Exhibit 10.4

OMNIBUS COMMON STOCK PURCHASE SECOND WARRANT AMENDMENT

This Omnibus Common Stock Purchase Warrant Second Amendment (this "Amendment"), dated as of August 8, 2025, is entered into by and between Comstock Inc., a Nevada corporation (the "Company"), and Georges Trust ("Holder"). Capitalized terms used in this Amendment but not otherwise defined herein shall have the respective meanings ascribed to them in the Warrants (as defined below).         

RECITALS:

WHEREAS, the Company and GHF, Inc. entered into (i) that certain Common Stock Purchase Warrant, dated as of December 15, 2022, as amended on April 22, 2024, (ii) that certain Common Stock Purchase Warrant, dated as of December 15, 2022, as amended on April 22, 2024, and (iii) that certain Common Stock Purchase Warrant, dated as of August 22, 2022, as amended on April 22, 2024 (collectively, the "Warrants");

WHEREAS, the Company adopted a l-for-10 reverse stock split effective February 24, 2025, with trading on a split-adjusted basis beginning February 25, 2025;

WHEREAS, GHF, Inc. has distributed the Warrants to Holder;

WHEREAS, pursuant to the Warrants, the Holder is entitled to purchase 120,000 shares of the Stock at an exercise price of $4.56 per share on or prior to December 31, 2025 (the "Expiration Date"); and

WHEREAS, the Company and the Holder desire to amend the Warrants to extend the Expiration Date from December 31, 2025 to December 31, 2027.

NOW THEREFORE, in consideration of the foregoing and the mutual covenants, and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

I. Amendments to Warrants.

Section I (a) of each of the Warrants is hereby amended by deleting it in its entirety and inserting the following in lieu thereof:

"Procedural Requirements. This Warrant may be exercised in whole or in part at any time from the Issue Date until 5:00 p.m., Eastern Standard Time on December 31, 2027. In order to exercise this Warrant, the Holder shall deliver to the Company (A) the Purchase Form attached hereto as Exhibit A, duly completed and executed; (B) payment of the Exercise Price for the Warrant Shares; and (C) this Warrant upon receipt of the foregoing items, the Company shall execute or cause to be executed and deliver or cause to be delivered to the Holder, a certificate or certificates representing the aggregate number of full Warrant Shares issuable upon such exercise, together with cash in lieu of any fraction of a share, as hereinafter provided. The stock certificate or certificates so delivered shall be in such denomination or denominations as the Holder shall request and shall be registered in the name of the Holder or, subject to the restrictions on transfer set forth herein, such other name as shall be designated in the notice. This Warrant shall he deemed to have been exercised and such certificate or certificates shall be deemed to have been issued, and the Holder or any other person so designated shall be deemed to have become a holder of record of such shares for al I purposes, as of the date the notice, together with the Exercise Price and this Warrant, are received by the Company as described above. If this Warrant shall have been exercised in part, the Company shall, at the time of delivery of the certificate or certificates representing Warrant Shares, deliver to the Holder a new Warrant evidencing the right of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant, or, at the request of the Holder, appropriate notation may be made on this Warrant and the same returned to the Holder."

2.    Full Force and Effect. Except as expressly modified by this Amendment, all of the terms, covenants, agreements, conditions and other provisions of the Warrants shall remain in full force and effect in accordance with their respective terms. This Amendment shall not constitute an amendment or waiver of any provision of the Warrants except as expressly set forth herein. Upon the execution and delivery hereof, the Warrants shall thereupon be deemed to be amended and supplemented as hereinabove set forth as fully and with the same effect as if the amendments and supplements made hereby were originally set forth in the Warrants, and this Amendment and the Warrants shall henceforth be read, taken and construed as one and the same instrument, but such amendments and supplements shall not operate so as to render invalid or improper any action heretofore taken under the Warrants. As used in the Warrants, the terms "this Note," "herein," "hereinafter," "hereto," and words of similar impo11 shall mean and refer to, from and after the date of this Amendment, unless the context requires otherwise, the Warrants as amended by this Amendment.

3.    Governing Law. This Amendment, and all claims arising out of or relating to it, shall be governed by and construed in accordance with the laws of the State of Nevada, excluding that body of law relating to conflict of laws.

4.    Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute one instrument.

IN WITNESS WHEREOF, the Company and the Holder have caused this Amendment to be executed as of the day and year as first written above.

GEORGES TRUST

By:     /s/ Gestrust SA         

Gestrust SA as Trustee of Georges Trust

Comstock Inc.

By:    /s/ Corrado DeGasperis

Name: Corrado DeGasperis

Title: Executive Chairman and CEO

Address: 117 American Flat Road

P.O. Box 1118

Virginia City, Nevada 89440

degasperis@comstockmining.com

degasperis@comstockinc.com