Published: November 6, 2026 |

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Mackay Gold & Silver has completed its acquisition of 100 percent of Comstock’s mining assets in Storey County and Lyon County, Nevada. The acquisition expands Mackay’s total land holdings by 70 percent to 4,343 ha (43 km), consolidating the largest claim package held by one company in Comstock District history. The acquisition includes, mineral, mining, processing and mining-district-related real estate entities, with the aggregate transaction valued at more than $45 million.

The transaction included the sale of all four of the Comstock’s mining subsidiaries — Comstock Mining, Comstock Processing, Comstock Exploration and Development, and Comstock Real Estate — including all mining claims (patented and unpatented), town lots, processing facilities, operating permits and water rights. Mackay also assumed all of the reclamation obligations and other liabilities associated with the sold entities, along with all associated reclamation and surety bond deposits and collateral.

“The historic Comstock District hosted some of the most productive mining ground in nineteenth century America, and we believe there is a lot more gold and silver to be found. Since the company’s inception, Mackay has been intently focused on consolidation of the patchwork of mining properties that make up the district, which we view as a prerequisite to applying the type of modern, large-scale, systematic exploration the district deserves,” said Darwin Green, CEO of Mackay.

“The close of this acquisition is a pivotal advancement in this goal, uniting the district’s three major vein systems, the Silver City Lode, Occidental-Brunswick Lode, and Comstock Lode, under single ownership for the first time. The acquisition adds two oxide gold-silver deposits supported by recent S-K 1300 historical estimates, plus a permitted heap-leach and Merrill-Crowe processing facility providing future development optionality,” added Green.

“Mackay is well funded, and with two drill rigs already turning, our team is eager to unlock the Comstock’s potential,” concluded Green.

Mackay Gold & Silver is a Nevada-focused gold and silver exploration company with 100 percent control of a large, consolidated land package in one of America’s richest, productive and oldest mining districts. With an estimated 8.2 million ounces of historical gold production and 192 million ounces of silver produced between 1859 and 1926 from so called ‘bonanza lodes’ that averaged 35 g/t gold and 726 g/t silver, the Comstock district is recognized as one of America’s highest grade epithermal systems and an attractive setting for modern discovery. Led by an experienced team with a strong track record of discovery, development, and value creation, Mackay is well funded and committed to delivering shareholder value through disciplined exploration and responsible resource development.

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