Comstock Inc. filed a Form 8-K on November 4, 2026, disclosing both its third-quarter 2026 operating results and a Board-authorized share repurchase program covering up to 15,000,000 shares of common stock.

Key Highlights

  • Repurchase cap: The Board authorized the purchase of up to 15,000,000 shares of common stock in the aggregate.
  • Ownership percentage: The 15,000,000 shares represent approximately 19.7% of presently issued and outstanding common stock, according to the filing.
  • Treasury stock treatment: All repurchased shares will become treasury stock.
  • Program flexibility: The program may be modified, suspended, or discontinued at any time and does not obligate the company to purchase any particular number of shares.
  • Q3 results also announced: The company separately announced results of operations for the third quarter ended September 30, 2026, furnished as Exhibit 99.1.
  • Signing authority: The filing was signed by Corrado De Gasperis, Chief Executive Officer.

Comstock Board Approves Discretionary Share Repurchase Program

On November 4, 2026, Comstock Inc. (NYSE American:LODE) reported via a current report that its Board of Directors had authorized a share repurchase program permitting the company to buy back up to 15,000,000 shares of its common stock in the aggregate. According to the filing, that figure represents approximately 19.7% of the company's presently issued and outstanding common stock.

The filing states that "the manner, timing, price and volume of repurchases will be determined by the Company at its discretion, subject to market conditions, relevant securities laws and other factors." The company disclosed that the program carries no guarantee as to the exact number of shares that will ultimately be repurchased, if any, and that it "does not obligate the Company to purchase any particular number of shares." All shares repurchased under the program will be classified as treasury stock.

In the same filing, under Item 2.02, Comstock disclosed results of operations for the third quarter ended September 30, 2026. The company noted that the accompanying press release, attached as Exhibit 99.1, is "furnished" rather than "filed" with the SEC and therefore is not to be considered filed for purposes of the Securities Exchange Act of 1934. No specific financial figures from the quarterly results were included in the body of the 8-K itself. The company's principal executive offices are listed at 500 Damonte Ranch Pkwy, Ste 980, Reno, Nevada 89521, reflecting a change from its former address in Virginia City, Nevada.

What Was Disclosed

Comstock Inc. disclosed a Board-authorized repurchase program for up to 15,000,000 shares (approximately 19.7% of shares outstanding) and announced third-quarter 2026 operating results, both communicated through a press release furnished as Exhibit 99.1.