Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 4, 2023

COMSTOCK INC.

(Exact Name of Registrant as Specified in its Charter)

Nevada

(State or Other

Jurisdiction of Incorporation)

001-35200

(Commission File Number)

65-0955118

(I.R.S. Employer

Identification Number)

117 American Flat Road, Virginia City, Nevada 89440

(Address of Principal Executive Offices, including Zip Code)

Registrant’s Telephone Number, including Area Code: (775) 847-5272

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.000666 per share

LODE

NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD.

On November 4, 2023, Comstock Inc. participated in the New Orleans Investment Conference in New Orleans, Louisiana. Corrado De Gasperis, chief executive officer, and Deep Prasad, chief executive officer and founder of Quantum Generative Materials LLC ("GenMat"), presented at the conference.

The materials utilized during the conference are attached hereto as Exhibits 99.1 and 99.2 and are available on the Company's website, www.comstock.inc/investors.

The information disclosed in Item 7.01, including Exhibits 99.1 and 99.2 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits


99.1						Presentation by Comstock Inc.
99.2						Presentation by Quantum Generative Materials LLC
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

COMSTOCK INC.

Date: November 6, 2023

By:

/s/ Corrado De Gasperis

Corrado De Gasperis

Executive Chairman and Chief Executive Officer

2© 2023 COMSTOCK INC | NYSE American: LODE PUBLIC RELEASE 2 • Comstock consolidated twelve square miles, covering 6.5 miles of strike length over the historic Comstock and Silver City lodes. • Historic, world-class production 8.2 million oz gold and 192 million oz silver. • Existing mineral resources. • Existing, permitted processing facility. • Numerous exploration projects and near zero probability that all gold and silver resources have been identified. We just need better tech to find it! Comstock Mineral Estate

3© 2023 COMSTOCK INC | NYSE American: LODE PUBLIC RELEASE CURRENT SK-1300’S ON MAJOR GOLD & SILVER RESOURCES Lucerne Resource 312,000 oz gold M&I from report by Respec (MDA) March 16, 2022. Comstock is not treating the Lucerne estimate as a current estimate of resources. Dayton Resource 293,000 oz gold M&I, 100% owned. DAYTON ESTIMATED IN-SITU MINERAL RESOURCES AS OF NOVEMBER 1, 2022 (0.007 OPT AU CUT-OFF) Tons Au (opt) Ag (opt) Contained1 Au (oz) Ag (oz) Measured 2,650,000 0.030 0.252 80,000 670,000 Indicated 7,620,000 0.028 0.190 213,000 1,450,000 Measured and Indicated 10,270,000 0.029 0.206 293,000 2,120,000 Inferred 3,740,000 0.024 0.129 90,000 480,000 1Slight differences may occur due to rounding

4© 2023 COMSTOCK INC | NYSE American: LODE PUBLIC RELEASE Diverse Portfolio of Technologies Enabling Systemic Decarbonization | PROFITABLY TARGETING NET ZERO üLow-Carbon Lignocellulosic Fuels üPhotovoltaic Panel Recycling üSustainable Mining üPhysics-based Artificial Intelligence üBattery Remanufacturing

5© 2023 COMSTOCK INC | NYSE American: LODE PUBLIC RELEASE PHYSICS-BASED GENERATIVE ARTIFICIAL INTELLIGENCE Company Estimates 1 – based on Company estimates of possible quantifiable resources located within the Company’s current holdings • Increase certainty in mineral discovery targets • Reduce costs of traditional drill programs • Increase support and discernment for identifying measured, indicated, and inferred mineral resources. Sustainable Mineral Discovery • Expand the resource to over 2 million ounces of gold1 • 100% owned, leased, permitted and royalty generating silver and gold resources in the historic, world-class Comstock Lode Expanded Resource Development High Precision Data and AI Analytics • Hyperspectral imager enables high precision prospecting • Developing atomistic modeling for enhanced future capability Sources:

6© 2023 COMSTOCK INC | NYSE American: LODE PUBLIC RELEASE PHYSICS-BASED GENERATIVE ARTIFICIAL INTELLIGENCE Company Estimates 1 – based on Company estimates of possible quantifiable resources located within the Company’s current holdings • 20th Century Witnessed the Manipulation of Data • 21st Century is Seeing the Manipulation of Matter • Nvidia, SpaceX, etc. Its already happening Simulate, Sense & Engineer Matter • Pioneering over the past three years • Geo-politically disruptive over the next three years Physics-AI Disrupt Geo-politics Physics-AI Proxy Economic Power • Impacts on GDP, productivity and security • Redefinition of capital allocation Sources:

GenMat: The Future of Physics AI Exhibit 99.2

Every Human Being Is A Physics Genius ⬢ Intuitive understanding of classical physics ⬢ Evolved intuition over billions of years ⬢ Sensing, simulation and engineering are strong suits 2

Physics Is A Proxy To Economic Power ⬢ Only 3 countries can build jet engines on their own: ⬢ USA, Russia and France ⬢ Only 1 country can create the best semiconductor chips: ⬢ Taiwan ⬢ Rare Earth Element (REEs) controlled ⬢ China 3

Physics AI Will Disrupt Geopolitics ⬢ Better sensing combined with Physics AI enables faster, cheaper resource exploration ⬢ Engineering advancements will happen faster with Physics AI ⬢ Physics AI will enable the on- shoring of supply chains 4

Commercializing The Manipulation Of Matter ⬢ Technology companies started in the 20th century focused on the manipulation of information ⬢ Google, Apple, Microsoft are examples ⬢ Technology companies of the 21st century will focus on the manipulation of matter! 5

Artificial General Physics Intelligence (AGPI) ⬢ AGPI is the superhuman ability to sense, simulate and engineer any form of matter ⬢ Better, cheaper and more reliable: ⬢ Energy; ⬢ Transportation; and ⬢ and Consumer Electronics. ⬢ AGPI will cause the cost of energy and intelligence to TREND towards zero ⬢ Countries who adopt Physics AI along the path to AGPI will secure their sovereignty ⬢ America will be the birthplace of AGPI (if we succeed) 6

Pipe Dream? Not Quite… ⬢ Creating products and services around new technical capabilities ⬢ Starting with teaching AI about the world of atoms ⬢ Researching and developing materials for photosynthesis, lithium ion batteries and superconductors today ⬢ Reducing the cost of mineral exploration ⬢ Engaged in enterprise discussions for use of our proprietary physics based AI product and materials synthesis services 7

8 GenMat Artificial Photosynthesis Materials and Reactor

9 Copper Dominated Nanoparticle Platinum Dominated Nanoparticle TiO2 Substrate What Our Physics AI (ZENO) Sees

Accurate predictions IN SECONDS 10 99% Accuracy of predicting optical property of TiO2 Validated with real- world measurements

ZENO Imagines and Suggest New Materials 11 ⬢ Task: de novo generation of layered Li-ion cathode structures [Li(Ni,Mn,Co)O2] with low formation energy ⬢ Result: Rapid generation of diverse low-energy candidates ⬢ ~ 1 second per structure out of ~ 1 million possible combinations of atoms ⬢ Accelerate high-throughput screening and sampling Lower formation energy

GENMAT-1 Satellite Developed 12

13 GENMAT-1 Planned Launch Early Nov, 2023 Going up on the SpaceX Falcon 9 Rocket Will fly over 500 km above surface of the Earth Makes a trip around the planet every 90 minutes

Next Steps ⬢ Using the GENMAT-1 Hyperspectral Remote Sensing Satellite, scan the Comstock Lode District ⬢ Apply our Physics AI to GENMAT-1 Data + 150 Years of Comstock Historical Data (at surface and depth) ⬢ Validate Existing Targets ⬢ Exploit Targets More Effectively ⬢ Partnering With Select Mines ⬢ Engineering New Materials (solid-state electrolytes for lithium ion batteries, artificial photosynthesis nanoparticles and new superconductors) 14

Cover	Nov. 04, 2023
Cover [Abstract]
Document Type	8-K
Document Period End Date	Nov. 04, 2023
Entity Registrant Name	COMSTOCK INC.
Entity Incorporation, State or Country Code	NV
Entity File Number	001-35200
Entity Tax Identification Number	65-0955118
Entity Address, Address Line One	117 American Flat Road
Entity Address, City or Town	Virginia City
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89440
City Area Code	775
Local Phone Number	847-5272
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, par value $0.000666 per share
Trading Symbol	LODE
Security Exchange Name	NYSEAMER
Amendment Flag	false
Entity Central Index Key	0001120970