Core Insights - Comstock Inc.'s strategic investee, Bioleum Corporation, has acquired Hexas Biomass Inc. for approximately $6.5 million, which includes stock, cash payments, and convertible debt [1] - Hexas specializes in high-yield energy crops with annual yields exceeding 25 to 30 dry metric tons per acre, significantly outperforming traditional forestry species [2] - The combination of Bioleum's refining platform and Hexas' crops can produce over 100 barrels of biofuel per acre annually, compared to only 2 and 10 barrels from soy and corn respectively [3] Company Overview - Hexas Biomass Inc. focuses on producing low-cost, plant-based raw materials that replace wood and fossil fuels, promoting ecological sustainability [7] - Bioleum Corporation develops technologies to convert lignocellulosic biomass into low-carbon fuels and operates commercial facilities in Oklahoma and pilot assets in Wisconsin [8] - Comstock Inc. innovates technologies for clean energy systems by converting under-utilized natural resources into reusable metals [9] Strategic Implications - The acquisition is expected to accelerate the commercialization and global deployment of Hexas' technologies in biofuels and other biobased applications [4] - Bioleum aims to enhance its refining solutions by integrating Hexas' proprietary feedstock model, ensuring a reliable supply of biomass [4] - The U.S. Department of Energy estimates that converting underutilized land into biomass farms could significantly increase renewable fuel production while reducing variability and risk [3]