05:08 PM EDT, 06/09/2025 (MT Newswires) -- Comstock (LODE) said Monday it has amended an agreement to sell the Northern Targets assets owned by its subsidiary Comstock Northern Exploration, plus a 25% membership interest that Comstock owns in Pelen, to Mackay Precious Metals.

The amendment increases the purchase price to $2.95 million in cash from $2.75 million in cash and stock, Comstock said, adding the move increases the cash component of the deal by $1.2 million.

Comstock said it received $1 million in cash for the deal and the remaining $1.95 million is due via payments in June, July and ending on or before Aug. 30.

Under the amendment, Mackay will also transfer 300 acres of mining properties in Lyon County for no additional consideration, Comstock said.

The deal also has a 1.5% net smelter return production royalty from sales of minerals and products extracted from the assets, Comstock said.

Comstock shares were rising 1.7% in recent after-hours activity.