Comstock Inc. Enters Master License Agreement with Gresham’s Eastern (Pvt) Ltd

Comstock Inc. (NYSE:LODE) announced on February 12, 2025, that its subsidiary, Comstock Fuels Corporation, has signed a significant agreement with Gresham’s Eastern (Pvt) Ltd, an engineering and construction company looking to develop renewable energy projects in Pakistan.

According to the terms of the Master License Agreement, Comstock Fuels has granted Gresham a master non-exclusive license to its intellectual property for the purpose of developing, financing, building, and managing renewable fuels production facilities in Pakistan. Additionally, Gresham has received limited exclusive rights to market projects based on the licensed intellectual property in the region, subject to meeting specific commercialization milestones.

Furthermore, the agreement stipulates that Gresham is required to ensure that the owner of each licensed facility executes a separate site-specific license agreement with Comstock Fuels. This agreement allows for the direct use of the licensed intellectual property to produce and sell renewable fuels and related products. Under the terms of the Site License Agreements, the Producer will issue equity to Comstock Fuels and pay monthly royalty fees based on the total sales of licensed products, with additional costs for engineering support services.

A detailed description of the Master License Agreement has been provided, and the company has made available the press release related to this significant development. The agreement is seen as a strategic move by Comstock Inc. to expand its presence in the renewable energy sector through collaborations with Gresham in Pakistan.

This information was shared in a Form 8-K filing with the Securities and Exchange Commission. For more details and specifics regarding the Master License Agreement, interested parties are directed to the relevant documents attached to the Form 8-K filing.

The financial statements and exhibits associated with this agreement have been duly filed as required. The official signatory for Comstock Inc., Corrado De Gasperis, Executive Chairman, and Chief Executive Officer, signed off on this report dated February 13, 2025.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Comstock’s 8K filing here.

Comstock Company Profile

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. It will develop technology for the deploying of extraction and refining facilities that convert wasted and unused biomass and other natural resources; and a demonstration system to extract black mass containing lithium, graphite, nickel, cobalt, manganese, copper, aluminum, and other metals from up to lithium-ion batteries.