07:04 AM EDT, 10/07/2024 (MT Newswires) -- Comstock (LODE) said it agreed to acquire substantially all the equity in Quantum Generative Materials, including its artificial intelligence materials discovery platform.

Financial details of the transaction were not disclosed.

Meanwhile Deep Interstellar Research, the holding company of Quantum's founder and former chief executive, Deep Prasad, will be receiving Quantum's consolidated satellite, mission control software, other related low earth orbit assets and space team.

Comstock and Quantum have agreed to terminate all of their previous agreements as part of the acquisition, the company said.