Comstock And Sierra Springs Opportunity Fund Announce Strategic Engagement With Newmark For Its Nevada Land-Power-Compute Platform
The engagement starts a partner-selection process for the fund’s powered land, but it does not guarantee a transaction.
Rhea-AI Summary
Comstock (LODE) announced on September 24, 2026, that Sierra Springs Opportunity Fund engaged Newmark (NMRK) to evaluate Nevada development partners.
Comstock holds a 47.63% fully diluted interest in the fund, which owns or controls approximately 2,200 acres of land in Silver Springs through Sierra Springs Enterprises and its subsidiaries. Newmark will advise the fund on development strategy for the powered land and run a competitive request-for-proposal process to identify and evaluate prospective development and operating partners. Future updates are anticipated through the fourth quarter of 2026; no development partnership or transaction is guaranteed.
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Key Figures
- SSOF ownership interest
- 47.63%
- Comstock fully diluted ownership
- Land position
- Approximately 2,200 acres
- SSOF properties in Silver Springs, Nevada
- Future update window
- Fourth quarter of 2026
- Updates anticipated; development partnership or transaction not guaranteed
Historical Context
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Comstock disclosed its SSOF stake and investment supporting the same Sierra Springs land opportunity.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
fully diluted ownership interest financial
qualified opportunity zone fund regulatory
qualified opportunity zone business regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Newmark to Lead a Strategic Development-Partner Evaluation Process
SILVER SPRINGS, Nev., Sept. 24, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock,” “our,” and the “Company”) and Sierra Springs Opportunity Fund, Inc. (“SSOF”), a strategic investment in which Comstock holds a
Newmark (Nasdaq: NMRK) is a global commercial real estate and advisory firm, and a leading advisor on data centers and powered land transactions.
Strategic Scope of Engagement
The engagement is intended to preserve strategic flexibility and maximize value. Steve Golubchik, Executive Vice Chairman and President, Western Region Capital Markets, leads Newmark’s relationship with SSOF and Comstock. Newmark will advise SSOF on development strategy for the powered lands and design and administer a competitive request-for-proposal process to identify and evaluate prospective development and operating partners.
“We have consolidated the potential for one of the most significant powered land positions for energy infrastructure, datacenters and advanced manufacturing in Northern Nevada,” stated Corrado De Gasperis, Comstock’s Chief Executive Officer and President of SSOF. “With the Newmark team, we are now advancing our combined efforts to maximize value while mitigating Comstock’s capital requirements.”
Sierra Springs Land-Power-Compute Opportunity
SSOF is a qualified opportunity zone fund that owns Sierra Springs Enterprises, Inc. (“SSE”), a qualified opportunity zone business. Through SSE and its subsidiaries, SSOF owns or controls approximately 2,200 acres of land in Silver Springs, in addition to a leased manufacturing facility, the Silver Springs Regional Airport, significant water and sewer rights, and other infrastructure assets.
“We believe SSOF’s land position is unique in the marketplace due to its location, connectivity, and proximity to established data center hubs,” stated Golubchik. “SSOF and Comstock have demonstrated pragmatic responsibility and forethought, working diligently with the community to ensure stakeholders’ needs are met. We are excited about this collaboration and to help SSOF unlock the full value.”
While the completion of any development partnership or transaction is not guaranteed, the planned process is scheduled, and future updates are anticipated through the fourth quarter of 2026.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries, provides commercial real estate advisory services to institutional investors, corporations, owners and occupiers worldwide. Its platform includes debt and structured finance, strategic advisory, leasing, valuation and other services across the real estate life cycle. For the 12 months ended June 30, 2026, Newmark reported more than
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 and renewable fuels, chemicals and animal feedstocks, primarily derived from proprietary crops and other forms of woody biomass for energy.
To learn more, please visit www.comstock.inc.
Comstock Social Media Policy
Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its X.com, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Contacts
For investor inquiries:
Judd B. Merrill, Chief Financial Officer
Tel (775) 413-6222
ir@comstockinc.com
For media inquiries:
Zach Spencer, Director of External Relations
Tel (775) 847-7573
media@comstockinc.com
For Newmark inquiries:
Steve Golubchik, Executive Vice Chairman and President, Western Region Capital Markets
Darren Hollak, Senior Managing Director, Western Region Capital Markets
Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “forecast,” “seek,” “target,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future market conditions; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, joint ventures, strategic alliances and business combinations; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings of equity or debt securities; and future working capital needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company or any other issuer.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What will Newmark (NMRK) do for Sierra Springs Opportunity Fund’s Nevada properties?
Newmark will advise the fund on development strategy for the powered land and run a competitive request-for-proposal process. That process is intended to identify and evaluate prospective development and operating partners.
What assets does Sierra Springs Opportunity Fund have in Silver Springs besides land?
Its assets include a leased manufacturing facility, the Silver Springs Regional Airport, water and sewer rights, and other infrastructure assets. The fund holds its Silver Springs interests through Sierra Springs Enterprises and its subsidiaries.