Comstock Corporation (NYSE: LODE) has officially appointed Donald A. Colvin, Steven Y. Bae and Robert M. Spence as independent directors, effective immediately, according to a statement released by the company. Colvin will join the company's Audit and Finance Committee after receiving the necessary approvals. During the transition period, Walter "Del" Matyn II will serve as non-executive chairman; Christine Sranina will take over the role after the company's 2027 annual general meeting. William J. Nance and Matyn have pledged not to seek re-election at the 2027 AGM. The appointment stems from a dialogue between the company and its shareholders, including MAK Capital Fund Limited Partnership and Gratia Capital LLC.

Colvin currently serves as a director of Maxeon Solar Technologies, Inc. and is also the chairman of the audit committee and an independent director of Viavi Solutions and Agilysys companies. He has served as chief financial officer of Caesars Entertainment, ON Semiconductor and Atmel. Mr. Bae is the founder and chief investment officer of Gratia Capital, an investment firm founded in Los Angeles in 2012. He previously served as Vice President of Canyon Capital Advisors and was with Bain Capital Private Equity. Mr. Spence currently serves as a director of Ecobat, a battery recycling company. From 2019 to 2024, he served as Senior Vice President, General Counsel and Secretary of Skyline Champions, and previously worked in legal-related roles at Nuna Enterprises and SPX. Comstock, which specializes in solar panel recycling and metal refining, is able to extract materials such as silver, aluminum and gold from end-of-life photovoltaic modules.