Comstock gains on cash saving after settling two commitments

Comstock

25/03/2025 11:14

** Shares of U.S.-based clean energy firm Comstock LODE.A rise 3.5% to $2.68 premarket

** Company settles two outstanding strategic commitments due from IP and other asset acquisitions for its renewable fuels and metals businesses

** CEO says the "equity-based settlements resulted in material, restructured savings, enhanced liquidity and increased financial flexibility"

** Up till last close, stock has tumbled nearly 68% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))