Welcome to our dedicated page for Comstock SEC filings (Ticker: LODE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Comstock Inc. filings document an operating company focused on clean energy materials, metals recovery, renewable fuels, mining assets and strategic investments. Form 8-K reports furnish quarterly and annual results, Regulation FD presentations and operational updates for its metals segment and other business activities.
The company’s SEC records also cover proxy governance, shareholder meeting matters, board composition, executive compensation, material agreements and capital-structure events. Recent disclosures include note amendments, cooperation-agreement governance changes, common-stock underwriting and warrant terms, equity financing information and the sale of a mining royalty interest.
NANCE WILLIAM JOHN reported acquisition or exercise transactions in this Form 4 filing.
Comstock Inc. director William John Nance received 7,993 shares of Common Stock as a stock award. The shares were granted at a stated price of $0.00 per share as compensation for annual director services for the period from April 1, 2026 to June 30, 2026 under Comstock Inc.’s 2020 and 2022 Equity Incentive Plans. Following this grant, Nance directly holds 121,674 shares of Comstock Inc. Common Stock.
Comstock Inc. director Robert Spence has filed an initial statement of ownership showing no current holdings of the company’s Common Stock. The filing reports that, as of March 23, 2026, he directly owns 0 shares following the reported entry, establishing a baseline for future ownership disclosures.
Comstock Inc. director Donald A. Colvin filed an initial Form 3 as a reporting person. The filing shows he directly holds 0 shares of Comstock common stock following the reported date, and it does not report any purchase, sale, or other transaction activity.
Comstock Inc. director Leo M. Drozdoff increased his stake through an open-market purchase. On March 30, 2026, he bought 28,000 shares of Comstock common stock at $3.00 per share. After this transaction, he directly owns 178,481 common shares of the company.
Comstock Inc. entered a Second Note Amendment Agreement with Georges Trust on March 30, 2026, extending the maturity of its promissory note. The note has a remaining principal amount of $4,290,000, and the due date was moved from April 15, 2026 to July 15, 2026.
Under an earlier amendment, Comstock issued 1,500,000 common shares to Georges Trust, and a registration statement on Form S-3 allows the resale of those shares. Net cash proceeds from the Noteholder’s share sales are to be applied to satisfy the note, and any proceeds above the total amounts payable must be returned to Comstock in shares or cash.
Comstock Inc. Chief Financial Officer Merrill Judd reported an open-market purchase of Common Stock. On March 30, 2026, he bought 3,700 shares at a price of $3.08 per share. After this transaction, he directly owns 4,210 Common Stock shares.
Comstock Inc. director Leo M. Drozdoff bought additional shares of the company’s Common Stock. On March 30, 2026, he made an open-market purchase of 28,000 shares at $3.00 per share. Following this transaction, he directly owns 178,481 Comstock shares.
MAK Capital Fund LP and affiliates disclosed an 8.1% beneficial stake in Comstock Inc., holding 5,763,729 common shares based on 71,371,868 shares outstanding as of February 3, 2026. MAK Fund’s total purchase cost is about $17,178,218, including 3,500,000 shares bought in a January 29, 2026 secondary offering for approximately $9,625,000.
On March 23, 2026, MAK and Comstock entered a Cooperation Agreement. Comstock expanded its Board to eight directors and added three new MAK-supported appointees, with retirements and a re-sizing to six, then seven directors around the 2027 annual meeting. MAK accepted standstill, voting, and non-disparagement commitments during this cooperation period while stating it views the shares as undervalued and may seek further strategic or governance changes over time.
Comstock Inc. entered into a Cooperation Agreement with MAK Capital Fund LP, which beneficially owns approximately 5,763,729 shares of Comstock’s common stock. The agreement immediately expands the Board from six to eight directors and adds three new independent directors: Donald A. Colvin, Robert M. Spence and, effective April 15, 2026, Steven Y. Pei.
The Company will nominate each of the new directors at its 2026 and 2027 annual meetings, while existing directors William J. Nance and Walter A. Marting Jr. plan to retire at the 2027 meeting. The Board size is scheduled to move to six directors at that time, then increase to seven once a new independent director, unaffiliated with both Comstock and MAK Capital, is added.
Committee roles are restructured, including Mr. Spence chairing the Compensation Committee and Mr. Colvin slated to chair the Audit and Finance Committee. Walter A. Marting Jr. becomes Chairman of the Board and Kristin Slanina Vice Chair. The agreement includes mutual non-disparagement provisions and remains in effect until the earlier of MAK Capital’s ownership falling below the lesser of 5.6% of outstanding common stock or 4,000,000 shares, or the conclusion of the 2027 annual meeting.
Comstock Inc. reported that 2025 revenue from its metals segment reached $1.4 million, more than triple 2024’s $0.4 million, with total 2025 billings over $3.5 million. The company is pivoting from a junior mining focus toward metals recovery and renewable fuels through two main businesses: Nevada-based Comstock Metals and Oklahoma-based Bioleum Corporation.
Comstock Metals has permits and funding for its first industry-scale solar panel recycling facility in northern Nevada, designed to handle up to 3.3 million panels or about 100,000 tons annually, with operations expected to begin in the second quarter of 2026. A second Nevada site has been selected, with capital expenditures for each of the first two facilities projected at about $14.0 million. Bioleum is expanding pilot production, pursuing a Series A equity raise, and targeting ultra-low-carbon fuels, with plans indicating potential yields of up to 100 barrels of fuel per acre per year from purpose-grown energy crops and waste biomass.