Comstock tumbles on stock offering launch

Comstock

28/01/2026 21:22

** Clean energy firm Comstock Inc's LODE.A shares down 15% to $3
    post-market after planned equity raise news

    ** Virginia City, Nevada-based firm commences stock offering; deal size not disclosed

    **
    Co intends to use net offering proceeds to fund capex for its metals business, any remainder for general corporate purposes

    ** Titan Partners sole bookrunner

** With ~51.4 mln shares outstanding, co has about $180 mln market cap

** Shares ended down 1.9% at $3.53 on Weds. Stock down 6% to begin the year after 53% fall in 2025

** Two analysts covering the stock rate it "hold" with PTs of $4 and $6.75, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))