• Mackay Gold & Silver agreed to buy Comstock’s Nevada mining assets in the Comstock District, expanding its land position 70% to 4,343 hectares.
• Deal terms: USD 20 million cash at closing, 2 million shares, then USD 7 million within 18 months in cash or shares.
• Includes Lucerne and Dayton oxide deposits with 2022 S-K 1300 historical estimates totaling 605,000 oz gold and 5.88 million oz silver measured and indicated.
• Assets include the permitted American Flats heap-leach and Merrill-Crowe processing facility with about 4,500 tpd capacity, currently on care and maintenance.
• Comstock retains an NSR royalty; Mackay can buy it back for USD 3.5 million, rising to USD 7 million if a contingent payment window lapses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mackay Gold & Silver Corp. published the original content used to generate this news brief on June 22, 2026, and is solely responsible for the information contained therein.