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RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading real estate company specializing in the development, acquisition, operation, and management of mixed-use, transit-oriented properties and data center developments, today announced that, effective October 1, 2026, all management and operational responsibilities for the JW Marriott Reston Station hotel will transition from Crescent Hotels & Resorts ("Crescent") to Davidson Hospitality Group (.

RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading real estate company specializing in the development, acquisition, operation, and management of mixed-use, transit-oriented properties and data center developments, today announced the signing of a 12,000-square-foot retail lease with Backspin at 43811 Central Station Drive in Loudoun Station. Backspin will introduce a new entertainment and social destination to Loudoun Station, bringing togethe.

RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading real estate company specializing in the development, acquisition, operation, and management of mixed-use, transit-oriented properties and data center developments, today announced the signing of a 6,400-square-foot office lease with the Council for Exceptional Children (“CEC”) at The Hartford, located at 3101 Wilson Boulevard in Arlington, Virginia. The Council for Exceptional Children is a pro.

 | Source: Comstock Inc.

VIRGINIA CITY, Nev., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock,” “our” and the “Company”) today announced it has closed the previously announced transaction under which Mackay Precious Metals Inc. (“Mackay”), a wholly owned subsidiary of Mackay Gold & Silver Corp. (TSXV: MACK, OTCQB: MKGSF), acquired 100% of Comstock's mineral, mining, processing and mining-district-related real estate entities, with the aggregate transaction valued at more than $45 million. Comstock has now received $20 million in cash and 2 million common shares (TSX-V: MACK.V) of Mackay Gold & Silver Corp. currently valued at approximately $4.5 million and we expect to record a gain in a range of approximately $10 million to $12 million. The gain on the sale is not expected to result in any cash taxes.

The transaction included the sale of all four of the Company’s mining subsidiaries – Comstock Mining LLC, Comstock Processing LLC, Comstock Exploration and Development LLC, and Comstock Real Estate Inc. – including all mining claims (patented and unpatented), town lots, processing facilities, operating permits and water rights. Mackay also assumed all of the reclamation obligations and other liabilities associated with the sold entities, along with all associated reclamation and surety bond deposits and collateral.

“This transaction completes another critical objective in our transformation from a hard rock junior mining company into a growing, global, renewable metals and materials company. The transaction enhances balance sheet liquidity, reduces company-wide operating costs and realizes accretive value for our shareholders. This continues our strategy of allocating resources to fund our solar recycling production and growth in a manner that seeks to avoid shareholder dilution,” stated Corrado De Gasperis, Comstock’s CEO. “Closing this transaction simplifies our business, focuses our capacity, and reduces costs while retaining upside through both equity in Mackay Gold & Silver Corp. and future gold and silver NSR royalties.”

A secured, second-tranche payment of $7 million is due within 18 months.

Per the sales agreement, Comstock retains a 1.5% NSR royalty from sales of silver, gold, and all other valuable minerals and products extracted from the sold properties, subject to the terms of the Royalty Agreement which was executed at closing. Mackay has the option to buy out the royalty at any time for $3.5 million in cash. Comstock will further share in the success of Mackay’s exploration and development activities through a contingent payment of $10 million if, within seven years following closing, (i) Mackay makes a decision to proceed with the construction of a mine on any of the properties, or (ii) Mackay is sold, merged, or otherwise participates in a change-of-control transaction with aggregate consideration of at least $500 million. If the contingent payment does not occur, the value of the NSR buy out doubles to $7 million after seven years.

The divestiture will reduce ongoing payroll, permitting, environmental compliance, and related costs for maintaining these mining assets, resulting in an estimated $1.5 million in annual operational savings.

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 and renewable fuels and other forms of energy.

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 a 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
[email protected]

For media inquiries:
Zach Spencer, Director of External Relations
Tel (775) 847-7573
[email protected]

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,” “forecast,” “seek,” “target,” “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 financial, natural, and social gains; future prices and sales of, and demand for, our products and services; 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, joint ventures, strategic alliances and business combinations; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings of equity or debt securities; and 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. 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 or any other issuer.

RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading real estate company specializing in the development, acquisition, operation, and management of mixed-use, transit-oriented properties and data center developments, announced today that Venardos Circus will return to Loudoun Station this fall with ALICE, an all-new Broadway-style, animal-free circus production running from September 17 through October 4, 2026. Following its appearance at Loudoun.

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Reston Station property records ~$11M penthouse sale; 2nd record-breaking transaction of 2026

RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), in partnership with McWilliams|Ballard, today announced that the full-floor penthouse crowning the JW Marriott Residences Reston Station (the “Residences”) has sold for $10.9 million, establishing a new record for the highest-priced condominium sale in Virginia history. This is the building's second record-breaking sales transaction in 2026, surpassing the $10.25 million value set by a residence in the Residences earlier this year that had shattered the previous mark by more than $4 million.

“This record-setting sale reflects the extraordinary appeal of both Reston Station and the JW Marriott Residences,” said Chris Masters, Partner at McWilliams|Ballard.

Share The record-setting transaction was led by Matt Cummings, Sales Director at McWilliams|Ballard. Occupying the entire top floor of the 28-story luxury tower, the groundbreaking residence was custom designed in collaboration with its buyer and delivers 360-degree views across Northern Virginia, including sight lines that reach from Tysons to the Blue Ridge Mountains and beyond.

"We started the design and build out of this penthouse almost two years ago, and to see it go from concept drawings to one of the most spectacular homes in the area has been an incredible journey. It's rare to have the opportunity to help a buyer build something this personal in such a sought after community,” said Matt Cummings.

“This record-setting sale reflects the extraordinary appeal of both Reston Station and the JW Marriott Residences,” said Chris Masters, Partner at McWilliams|Ballard. “The buyer had the opportunity to purchase anywhere, yet chose to create a one-of-a-kind home here—combining bespoke design, legendary JW Marriott service, and unmatched regional access. It is a testament to Comstock’s vision for Reston Station: a world-class, mixed-use destination that has become the nexus for luxury living in Northern Virginia.”

The settlement caps a remarkable stretch for the Residences, which have now generated more than $115 million in sales since opening and account for the two highest condominium sale prices ever recorded in Virginia. Momentum has continued to build alongside the release of newly staged models, as buyers seek a turnkey ownership experience in an urban, transit-oriented setting backed by the signature hospitality that is synonymous with the JW Marriott brand and Comstock ethos.

“This latest record is another important milestone for Reston Station and reflects the demand we continue to see for a truly differentiated residential experience in Northern Virginia,” said Chris Clemente, Chairman and CEO of Comstock. “When we envisioned the JW Marriott Residences, our goal was to create something unlike anything else in the market, combining exceptional residences and hospitality with the connectivity, amenities and energy of Reston Station. To see the Residences break their own Virginia sales record within the same year is a strong validation of that vision.”

Positioned in the heart of Comstock’s Reston Station atop the JW Marriott Reston Station Hotel, the JW Marriott Residences offer a collection of 90+ spacious condominium homes ranging from one-bedroom plus den to expansive three-bedroom floorplans, crowned by a limited collection of penthouses. Each residence is curated with refined designer finishes, blending contemporary sophistication with timeless appeal. Owners enjoy a fully serviced lifestyle, including 24-hour concierge, valet service, professional community management, a membership to the VIDA Fitness and Spa in Reston Station, and exclusive access to JW Marriott hotel services such as in-residence catering and housekeeping. Additional amenities include multiple resident lounges, a state-of-the-art fitness studio, a rooftop dog park, and immediate access to Reston Station’s premier dining and retail offerings.

About Reston Station

Reston Station is among the largest and most prominent mixed-use, transit-oriented developments in the Mid-Atlantic region, spanning approximately 90 acres across the Dulles Toll Road and surrounding the Wiehle-Reston East Station on Metro’s Silver Line. It features multiple Trophy-Class office buildings that serve as the global, national, or regional headquarters for industry leaders, including Google, Booz Allen Hamilton, ICF International, CARFAX, and numerous others. Reston Station also includes two BLVD-branded, 400+ unit luxury high-rise apartment towers as well as Virginia’s first and only JW Marriott – a 28-story tower that includes the world-class JW Marriott Reston Station hotel and the ultra-premium JW Marriott Residences, both which are setting the new standard for luxury in the D.C. region. Signature dining, retail, and wellness options include a 55,000-square-foot VIDA Fitness and Spa, Founding Farmers, Davio’s Northern Italian Steakhouse, Starbucks, CVS, and more. Coming soon will be Ebbitt House, the first-ever expansion of D.C.’s iconic Old Ebbitt Grill brand. For more information, please visit RestonStation.com.

About Comstock

Comstock (Nasdaq: CHCI) is a leading real estate company specializing in the development, acquisition, operation, and management of mixed-use, transit-oriented properties and data center developments. With over four decades of industry expertise, Comstock’s vertically integrated operating platform delivers long-term value across a rapidly growing portfolio of premier properties that includes two of the most prominent mixed-use, transit-oriented developments in the Mid-Atlantic region. Leveraging its scalable, asset-light, debt-free business model, Comstock has strategically expanded into large-scale AI and digital infrastructure development and established an active position in one of the real estate industry's top-performing segments. For more information, please visit Comstock.com.

About McWilliams|Ballard

McWilliams|Ballard is a leading new homes firm specializing in the sales, leasing, marketing, and strategic positioning of condominium, townhome, apartment, and mixed-use communities. Headquartered in Alexandria, Virginia, the firm has spent 30 years partnering with developers, builders, institutional owners, and capital partners across 15 states, guiding communities from initial concept and product design through the final closed sale or lease. Its fully integrated platform pairs on-site expertise with in-house marketing, market research, and pricing strategy, giving clients a single accountable team at every stage of the development cycle. McWilliams|Ballard has sold more than $16 Billion in new residential real estate and currently represents over 50 communities across the Mid-Atlantic and beyond, including several of the region's most recognized luxury addresses. The firm's consulting and research practice is relied upon by some of the most renowned developers, lenders, and investment groups in the country. For more information, please visit www.mcwb.com.

More News From Comstock Holding Companies, Inc.

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Comstock Inc. (LODE) Q2 2026 Earnings Call Transcript

Comstock Inc. (LODE - Free Report) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to a loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -8.33%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually produced a loss of $0.14, delivering a surprise of +22.22%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

COMSTOCK INC, which belongs to the Zacks Waste Removal Services industry, posted revenues of $0.27 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 80.16%. This compares to year-ago revenues of $0.34 million. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

COMSTOCK INC shares have added about 5.1% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for COMSTOCK INC?While COMSTOCK INC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for COMSTOCK INC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.09 on $8.38 million in revenues for the coming quarter and -$0.41 on $24.56 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Waste Removal Services is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Quest Resource (QRHC - Free Report) , has yet to report results for the quarter ended June 2026.

This recycling company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Quest Resource's revenues are expected to be $64 million, up 7.5% from the year-ago quarter.

RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading real estate company specializing in the development, acquisition, operation, and management of mixed-use, transit-oriented properties and data center developments, today announced that seven of its managed commercial properties have received 2026 Kingsley Excellence Awards, a prestigious recognition for delivering exceptional service to tenants and maintaining outstanding levels of overall tena.

VIRGINIA CITY, Nevada, July 16, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) (“Comstock” and the “Company”) is pleased to announce that the Company's CEO, Corrado De Gasperis, and CFO, Judd Merrill will be providing current business updates and an overview of our second quarter 2026 financial results on Thursday, July 23, 2026, at 4:30pm ET. We invite all investors and other interested parties to register for the webinar at the link below.

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AI solutions company adds to Reston Station's growing roster of leading technology firms

RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading real estate company specializing in the development, acquisition, operation, and management of mixed-use, transit-oriented properties and data center developments, today announced the signing of a 3,000-square-foot office lease at 1900 Reston Metro Plaza in Reston Station with Virtualitics, a leading provider of AI-powered decision intelligence solutions.

"We are pleased to welcome Virtualitics to Reston Station," said Tim Steffan, Chief Operating Officer of Comstock.

Share Virtualitics builds AI-powered platform applications designed to transform enterprise and government decision-making. Headquartered in Pasadena, California and spun out of a decade of robust data science, Virtualitics turns complex data into trusted insights that strengthen decision-making and keeps missions on track.

The new office location in Reston Station will support Virtualitics' continued growth in the Northern Virginia market and provide direct access to the region's highly skilled technology and government contracting workforce.

"Northern Virginia is a critical hub for the communities we serve," said Kristy Friedrichs, Chief Operating Officer at Virtualitics. "Establishing our Reston office strengthens our ability to collaborate more closely with customers, recruit exceptional talent, and continue scaling the delivery of our AI readiness capabilities that support mission success."

The addition of Virtualitics further strengthens Reston Station's position as a premier destination for innovative employers seeking to attract and retain talent by providing an accessible workplace environment with convenient access to transportation, hospitality, dining, and wellness amenities.

"We are pleased to welcome Virtualitics to Reston Station," said Tim Steffan, Chief Operating Officer of Comstock. "As organizations increasingly seek highly connected, amenity-rich environments that support innovation and collaboration, Reston Station continues to attract industry-leading companies."

Reston Station is among the largest and most prominent mixed-use, transit-oriented developments in the Mid-Atlantic region, spanning approximately 90 acres across the Dulles Toll Road and surrounding the Wiehle-Reston East Station on Metro’s Silver Line. It features multiple Trophy-Class office buildings that serve as the global, national, or regional headquarters for industry leaders, including Google, Booz Allen Hamilton, ICF International, CARFAX, and numerous others. Reston Station also includes two BLVD-branded, 400+ unit luxury high-rise apartment towers as well as Virginia’s first and only JW Marriott – a 28-story tower that includes the world-class JW Marriott Reston Station hotel and the ultra-premium JW Marriott Residences, both which are setting the new standard for luxury in the D.C. region. Signature dining, retail, and wellness options include a 55,000-square-foot VIDA Fitness and Spa, Founding Farmers, Davio’s Northern Italian Steakhouse, Starbucks, CVS, and more. Coming soon will be Ebbitt House, the first-ever expansion of D.C.’s iconic Old Ebbitt Grill brand. For more information, please visit RestonStation.com.

About Comstock

Comstock (Nasdaq: CHCI) is a leading real estate company specializing in the development, acquisition, operation, and management of mixed-use, transit-oriented properties and data center developments. With over four decades of industry expertise, Comstock’s vertically integrated operating platform delivers long-term value across a rapidly growing portfolio of premier properties that includes two of the most prominent mixed-use, transit-oriented developments in the Mid-Atlantic region. Leveraging its scalable, asset-light, debt-free business model, Comstock is strategically expanding into large-scale AI and digital infrastructure development to establish a active position in one of the real estate industry's top-performing segments. For more information, please visit Comstock.com.

More News From Comstock Holding Companies, Inc.

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July 07, 2026 16:15 ET  | Source: Comstock Inc.

VIRGINIA CITY, Nev., July 07, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) (“Comstock” and the “Company”) today announced that Corrado De Gasperis, CEO of Comstock, will participate in the upcoming Water Tower Research Fireside Chat Series taking place on Thursday, July 9, 2026, at 11:00 a.m. Eastern Time.

The Fireside Chat will be hosted by Peter Gastreich, Managing Director at Water Tower Research, covering the following topics:

Systems-based strategies and decision processes: De Gasperis’ philosophy behind Comstock’s systems-based approach and how the Company targets unsolved, industry-wide problems and constraints for high impact and high value.Financial position, liquidity and non-dilutive capital resources: Transformation of the institutional capital base, capital redeployment, legacy mining and real estate monetization.Solar panel recycling (critical minerals extraction) opportunity: Innovation, differentiation, speed and leadership.Commercial ramp and economics: Commissioning Plant #001, enhancing revenue and throughput, and a novel metal extraction solution and its impact on plant economics and the system overall.National buildout and milestones: The Cambridge, Ohio facility, the seven-plant network thesis, and key milestones. This event is open access for all investors. Interested parties can register for the event through Water Tower Research at:

EVENT REGISTRATION

About Water Tower Research

Modernizing Investor Engagement Through Research-Driven Strategies. At WTR, we help companies and investors connect by creating expert information flow and strategies that are the foundation of a successful modern investor engagement platform. Our analysts and capital markets professionals bring decades of unrivaled Wall Street experience and insight to a new digital world of investor communications and engagement. Our research and investor content is open for everyone to access and distributed across traditional research aggregators like Bloomberg, FactSet, etc., proprietary direct distribution lists, social media, search engines, and our website. As a result, every institutional and retail investor has equal access to our high-quality company research. Our mission is to help companies proactively reach investors while bringing investors a consistent flow of quality information to help them understand our clients’ businesses, industries, and the investment opportunities they present. Visit our website for more information at Water Tower Research.

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
[email protected]

For media inquiries:
Zach Spencer, Director of External Relations
Tel (775) 847-7573
[email protected]

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,” “forecast,” “seek,” “target,” “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 financial, natural, and social gains; future prices and sales of, and demand for, our products and services; 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, joint ventures, strategic alliances and business combinations; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings of equity or debt securities; and 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. 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 or any other issuer.

RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use, transit-oriented properties, with an expanding presence in large-scale infrastructure and data center development, today announced its inclusion in the broad-market Russell 3000® Index, effective June 29, as part of the 2026 Russell US Indexes annual reconstitution. The Russell 3000® tracks the approximately 3,000 largest U.S.-listed stocks b.

Vancouver, British Columbia--(Newsfile Corp. - June 29, 2026) - Mackay Gold & Silver Corp. (TSXV: MACK) (OTCQB: MKGSF) ("Mackay" or the "Company") is pleased to announce that the first drill rig has been mobilized to site and the Company's initial 20,000-metre drill program has commenced at its 100%-owned Comstock District property in Nevada.

The Phase 1 drill program marks a significant milestone for Mackay, the start of the first ever large-scale, systematic exploration drilling along the Occidental-Brunswick Lode, a multi-kilometre vein system running parallel to the historic Comstock Lode (Figure 1). Plans for this Phase 1 program include:

Shallow RC drilling over a 1,000 m x 400 m area at Occidental South, targeting a zone of high-grade oxide gold-silver mineralization associated with strong gold-in-soil geochemistry

Deeper core drilling to test the depth projection of the Occidental-Brunswick Lode near to where the historic Sutro Dewatering Tunnel reportedly crossed a 30 m thick interval of the lode at a vertical depth of approximately 450 m below surface

The Phase 1 drill program is planned for between 80 to 100 drill holes with capacity to expand

"Seeing rigs turning on the ground is what this has all been building toward. After assembling the largest consolidated land package in the district's history, we are launching the first modern systematic exploration effort this historic district has seen," stated Darwin Green, CEO and Director.

"Our initial focus is the Occidental-Brunswick Lode, a compelling highly underexplored target that's been hiding in plain site for over a century. The Occidental-Brunswick Lode is a 3-mile-long mineralized structure, with the same strike, dip, and overall geological setting and character as the neighboring Comstock Lode that was mined to depths of over 3000 feet. We interpret post-mineral faulting to have down-dropped the Occidental-Brunswick relative to the Comstock, placing the richest portions of the lode at depth. The current drill program targets both near-surface oxide mineralization, which is low-grade by historical Comstock standards but high-grade in comparison to modern oxide gold deposits, and the deeper parts of the lode for the kind of very high-grade mineralization the historic Comstock District is best known for."

Phase 1 Program Details

The Phase 1 program consists of approximately 15,000 metres of Reverse Circulation ("RC") drilling and 5,000 metres diamond core drilling. The RC drill rig arrived on site June 17th, and drilling is now underway. The core drill rig is scheduled to arrive in early August. Assays will be reported as they are received, compiled, and verified, with reporting of first assay results currently projected for late summer. The Company looks forward to providing results and ongoing updates as the program advances.

At Occidental South, drilling will include step-outs at 50 m to 100 m spacing along 1000 meters of strike and 300 meters down dip of a zone of oxide gold-silver mineralization as defined in outcrop and limited drilling by previous operators (between 2018 and 2021). No prior modern exploration occurred in this area due to property boundary impediments and limitations. The mineralized zone is supported by strong gold-in-soil geochemistry across the entire length of an approximately 1,000 m long detailed soil grid (Figure 2). Majority of the RC drilling is planned with hole depths from 100 m to 250 m.

Photo 1: Drill rig assembled on site at Occidental South

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12351/303223_drill%20rigsonsite.jpg

Initial core drilling is designed to test the depth projection of the Occidental vein-structure at 100 m spacing, testing above, below, and either side of the historic Sutro Dewatering Tunnel intersection with the Occidental-Brunswick lode. The 4-mile tunnel was built in the late 1870's and connected to the 1,640-foot level of the main Comstock mines, allowing gravity flow drainage from the mines. The tunnel, which was oriented perpendicular to the strike of the main lodes, crosscut a 100 ft (30 m) wide interval of the Occidental-Brunswick Lode that was reportedly mineralized but considered below the cut-off grade at the time (estimated at approximately 8 g/t gold equivalent). The tunnel is no longer accessible and has never been drill-tested.

Mackay Gold & Silver Corp.

Mackay Gold & Silver Corp. is a Nevada-focused gold and silver exploration company with 100% control of a large, consolidated land package in one of America's richest, productive and oldest mining districts. With an estimated 8.2 million ounces of historical gold production and 192 million ounces of silver produced between 1859 and 1926 from so called 'bonanza lodes' that averaged 35 g/t gold and 726 g/t silver, the Comstock district is recognized as one of America's highest grade epithermal systems and an attractive setting for modern discovery. Led by an experienced team with a strong track record of discovery, development, and value creation, Mackay is well funded and committed to delivering shareholder value through disciplined exploration and responsible resource development.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Darwin Green, Chief Executive Officer and director of the Company, and a Qualified Person under NI 43-101. Mr. Green is not independent of the Company.

Further Information

For further information, please contact:

Mackay Gold & Silver Corp.
Suite 405, 375 Water Street,
Vancouver, British Columbia V6B 5C6
Canada

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

Cautionary Note Regarding Forward-Looking Information

This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes, among other things, information regarding: the ability of the Company to carry out its exploration and land consolidation strategies, the discovery potential for the Comstock District and the success of any market-making activities.

Readers are cautioned that forward-looking information is not based on historical facts but instead reflect management of the Company's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are, among other things, the following: the ability of the Company to obtain regulatory approval, changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; stock market volatility that may adversely affect the price of the Company's securities; the ability of the Company to carry out its exploration, land consolidation, and market-making activities as currently contemplated; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Figure 1. Planned RC and Core drilling target areas on the Occidental-Brunswick Lode.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12351/303223_7624cdbc04f90827_002full.jpg

Figure 2. Occidental South RC drill target area highlighting gold-in-soil geochemistry and area of past drilling at the southern end of the Occidental-Brunswick Lode.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12351/303223_7624cdbc04f90827_003full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303223

Source: Mackay Gold & Silver

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RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) ("Comstock" or the "Company"), a leading asset manager, developer, and operator of mixed-use, transit-oriented properties and large-scale infrastructure developments in the Washington, D.C. region, announced today that David Z. Hirsh has been appointed to its Board of Directors and will serve an initial term that expires at the Company's 2027 Annual Meeting of Stockholders.

Mr. Hirsh is a seasoned real estate investor with more than 30 years of experience across all major real estate product types in most major U.S. markets. He is a former Managing Director at Blackstone Inc., where he spent approximately 16 years in the firm's Real Estate Asset Management Group until his retirement in January 2018. During his tenure at Blackstone, his responsibilities included the day-to-day oversight and strategic management of Equity Office Properties, IndCor Industrial Properties, and the LXR Hotels and Resorts portfolio, as well as several investments in the retail and senior housing sectors. Prior to joining Blackstone, Mr. Hirsh spent approximately 15 years at Citigroup Inc., including six years in real estate asset management, where he led the hotel group, and five years in corporate finance specializing in corporate real estate and project lending.

Mr. Hirsh currently serves as an independent director and Chair of the Audit Committee of Seaport Entertainment Group Inc. (NYSE: SEG) and previously served on the board of directors for SILVERspac Inc. (Nasdaq: SLVR) from 2021 to 2023. He is currently an Independent Advisor to Town House Partners, a global real estate industry consulting provider, and from 2022 to 2024 served as Vice Chairman of Sterling Investors, a real estate investment firm that he joined in 2020 as a Strategic Advisor. Mr. Hirsh is also an Adjunct Professor and Vice Chair of the Advisory Board at the New York University Schack Institute of Real Estate.

"We are thrilled to welcome David, an accomplished real estate leader with deep institutional investment experience to our Board," commented Christopher Clemente, Chairman and Chief Executive Officer of Comstock. "His extensive background in commercial real estate and capital markets will be an invaluable asset to our leadership team."

Mr. Hirsh has been involved in several philanthropic efforts over his distinguished career, including leadership roles at non-profit organizations like the THANC Foundation and CaringKind, as well as trustee positions at Pace University and the Madison Square Park Conservancy. He earned a B.B.A. in Public Accounting from Pace University and an M.S. in Real Estate Development and Investment from New York University.

"Having spent my career in institutional real estate, I have sincere appreciation for what Comstock has built and accomplished," added Mr. Hirsh. "I'm excited to join the Board and work with their dynamic leadership team to help guide the Company's continued growth."

About Comstock

Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use, transit-oriented properties and large-scale infrastructure developments in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the Mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com.

More News From Comstock Holding Companies, Inc.

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Creates the largest consolidated mining claim package in the Comstock District's 167-year history, expanding Mackay's land position by 70% to 4,343 hectares (43 km²)

Unites the district's three major vein systems, the Silver City Lode, Occidental-Brunswick Lode and Comstock Lode, under single ownership for the first time

Adds two oxide gold-silver deposits supported by recent S-K 1300 historical estimates, plus numerous historical past-producing gold-silver mines

Includes a permitted heap-leach and Merrill-Crowe processing facility providing future development optionality

Vancouver, British Columbia--(Newsfile Corp. - June 22, 2026) - Mackay Gold & Silver Corp. (TSXV: MACK) (OTCQB: MKGSF) ("Mackay" or the "Company") is pleased to announce that it has entered into a definitive agreement with Comstock Inc. ("Comstock") for the purchase of 100% of Comstock's mining assets in Storey County and Lyon County Nevada, referred to herein as the Silver City Lode properties ("SCL Properties"). The acquisition expands Mackay's total land holdings by 70% to 4,343 ha (43 km2), consolidating the largest property package held by one company in Comstock District history.

Consideration will consist of US$20 million in cash and 2,000,000 common shares of Mackay ("Mackay Shares") on closing, followed by a further US$7 million payable within 18 months in a combination of cash and shares, plus contingent future consideration as detailed later in this press release. With a balance sheet of over US$60M, Mackay is fully financed to make all cash payments while retaining a very strong treasury to fund the Company's ongoing exploration objectives.

The SCL Properties are contiguous with the southern boundary of Mackay's existing land package, covering the entire, multi-kilometer strike length of the Silver City Lode and its southern projection into Spring Valley (Figure 1). The SCL Properties include numerous historical past-producing gold-silver mines and two established oxide gold-silver deposits with historical resource estimates dating to 2022, completed pursuant to the US S-K 1300 standards, as detailed below. The SCL Properties also include a permitted mine and processing infrastructure at American Flats.

"Land consolidation has been central to unlocking modern exploration of the Comstock District. By removing the property boundaries that have long fragmented this camp, we can test targets and structural continuations that previous operators could never pursue. This is a district that historically produced a large amount of gold and silver at very high grades, and that has seen remarkably little modern exploration, a rare combination that offers an attractive opportunity for significant new discoveries," stated Darwin Green, CEO and Director of Mackay. "In this one transaction, we are simultaneously unifying the main lodes (veins) in the Comstock District under single ownership for the first time, adding significant ounces and infrastructure, and de-risking the future of the project by securing development site optionality. As we integrate this new highly prospective land package into our medium to long-range exploration planning, the near-term focus for Mackay remains squarely on our initial 20,000-meter drilling program at the Occidental-Brunswick Lode that is just now getting underway."

Figure 1. Claim map of Mackay Gold & Silver Corp's mineral tenures in the historic Comstock District, Nevada, highlighting newly acquired ground from Comstock Inc.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12351/302311_af53637cc4513b24_001full.jpg

Historical Resources

The SCL Properties host two oxide gold-silver deposits with historical resource estimates prepared by previous owners in 2022. These include the Lucerne Deposit located on the Silver City Lode and the Dayton Deposit located approximately one mile south of the Lucerne Deposit along the interpreted southern projection of the Silver City Lode.

Lucerne Historical Resource

CategoryTonsAu GradeAg GradeContained 
AuContained 
Ag(oz/ton)(gpt)(oz/ton)(gpt)(ounces)(ounces)Indicated14,118,0000.0220.750.279.25312,0003,760,000Inferred9,489,0000.0220.750.227.53207,0002,092,000Dayton Historical Resource

CategoryTonsAu GradeAg GradeContained 
AuContained 
Ag(oz/ton)(gpt)(oz/ton)(gpt)(ounces)(ounces)Measured2,650,0000.031.030.2528.6380,000670,000Indicated7,620,0000.0280.960.196.51213,0001,450,000Inferred3,740,0000.0240.820.1294.4290,000480,000Total Lucerne and Dayton Consolidated

CategoryTonsAu GradeAg GradeContained 
AuContained 
Ag(oz/ton)(gpt)(oz/ton)(gpt)(ounces)(ounces)Total M & I24,388,0000.0250.850.248.32605,0005,880,000Total Inferred13,229,0000.0230.770.196.65297,0002,572,000Tons = US short tons
oz/ton = ounce per US short ton
gpt = gram per metric tonne

The Lucerne and Dayton Deposit resource estimates disclosed above are historical in nature and are treated as historical estimates under National Instrument 43-101 - Standards of Disclosure for Mineral Estimates ("NI 43-101"). A Qualified Person (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Mackay is not treating the historical estimate as current mineral resources, and the historical estimate should not be relied upon. It is being shared strictly for informational purposes. The Company believes that the historical estimate is relevant to an appraisal of the merits of the SCL Properties and forms a basis upon which to develop future exploration programs. While the historical estimate has not been independently verified by the Company, the public disclosure of the data and its preparation in accordance with S-K 1300 indicates that the historical estimate was prepared to a reasonably high standard.

The Lucerne estimate was prepared by Mine Development Associates ("MDA"), a division of RESPEC, in a technical report summary dated March 16, 2022. The estimated resource for the Lucerne Deposit is constrained within an open pit and reported at a cutoff grade of 0.005 ounces ("oz") gold ("Au") per ton. Pit design and cutoff grade are based on a gold price of $1,750/oz. The resource is based on data that includes 88,786 gold assays and 89,236 silver assays from a total of 477,099 feet of drilling (1,045 reverse circulation holes, 407 core holes, and 402 air track holes). Interpolation dominantly utilized inverse distance to the power of four (ID4).

The Dayton Deposit resource estimate was prepared by Behre Dolbear in a technical report summary dated November 1, 2022. The estimated mineral resource is constrained within an open pit economic shell based on a gold price of $1,800 per ounce and reported at a cutoff grade of 0.007 oz gold per ton.

The estimates and technical reports for the Lucerne and Dayton deposits were prepared in accordance with the disclosure and reporting requirements of the United States Securities and Exchange Commission's mining rules under subpart 1300 and item 601 (96)(iii) of Regulation S-K. While S-K 1300 and CIM standards utilized under NI43-101 are similar, including use of the same resource classification labels, potential differences exist.

In order to verify the historical estimate to a current mineral resource estimate, the Company will need to retain a Qualified Person to verify historical drilling and assaying methods and validate historical results, revise for current metal prices, add any drilling and assaying or other pertinent geological information generated since the last estimation, and complete a mineral resource estimate and a new technical report. There can be no assurance that any of the historical estimates, in whole or in part, will ever become economically viable.

American Flats Facilities

The fully permitted process facilities located at American Flats include a two-stage crushing circuit, including agglomeration drum and stacker, a heap leach facility, and a Merrill Crowe processing facility (~4,500 tpd). These facilities operated between 2012 and 2016, and since this time have been on care and maintenance.

A reclamation surety bond totalling approximately US$8.75M, including US$4M in cash collateral, is in place for the American Flats processing facility and Lucerne Mine. Upon closing of the acquisition, the approximately US$4M existing cash collateral for the surety bond, currently held within a dedicated interest-bearing account, will be assigned to Mackay or its subsidiary.

Terms of the Purchase Agreement

The Company and its wholly owned US subsidiary Mackay Precious Metals Inc., a Delaware corporation (the "Buyer") have entered into a Securities Purchase Agreement (the "Agreement"), dated as of June 21, 2026 (the Effective Date") with Comstock whereby the Buyer will acquire all of the issued and outstanding membership interests in Comstock Mining LLC, a Nevada limited liability company; Comstock Processing LLC, a Nevada limited liability company; and Comstock Exploration and Development LLC, a Nevada limited liability company (each, an "Acquired LLC" and collectively, the "Acquired LLCs"), and all of the issued and outstanding shares of capital stock of Comstock Real Estate Inc., a Nevada corporation ("CRE" and, together with the Acquired LLCs, the "Acquired Entities") (such membership interests in the Acquired LLCs and shares of capital stock of CRE, collectively, the "Acquired Interests").

The Acquired Entities own or control properties in Storey County and Lyon County, Nevada (the "Acquired Properties"), including patented and unpatented mining claims, town lots, processing facilities, operating permits and water rights, representing effectively all of Comstock's property interests and assets within the historic Comstock Mining District. The Acquired Properties are directly contiguous with Mackay's existing land package.

The Agreement and the acquisition of the Acquired Interests is subject to the approval of the TSX Venture Exchange (the "Exchange"). Closing of the transaction will take place on the fifth business day following Exchange approval and after satisfaction or wavier of the conditions set out in the Agreement, or such other date as Comstock and Mackay may mutually agree in writing (the "Closing Date").

Aggregate Purchase Price for the Acquired Interests

On closing, the Buyer will deliver to Comstock US$20,000,000 (the "Initial Payment") and issue 2,000,000 Mackay Shares (the "First Tranche Shares") subject to certain re-sale restrictions as outlined below.

Within 18 months following the Effective Date, the Buyer shall pay to Comstock US$7,000,000 (the "Second Tranche Payment"), with up to US$2,000,000 of the Second Tranche Payment payable in Mackay Shares (the "Second Tranche Shares"):

If the volume-weighted average trading price (the "VWAP") of the Mackay Shares on the Exchange for the twenty trading days ending three trading days prior to the date that the Buyer makes the Second Tranche Payment (the "VWAP Price") is between US$0.50 and US$1.00, the Buyer may, at its election, pay up to US$1,000,000 of the Second Tranche Payment by delivering to Comstock Second Tranche Shares at a deemed value per Second Tranche Share of the VWAP Price.

If the VWAP Price is above US$1.00, the Buyer may, at its election, pay up to US$2,000,000 of the Second Tranche Payment by delivering to the Comstock Second Tranche Shares at a deemed value per Second Tranche Share of the VWAP Price.

The Buyer shall pay the portion of the Second Tranche Payment which is not satisfied by the delivery of Second Tranche Shares to Comstock in cash.

If, at any time on or prior to the date that is seven years after the Closing Date, (i) the Buyer makes a construction decision in respect of a mine on any of the Acquired Properties, or (ii) a change of control of the Buyer or Mackay occurs, then the Buyer shall pay to Comstock US$10,000,000 in cash (the "Contingent Payment") no later than 90 days following the occurrence of such triggering event. The Contingent Payment shall be payable only once.

Share Trading Restrictions

The First Tranche Shares shall be subject to contractual transfer restrictions, to be implemented by restrictive legend and/or stop-transfer instructions, such that 25% of the First Tranche Shares shall become freely transferable on the date that is 18 months after the date of issuance, an additional 25% shall become freely transferable on the date that is 22 months after the date of issuance, an additional 25% shall become freely transferable on the date that is 26 months after the date of issuance, and the remaining 25% shall become freely transferable on the date that is 30 months after the date of issuance.

The Second Tranche Shares, if any, shall be subject to contractual transfer restrictions, to be implemented by restrictive legend and/or stop-transfer instructions, such that all of the Second Tranche Shares shall become freely transferable on the date that is 18 months after the date of issuance.

The First Tranche Shares and the Second Tranche Shares will also be subject to a hold period expiring four-months and one day following the date of issuance in accordance with applicable securities laws.

NSR Royalty

Comstock to retain a net smelter returns royalty (the "NSR Royalty") upon the Acquired Properties. The royalty rate of the NSR Royalty with respect to each part of the Acquired Properties (the "Royalty Rate") shall be 1.5% less the existing royalty burden on such part of the Acquired Properties as of the Effective Date; provided, that, with respect to any part of the Acquired Properties situated in Lyon County, Nevada (a "Lyon County Parcel"), the Royalty Rate shall not be less than 0.5% unless the existing royalty burden on such Lyon County Parcel as of the Effective Date is greater than 2.25%, in which case the total royalty burden on such Lyon County Parcel including the NSR Royalty shall not exceed 2.75%. For the avoidance of doubt, if the existing royalty burden on a Lyon County Parcel as of the effective date is 2.75% or greater, the Royalty Rate applicable to such Lyon County Parcel would be 0%.

The Buyer shall have the right at any time to repurchase 100% of the NSR Royalty for a payment of US$3,500,000, provided that if the seven-year period for the payment of the Contingent Payment has lapsed without the payment of the Contingent Payment, the royalty buyout payment shall be increased to US$7,000,000.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Darwin Green, Chief Executive Officer and director of the Company, and a Qualified Person under NI 43-101. Mr. Green is not independent of the Company. Mr. Green has not verified the historical data pertaining to the Acquired Properties disclosed in this press release, including the historical estimate, as such data is historical in nature and the original data is not readily available to the Company.

Mackay Gold & Silver Corp.

Mackay Gold & Silver Corp. is a Nevada-focused gold and silver exploration company with 100% control of a large, consolidated land package in one of America's richest, productive and oldest mining districts. With an estimated 8.2 million ounces of historical gold production and 192 million ounces of silver produced between 1859 and 1926 from so called 'bonanza lodes' that averaged 35 g/t gold and 726 g/t silver, the Comstock district is recognized as one of America's highest grade epithermal systems and an attractive setting for modern discovery. Led by an experienced team with a strong track record of discovery, development, and value creation, Mackay is well funded and committed to delivering shareholder value through disciplined exploration and responsible resource development.

On behalf of the Board of Directors

Darwin Green,
Chief Executive Officer and Director

Further Information

For further information, please contact:

Mackay Gold & Silver Corp.
Suite 405, 375 Water Street,
Vancouver, British Columbia V6B 5C6
Canada

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

Cautionary Note Regarding Forward-Looking Information

This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes, among other things, information regarding: the ability of the Company to carry out its exploration and land consolidation strategies and the timeline thereof, the discovery potential for the Comstock District, the ability of the Company to verify the historical estimates, the satisfaction of the conditions precedent under the Agreement and the closing of the acquisition of the Acquired Interests.

Readers are cautioned that forward-looking information is not based on historical facts but instead reflect management of the Company's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are, among other things, the following: the ability of the Company to obtain regulatory approval, changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; stock market volatility that may adversely affect the price of the Company's securities; the ability of the Company to carry out its exploration and land consolidation activities as currently contemplated; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302311

Source: Mackay Gold & Silver

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Comstock Resources is navigating market impatience as it evaluates the Western Haynesville discovery. CRK recently announced a $600M midstream investment and values its Pinnacle stake at $2.2B. Current high costs and operational variability in Western Haynesville are expected to improve as management gains knowledge and implements efficiency measures.

Key Takeaways Comstock sold a 27% stake in Pinnacle Gas Services for $600 million, valuing the business at $2.2 billion.The transaction strengthens CRK's financial flexibility by eliminating debt and preferred equity obligations.Comstock retained a 73% interest and could increase its ownership to 80.5% if certain return targets are met. Comstock Resources, Inc. (CRK - Free Report) announced the sale of a 27% equity stake in its midstream subsidiary, Pinnacle Gas Services, to the investment firm Sixth Street for $600 million. The transaction values Pinnacle at an enterprise value of approximately $2.2 billion, highlighting the underlying value of Comstock's midstream assets in the Western Haynesville. Following the transaction, CRK retains a 73% controlling interest, representing a value of roughly $1.6 billion, and continues to manage and operate the business.

The transaction strengthens Comstock's financial position as the proceeds were used to redeem Pinnacle's preferred equity securities, repay all outstanding debt and simplify its capital structure. As a result, Pinnacle's annual fixed charges are expected to decline approximately $40 million, supporting stronger future cash flows and profitability.

The deal enhances Comstock's exposure to growth by leveraging Pinnacle's midstream network across its 540,000 net Western Haynesville acres. This positions CRK to capitalize on surging natural gas demand from liquified natural gas ("LNG") exports, power generation and expanding data-center infrastructure. CRK also secures a strategic long-term partner while maintaining full operational control.

An additional benefit is the potential increase in Comstock's ownership stake. Upon Sixth Street achieving certain return targets, its interest could decline from 27% to 19.5%, increasing CRK's ownership from 73% to 80.5%. Overall, the transaction unlocks value from Comstock's midstream assets and brings stability to its business model and enhances investor appeal.

Comstock currently carries a Zacks Rank #4 (Sell).

The rising global demand for LNG is driving significant growth for companies involved in production and transportation of natural gas. This trend benefits YPF Sociedad Anónima (YPF - Free Report) and W&T Offshore, Inc. (WTI - Free Report) , which are engaged in natural gas production, as well as Kinder Morgan, Inc. (KMI - Free Report) , which is involved in natural gas transportation. WTI and KMI currently carry a Zacks Rank #2 (Buy) each, while YPF sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

As an integrated energy company, YPF has a strong foothold in Argentina’s Vaca Muerta formation, which supports production growth. In the coming quarters, YPF projects increased operational activity, which is expected to support higher oil and gas output in the second half of 2026.

Operating across 605,000 acres of the Gulf of America, W&T Offshore produces oil and natural gas across a diverse portfolio of offshore assets. With substantial proved and probable reserves, the company is well-positioned for nearly 20 years of steady production.

Kinder Morgan operates one of North America's largest natural gas infrastructure networks, consisting of approximately 58,600 miles of transmission pipelines, 6,800 miles of gathering systems and 1,300 miles of natural gas liquids pipelines. KMI transports nearly 40% of U.S. natural gas production and controls more than 700 billion cubic feet of storage capacity, representing roughly 15% of the nation's total storage capacity.

RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today highlighted a feature profile on Dwight Schar published by HousingWire that recognizes his enduring impact on the homebuilding industry and continued influence on Comstock's long-term strategy. The online feature provides a comprehensive look at Mr. Schar's career, including.

RESTON, Va.--(BUSINESS WIRE)--Comstock Acquires Woodland Pointe, Secures Full-Campus Lease with Peraton.

VIRGINIA CITY, Nev., April 30, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) (“Comstock” and the “Company”) is pleased to announce that the Company's CEO, Corrado De Gasperis, and CFO, Judd Merrill will be providing an overview of our first quarter 2026 financial results and current business updates on Thursday, May 7, 2026, at 4:30pm ET. We invite all investors and other interested parties to register for the webinar at the link below.

Comstock reported a $223 million free cash flow deficit in Q1 2026, including the impact of $55 million in midstream capex. While benchmark natural gas prices averaged near $5, Comstock realized $3.46 per Mcfe for its production during the quarter. Comstock had significant realized hedging losses in Q1 2026 and also dealt with temporarily wider regional differentials.

Comstock Resources (CRK) reported capital outspending and a production decline, triggering a 13% stock drop amid market skepticism. CRK is investing in delineating new Western Haynesville acreage. Management expects well delays that are part of the legacy Haynesville acreage to resolve in Q2.

Comstock Inc. (LODE - Free Report) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to a loss of $0.37 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +20.00%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually produced a loss of $0.24, delivering a surprise of -33.33%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

COMSTOCK INC, which belongs to the Zacks Waste Removal Services industry, posted revenues of $0.31 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 29.56%. This compares to year-ago revenues of $0.79 million. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

COMSTOCK INC shares have lost about 13% since the beginning of the year versus the S&P 500's gain of 7.6%.

What's Next for COMSTOCK INC?While COMSTOCK INC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for COMSTOCK INC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.13 on $4.83 million in revenues for the coming quarter and -$0.41 on $22.96 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Waste Removal Services is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Algorhythm Holdings, Inc. (RIME - Free Report) , another stock in the broader Zacks Business Services sector, has yet to report results for the quarter ended March 2026.

This company is expected to post quarterly loss of $0.73 per share in its upcoming report, which represents a year-over-year change of +84.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Algorhythm Holdings, Inc.'s revenues are expected to be $2 million, up 0.5% from the year-ago quarter.

2 hours ago

T3 Companies LLC Takes Position in Tesla, Inc. $TSLAT3 Companies LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,870 shares of the electric vehicle producer's stock, valued at approximately $841,000

NASDAQ:TSLA

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2 hours ago

T3 Companies LLC Buys Shares of 15,096 lululemon athletica inc. $LULUMarketBeat

T3 Companies LLC purchased a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,096 shares of the apparel retailer's

NASDAQ:LULU

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2 hours ago

Renaissance Group LLC Purchases New Position in Nextpower Inc. $NXTMarketBeat

Renaissance Group LLC purchased a new stake in shares of Nextpower Inc. (NASDAQ:NXT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 73,688 shares of the company's stock, valued at approximately $6,419,000. Other institutional

NASDAQ:NXT

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2 hours ago

Credo Technology Group Holding Ltd. $CRDO Stock Holdings Decreased by Renaissance Group LLCMarketBeat

Renaissance Group LLC lowered its position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 27.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,007 shares of the company's s

NASDAQ:CRDO

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2 hours ago

Renaissance Group LLC Has $9.54 Million Stock Position in Flex Ltd. $FLEXMarketBeat

Renaissance Group LLC lessened its position in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,814 shares of the technology company's stock after selling 16

NASDAQ:FLEX

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2 hours ago

Renaissance Group LLC Lowers Stake in Millicom International Cellular SA $TIGOMarketBeat

Renaissance Group LLC cut its holdings in Millicom International Cellular SA (NASDAQ:TIGO - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 180,034 shares of the technology company's stock after selling 21,873

NASDAQ:TIGO

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