VIRGINIA CITY, Nev., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company"), today announced that it has priced its previously announced underwritten public offering of 18,181,819 shares of its common stock. All of the shares of common stock in the offering are to be sold by Comstock. The gross proceeds to the Company from this offering are expected to be approximately $50 million before deducting underwriting discounts and commissions and other offering expenses. The Company has granted the underwriter a 30-day option to purchase up to an additional 2,727,272 shares of common stock to cover over-allotments, if any, at the per share public offering price, less underwriting discounts and commissions. The offering is being led by the Company's largest existing shareholders and several new institutional investors.

"We are pleased to have the continued support of leading institutional investors," said Corrado De Gasperis, Executive Chairman and CEO of Comstock. "Momentum in the end-of-life solar panel market is exceeding expectations, with growing demand for our recycling and refining solutions, particularly for the domestic recovery of silver and other critical and precious metals. This capital strengthens our ability to accelerate execution and scale our platform."

The Company intends to use the net proceeds from this offering to fund capital expenditure requirements for Comstock Metals LLC related to its second industry-scale facility, the development of a refining process and solution, accelerated site selections and Metals market growth, with any remainder to be used for general corporate purposes. The offering is expected to close on January 30, 2026, subject to customary closing conditions.

Titan Partners, a division of American Capital Partners, is acting as the sole bookrunner for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-291705) (including a base prospectus) previously filed with the U.S. Securities and Exchange Commission (the "SEC") on November 21, 2025, and declared effective on December 10, 2025. The offering is being made only by means of a preliminary prospectus supplement and a final prospectus supplement and the accompanying base prospectus that form a part of the registration statement. Before investing, prospective investors should read 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, including the preliminary prospectus supplement relating to the offering, are available for free on the SEC's website at www.sec.gov. Copies of the final prospectus supplement, when available, and the accompanying base prospectus relating to the offering may be accessed for free on the SEC's website at www.sec.gov or obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at [email protected].

This press release shall not constitute an ...