Comstock Inc. has completed the previously announced sale of its Nevada mineral, mining, processing and mining-district-related real estate entities to Mackay Precious Metals Inc., a wholly owned subsidiary of Mackay Gold & Silver Corp. The transaction is valued at more than $45 million and is intended to further consolidate the Comstock District. Comstock received $20 million in cash and 2 million common shares of Mackay Gold & Silver, currently valued at approximately $4.5 million, and expects to record a gain of approximately $10 million to $12 million without incurring cash taxes. The sale covers four subsidiaries, all mining claims, town lots, processing facilities, operating permits and water rights. Mackay assumed the related reclamation obligations, liabilities, deposits and collateral. Comstock retains a 1.5% net smelter return royalty on minerals and products sold from the properties, a secured $7 million second-tranche payment due within 18 months, and potential additional consideration of $10 million if Mackay builds a mine on the properties or completes a change-of-control transaction valued at at least $500 million within seven years. The divestiture is expected to reduce payroll, permitting, environmental compliance and related costs by approximately $1.5 million annually as Comstock focuses on solar recycling and renewable materials.