Comstock Announces Completion of Debt Settlement

The discussion highlighted a systems-based strategy for sustainable metals, solar panel recycling, and renewable fuels, emphasizing recent financial milestones, unique technology, and strong market positioning. Plans include scaling operations, leveraging regulatory trends, and expanding both domestically and internationally.

Based on Comstock Inc. [LODE] Fireside Chat Audio Transcript — Nov. 18 2025

A sustainable resource company detailed its systems-based strategy, financial turnaround, and innovative solar panel recycling and biofuel technologies. With strong regulatory tailwinds and exclusive partnerships, it is scaling operations in key U.S. markets and exploring global expansion.

Based on Comstock Inc. [LODE] Fireside Chat Audio Transcript — Nov. 18 2025

Vancouver, British Columbia--(Newsfile Corp. - November 11, 2025) - Comstock Metals Ltd. (TSXV: CSL.H) ("Comstock" or the "Company") announces that the Company has agreed to settle $244,055 owing to Lambent Consulting Inc. (a company owned by Steven Goldman, Chief Executive Officer of the Company) through the transfer of 283,784 common shares in the capital of Trident Resources Corp. ("Trident Shares").

The number of Trident Shares transferred was based on the closing price of $0.86 on November 10, 2025. The amount owing to Lambent Consulting Inc. reflects the principal and interest owing pursuant to a loan disclosed in the Company's press release dated August 31, 2023.

Following completion of the foregoing settlement, the Company will hold a total of 593,591 Trident Shares.

Mr. Goldman and his consulting company is considered to be a "related party" (within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101")), making the transaction a "related party transaction" (within the meaning of MI 61-101) (the "Related Party Transfer"). The Company was exempt from obtaining a formal valuation for, and minority approval of, the Related Party Transfer pursuant to Section 5.5(b) and 5.7(1)(e) of MI 61-101, respectively. The settlement transaction was approved by the disinterested directors of the Company.

The completion of the settlement transaction remains subject to receipt of approval from the TSX Venture Exchange.

About Comstock Metals Ltd.

Comstock Metals Ltd. is a publicly traded company which formerly operated as a mining exploration company in Canada but is currently focused on identifying new opportunities.

Forward Looking Statements

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

For more information about Comstock Metals Ltd., please refer to Comstock's website at www.comstock-metals.com or contact:

Steven H. Goldman

President, CEO and Director

COMSTOCK METALS LTD.

Cell Phone: (416) 917-1533

Email: s.goldman@goldmanhine.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273975

Revenue declined year-over-year due to mining lease termination, but metals recycling operations expanded and significant capital was raised, improving liquidity. Net loss narrowed slightly, and the company extinguished several legacy obligations while advancing industry-scale projects in metals and renewable fuels.

Original document: Comstock Inc. [LODE] SEC 10-Q Quarterly Report — Oct. 30 2025

Raised $34.5M in equity, eliminated all debt, and fully funded industry-scale solar recycling. Bioleum secured $33M in investments and advanced commercialization. Mining segment monetized assets and expanded mineral holdings, with strong outlooks for all divisions.

Original document: Comstock Inc. [LODE] SEC 8-K Current Report — Oct. 30 2025

Virginia City, Nevada--(Newsfile Corp. - October 28, 2025) - Comstock Inc. (NYSE: LODE) ("Comstock" and the "Company") today announced today that it will be participating as a Silver Sponsor at the 51st Annual New Orleans Investment Conference at the Hilton New Orleans Riverside November 2-5, 2025. Judd B. Merrill, CFO of Comstock Inc. and President of Comstock Mining, will be presenting on Monday, November 3rd, from 3:50 p.m. - 4:10 p.m., in Area 1 of the Exhibit Hall. Our team will be in Booth 316 and looks forward to networking with investors and attendees.

The New Orleans Investment Conference gathers some of the world's brightest and most successful analysts, newsletter writers and investors. This year's event will highlight all major asset classes, including Equities.

About The New Orleans Investment Conference

The New Orleans Investment Conference is the one place where the world's most sophisticated investors gather every year to discover new opportunities and strategies, exchange ideas, plan for the coming year and enjoy the camaraderie of like-minded individuals in America's most fascinating and entertaining city.

Headliners at the New Orleans Conference over the last 50 years have included Lady Margaret Thatcher, former President Gerald Ford, novelist Ayn Rand, General H. Norman Schwarzkopf, Nobel Prize-winning economists Milton Friedman and F.A. Hayek, Dr. Henry Kissinger, Senator Barry Goldwater, Admiral Hyman Rickover, Louis Rukeyser, Sir John Templeton, Lord William Rees-Mogg, Charlton Heston, Jeane Kirkpatrick, Robert Bleiberg, Jack Kemp, William F. Buckley, General Colin Powell, Ron Paul and J. Peter Grace, among hundreds of other notables.

This year's speakers' line-up includes Matt Taibbi, Rick Rule, Mary Katharine Ham, Danielle DiMartino Booth, Brent Johnson, George Gammon, Peter St. Onge, Viva Frei, Robert Kiyosaki, Peter Boockvar, Jim Bianco, Jim Iuorio, Adam Taggart, Peter Schiff, Adrian Day, Mike Maloney, Alex Green, Dave Collum, Robert Prechter, Robert Helms, and Russ Gray.

PLUS Mark Skousen, Lawrence Lepard, Jordan Roy-Byrne, Dan Oliver, Jeff Phillips, Lobo Tiggre, Tavi Costa, Nick Hodge, Chris Powell, Dana Samuelson, Jennifer Shaigec, Rich Checkan, Thom Calandra, Mary Anne & Pamela Aden, Omar Ayales, Bill Murphy, Gerardo Del Real, Steve Hochberg, Albert Lu, Lindsay Hall...Kerry Stevenson, and more, including Brien Lundin, host of this illustrious event.

Don't miss out. Register for the 51st Annual New Orleans Investment Conference by clicking here.

About Comstock Inc.

Comstock Inc. (NYSE: LODE) innovates and commercializes technologies, systems and supply chains that enable, support and sustain clean energy systems by efficiently, effectively, and expediently extracting and converting under-utilized natural resources into reusable metals, like silver, aluminum, gold, and other critical minerals, primarily from end-of-life photovoltaics. To learn more, please visit www.comstock.inc.

Comstock Social Media Policy

Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its X.com, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Contacts

For investor inquiries:

Judd B. Merrill, Chief Financial Officer

Tel (775) 413-6222

ir@comstockinc.com

For media inquiries:

Zach Spencer, Director of External Relations

Tel (775) 847-7573

media@comstockinc.com

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential" and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future market conditions; future explorations or acquisitions; divestitures, spin-offs or similar distribution transactions, future changes in our research, development and exploration activities; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, divestitures, spin-offs or similar distribution transactions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; business opportunities, growth rates, future working capital, needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments, and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious and other metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; challenges to, or potential inability to, achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology and efficacy, quantum computing and generative artificial intelligence supported advanced materials development, development of cellulosic technology in bio-fuels and related material production; commercialization of cellulosic technology in bio-fuels and generative artificial intelligence development services; ability to successfully identify, finance, complete and integrate acquisitions, spin-offs or similar distribution transactions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund, or any other issuer.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272335