Comstock Inc. announced that earlier this week, the Company, Alvin Fund, and GHF Inc. amended their promissory notes and extended the maturities for all three existing promissory notes until April 15, 2026. Comstock Metals is commercial now and is currently deploying its first commercial demonstration facility in Silver Springs, NV, while it begins preliminary design and engineering for its next 2-3 industry scale facilities and related storage sites. These metals-based wastes can cause a massive amount of pollution if simply allowed to be landfilled.

Comstock Fuels biorefining technologies are commercially ready and offer growth-enabling performance for prospective customers. Comstock Fuels is actively engaged in commercial discussions, including joint developments and licensing agreements representing future revenues from engineering services, designed to define and enable renewable fuel hubs. In addition to the new maturity date of April 15, 2026, the Company also agreed to increase the interest rates to 12% per annum for two of the three notes and included an additional payment equal to two months of interest, in the event that they are paid off prior to maturity and adjusted and extended certain warrants priced at $0.4555 until December 31, 2025.