Comstock Inc (NYSE American: LODE) is a Nevada-based natural resources and technology company focused on mining, renewable fuels, and electrification technologies. The company pursues revenue through technology development, commercialization, and licensing of intellectual property across mining, fuels, and electrification fields, including AI-based applications in those sectors. Comstock owns the Lucerne gold and silver deposit, industrial and commercial land holdings in Silver Springs, Nevada totaling approximately 258 acres, and senior water rights at that site, all of which it markets for sale as of the FY2025 10-K filed March 24, 2026. The company also holds an investment in an unaffiliated research and development entity under a Securities Purchase Agreement entered March 1, 2024. Comstock operates in the renewable fuels sector with reference to ethanol industry data and carries exposure to hazardous and non-hazardous waste management regulations. The company issues common stock to fund operations and service debt, reflecting a capital structure that relies heavily on equity issuances and debt conversions rather than operating cash flow.

Revenue model

Revenue is pursued through technology licensing, commercialization of proprietary technologies in mining and fuels, and asset sales including industrial and commercial properties in Silver Springs, Nevada. The company has not disclosed specific revenue figures by segment in the provided filing excerpts.

Products and services

Gold and silver mineral exploration at the Lucerne deposit; AI-based intellectual property for mining, electrification, and fuels applications; technology development and licensing services; industrial and commercial land (approximately 98 acres industrial, 160 acres commercial) and water rights in Silver Springs, Nevada marketed for sale as of FY2025.

Customers and end markets

End markets referenced in the filing include renewable fuels (ethanol), solar energy, and electrification. The filing does not disclose named customers or customer concentration data.

Value-chain role

Comstock operates as a technology developer and licensor in mining, electrification, and fuels, and as a mineral property owner and explorer. It also holds real estate assets for sale and invests in third-party research and development through contractual agreements.

Geographic exposure

Operations and properties are concentrated in Nevada, including the Lucerne deposit and Silver Springs properties. The filing does not disclose international operations.

Source: SEC 10-K, filed 2026-03-24

Industry: Industrial Organic Chemicals Peers: Star Alliance International Corp. Newmont Corporation Dynaresource Inc Fortitude Gold Corp Vista Gold Corp Hycroft Mining Holding Corporation Paramount Gold Nevada Corp Timberline Resources Corp