05:01 AM EDT, 08/13/2025 (MT Newswires) -- Comstock (LODE) said late Tuesday it has priced its underwritten public offering of about 13.3 million common shares at $2.25 per share for total proceeds of about $30 million.

The underwriter has been granted a 30-day option to purchase up to 2 million additional shares.

Proceeds from the offering, which is set to close this Thursday, will be used for capital expenditures related to the commercialization of its first industry-scale facility for Comstock Metals, development expenses and general corporate purposes.

Shares of Comstock were down more than 17% in recent premarket activity Wednesday.

Price: 2.48, Change: -0.54, Percent Change: -17.88