option plan. According to Comstock, these options were issued effective July 28, 2026, with immediate vesting and an exercise price of $0.05 per share.

What is Comstock Metals’ (CMMMF) current business focus after its mining exploration activities?

Comstock is currently focused on identifying new opportunities following its former role as a Canadian mining exploration company. According to Comstock, it is a publicly traded company that previously operated exploration projects but is now seeking alternative business prospects.

Who is the auditor re-appointed by Comstock Metals (CMMMF) at the 2026 meeting?

Dale Matheson Carr-Hilton LaBonte LLP, Chartered Professional Accountants, was re-appointed as auditor at the 2026 meeting. According to Comstock, shareholders unanimously approved the re-appointment of this audit firm as the company’s external auditor.