Comstock Launches Public Offering of Common Stock, Shares Decline

Comstock has launched a public offering of common stock or pre-funded warrants, with a 30-day option to purchase up to 15% additional shares or warrants. The pre-funded warrants are immediately exercisable with no expiration. Shares are currently down.

Comstock Inc. (NYSE: LODE), a company specializing in the extraction and conversion of under-utilized natural resources into reusable electrification metals, has announced a public offering of its common stock or pre-funded warrants. The offering, which commenced on August 12, 2025, is being conducted under an effective shelf registration statement on Form S-3 [1].

The company expects to grant the underwriter a 30-day option to purchase up to 15% additional shares or pre-funded warrants to cover over-allotments. These pre-funded warrants are immediately exercisable and have no expiration date. The proceeds from the offering will be used for capital expenditures associated with commercializing its first industry-scale facility for Comstock Metals, development expenses, and general corporate purposes, including the payment of existing indebtedness [1].

The offering is subject to market conditions and other factors, and there can be no assurance as to whether or when it may be completed or as to the actual size or terms of the offering. Titan Partners Group, a division of American Capital Partners, is acting as the sole bookrunner for the offering [1].

Shares of Comstock Inc. have been trading at a discount, with the stock price down from its recent highs. Investors are advised to review the preliminary prospectus supplement, the accompanying base prospectus, and the documents incorporated by reference therein for more complete information about the company and the offering. These documents are available for free on the SEC's website [1].

References:
[1] https://www.morningstar.com/news/globe-newswire/9511379/comstock-inc-announces-proposed-public-offering-of-common-stock