BUZZ-Comstock falls on renewable fuels unit spin-off, reverse stock split plans

Updates

** Shares of clean energy firm Comstock LODE.A down 49.3% at 27 cents

** Co says it is evaluating a number of strategic options for 2025, including a spin-off of Comstock Fuels

** Says it would result in two public companies, a renewable metals and mining company headquartered in Nevada and a renewable fuel company headquartered in Oklahoma

** LODE adds it is holding a special meeting on Feb. 14, where shareholders will be asked to vote on a proposal that effectively increases its authorized shares, including a reverse stock split

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com;
Twitter: https://twitter.com/TanayDhumal))