Comstock has retired its existing equity purchase agreement and entered into a new securities purchase agreement with an investor for an 8.0% convertible promissory note due October 31, 2025. The note has a principal amount of $2.717 million, purchased for $2.50 million, with an 8% original issue discount. Part of the proceeds will be used to redeem $500,000 of existing convertible debt, reducing the company's outstanding obligations.