Comstock Announces Mineral Exploration and Mining Lease Revenues
Portfolio Pulse from Benzinga Newsdesk
Comstock Inc. (NYSE:LODE) announced that its subsidiary, Comstock Northern Exploration, has entered into a Mineral Exploration and Mining Lease Agreement with Mackay Precious Metals Inc. The agreement involves leasing the northernmost patented mining claims, mineral exploration rights, and town lots controlled by Comstock in the Comstock Mining District located in Storey County, Nevada.
July 06, 2023 | 10:04 am
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Comstock Inc. has entered into a mining lease agreement with Mackay Precious Metals Inc. This could potentially increase Comstock's revenues and profitability in the short term.
The mining lease agreement allows Comstock to lease its mining claims and exploration rights, which could lead to increased revenues from the lease payments. This could potentially boost Comstock's profitability in the short term, leading to a positive impact on its stock price.
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