Comstock Completes Acquisition of Haywood Quarry

Core Insights - Comstock Inc. has completed the acquisition of the Haywood quarry industrial and mineral properties for $2.2 million in cash and stock, enhancing its mineral portfolio and operational capabilities in Lyon County, Nevada [1][2] Company Developments - The Haywood property spans approximately 190 acres and is strategically located near the Company's existing mineral properties, including the Dayton gold and silver resource [1][2] - The acquisition is expected to support mining activities at Dayton and provide post-mining industrial property in one of Lyon County's largest industrial parks [2] Historical Context - The Comstock Lode, discovered in 1859, historically produced over 8 million ounces of gold and 192 million ounces of silver from depths exceeding 3,000 feet [2] - The Company has consolidated significant portions of the historic Comstock Lode mining district and has conducted extensive geological studies and drilling [2][3] Geological and Operational Insights - The Company has performed extensive geological mapping and drilling, particularly in the Lucerne and Dayton resource areas, and has characterized the mineralized material [4] - A third-party S-K 1300 Technical Report Summary for the Dayton gold and silver resources was published in November 2022, indicating ongoing efforts in economic analysis and mine planning [4][5] Future Plans - The Company's 2025 initiatives include applying economic analysis to existing resources and progressing towards preliminary economic feasibility for the broader Dayton resource complex [5]