Comstock Portfolio Company Sierra Springs Opportunity Fund Has Engaged Newmark For Properties It Holds In Silver Springs, Nevada; Completion Of Any Development Partnership Or Transaction Is Not Guaranteed, With Future Updates Are Anticipated Through Q4 2026

Strategic Scope of Engagement

The engagement is intended to preserve strategic flexibility and maximize value. Steve Golubchik, Executive Vice Chairman and President, Western Region Capital Markets, leads Newmark’s relationship with SSOF and Comstock. Newmark will advise SSOF on development strategy for the powered lands and design and administer a competitive request-for-proposal process to identify and evaluate prospective development and operating partners.

Sierra Springs Land-Power-Compute Opportunity

SSOF is a qualified opportunity zone fund that owns Sierra Springs Enterprises, Inc. ("SSE"), a qualified opportunity zone business. Through SSE and its subsidiaries, SSOF owns or controls approximately 2,200 acres of land in Silver Springs, in addition to a leased manufacturing facility, the Silver Springs Regional Airport, significant water and sewer rights, and other infrastructure assets.