Comstock Sells Northern Mining Targets to Mackay Precious Metals Inc.
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Comstock Inc. has sold its Northern Mining Targets to Mackay Precious Metals Inc. for $2.75 million and a 1.5% NSR production royalty. This includes mining claims, exploration rights, and a stake in Pelen LLC.
December 20, 2024 | 12:45 pm
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Comstock Inc. has sold its Northern Mining Targets to Mackay Precious Metals for $2.75 million and a 1.5% NSR royalty, potentially impacting its asset portfolio and future revenue streams.
The sale of the Northern Mining Targets for $2.75 million and a 1.5% NSR royalty could positively impact Comstock's financials by providing immediate cash and future revenue from royalties. This transaction may enhance Comstock's focus on other strategic areas.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100