Welcome to our dedicated page for Comstock news (Ticker: LODE), a resource for investors and traders seeking the latest updates and insights on Comstock stock.
Comstock Inc. (symbol: LODE) is a pioneering, Nevada-based company engaged primarily in gold and silver mining, as well as strategic investments in advanced technologies. The company's core business spans multiple segments including fuels, metals, mining, and strategic investments aimed at creating sustainable and responsible solutions across a variety of industries.
Mining Operations: Established in 2003, Comstock Inc. began acquiring properties in the historic Comstock District. They have consolidated a significant portion of this district, acquiring extensive geological data, securing permits, and building essential infrastructure. Commercial production commenced in 2012, and the company continues to expand its footprint by acquiring additional properties for further exploration and development.
Renewable Energy and Sustainable Solutions: Comstock Inc. leverages wasted and under-utilized natural resources to produce renewable energy, thereby contributing to global decarbonization efforts. Their biorefining technologies are designed to convert biomass into renewable fuels with low carbon intensity, achieving industry-leading yields. Strategic investments in projects like the Green Li-Ion battery recycling and RenFuel's catalytic esterification technology help them advance their mission of creating net-zero solutions.
Advanced Technologies: Comstock's portfolio includes investments in Quantum Generative Materials LLC (GenMat), which uses physics-based AI to discover new materials at a fraction of the time and cost of traditional methods. This enables the rapid development of advanced materials crucial for various industrial applications, including clean energy and sustainable mining.
Recent Achievements: Comstock Inc. has recently achieved significant milestones, including the commissioning of their first zero-landfill solar panel recycling facility. They have also recorded initial revenues from this facility, demonstrating strong market demand. These recycling efforts ensure that valuable materials like silicas, glass, steel, and copper are recovered and reused, contributing to a circular economy.
Financial Health: The company has recorded investment gains exceeding $25 million and a full-year net income of over $10.5 million. They have also realigned their investment strategies to enable third-party financing, further strengthening their financial position.
Partnerships and Future Plans: Comstock Inc. maintains productive relationships with stakeholders and partners, such as GHF and Alvin. These partnerships enable them to capitalize on opportunities in solar panel recycling, commercializing biofuels, and expanding technology readiness. The company is also engaged in commercial discussions for joint developments and licensing agreements, aiming for future revenue growth from engineering services.
Comstock Inc. is committed to using innovative technologies to minimize environmental impact while maximizing resource efficiency, positioning itself as a leader in sustainable and responsible mining and renewable energy solutions.
Comstock Inc. (NYSE: LODE) has sold its Northern Targets mining properties to Mackay Precious Metals Inc. for $2.75 million plus a 1.5% NSR production royalty in perpetuity. The deal includes 100% of northernmost patented and unpatented mining claims in Storey County, Nevada, and Comstock's 25% stake in Pelen
The payment structure includes $1.3 million in immediate cash, $0.45 million due by February 15, 2025, and $1.0 million payable within 45 days of Mackay's public listing. Additionally, Comstock has received $3.2 million in lease payments since June 2023, with a final payment of $0.5 million due by February 15, 2025, bringing total consideration to nearly $6.5 million.
Comstock Inc. (NYSE: LODE) announced that its subsidiary Comstock Fuels has been awarded a $3 million incentive from Oklahoma's Quick Action Closing Fund. The company will establish its headquarters and construct a next-generation renewable fuel refinery in Oklahoma. The initial Demonstration Scale Facility will process 75,000 metric tons of biomass annually for renewable fuel production, with plans to expand to 1 million metric tons per year for sustainable aviation fuel (SAF) and other renewable fuels production.
The company is currently evaluating multiple locations throughout Oklahoma for the facility's construction. The state was chosen for its vast supplies of untapped woody biomass feedstock sources and its established leadership in the oil and gas sector.
Comstock Inc. (NYSE: LODE) has announced its participation in the NobleCon20 conference, with Executive Chairman and CEO Corrado De Gasperis scheduled to present on December 3, 2024, at 11:30am EST. The presentation will take place at Florida Atlantic University's Executive Education Complex in Boca Raton, Florida.
A high-definition video webcast of the presentation will be available the following day on multiple platforms, including Comstock's website, Noble Capital Markets' Conference website, and Channelchek.com. The webcast recording will remain accessible on these platforms for 90 days after the event.
Comstock Inc. (NYSE: LODE) announced an expansion of its licensing agreement with SACL Pte. into Vietnam for sustainable aviation fuel (SAF) and renewable fuels production. The agreement now covers four sites - three in Australia and one in Vietnam - with a total production capacity of over 460 million gallons of renewable fuels. The facilities will have an estimated total construction cost of over $4.0 billion, generating approximately $3.0 billion in annual sales at current prices. Comstock Fuels will receive a 20% equity stake in each Bioleum Refinery, plus 6% royalty fees on sales and 6% engineering fees on construction costs.
Comstock Inc. (NYSE: LODE) announced that its subsidiary, Comstock Fuels , has expanded its exclusive license agreement with RenFuel K2B AB. The amendment extends the territory from the Americas to include Australia, New Zealand, and Vietnam for RenFuel's patented catalytic esterification process used in refining Comstock's proprietary Bioleum biointermediates. This expansion aims to facilitate ongoing project development by licensees of Comstock Fuels' lignocellulosic biomass refining process. The technology integrates proven systems to create Bioleum Refineries, converting woody biomass into renewable fuels.
Comstock Inc. (NYSE: LODE) has announced the acquisition of 100% equity in GenMat Licensing (AICo) in exchange for its equity in Quantum Generative Materials (GenMat). AICo receives a non-exclusive end-user license to utilize GenMat's AI technologies for materials science, including satellite imaging and analytics related to Comstock's Nevada mining properties. The deal includes a credit against EULA payments equal to Comstock's historical investments in GenMat.
The company emphasizes the strategic importance of AI in materials science and mineral discovery, particularly for energy applications. GenMat will continue developing its commercial materials science discovery platform (ZENOMDP) and artificial general physics intelligence technologies (AGPI), focusing on applications that could enhance industrial processes and reduce development costs.
Comstock Inc. (NYSE: LODE) announced its third quarter 2024 results and corporate updates, highlighting significant progress across its fuels, metals, and mining businesses. Key developments include:
1. Comstock Fuels executed international agreements for three industry-scale fuel hubs, delivered commercial samples of Hydrodeoxygenated Bioleum Oil (HBO), and validated industry-leading yields of 125 Gasoline Gallon Equivalents per ton of feedstock.
2. Comstock Metals recorded its first revenues from recycled aluminum sales, secured contracts for solar panel decommissioning, and demonstrated 100% recovery of materials.
3. Comstock Mining updated its Dayton Mine plan and assessed profitable silver recovery from solar panels.
4. The company executed agreements with NREL and MIT for lignocellulosic biomass conversion technology and announced plans to acquire an AI materials discovery platform.
5. Comstock reported increased revenues of $1.4 million for the nine-month period ending September 30, 2024, and a net loss of $30.5 million.
Comstock Inc. (NYSE: LODE) has announced its upcoming Q3 earnings call scheduled for October 22, 2024, at 4:30pm ET. The call will feature Executive Chairman, Director & CEO Corrado De Gasperis and COO William McCarthy, who will provide business updates and third quarter financial results. The presentation will be followed by a live Q&A session.
Investors and interested parties are invited to join the webinar to learn about Comstock's innovative technologies and commercializing businesses focused on systemic decarbonization. Participants can register for the webinar through the provided link and submit questions beforehand via the registration form or by email at ir@comstockinc.com.
Comstock Inc. (NYSE: LODE) has released its Q3 2024 Stakeholder Perception Analysis Report, compiled by RB Milestone Group (RBMG). The report offers insights into the company's operational milestones and perceived strengths and weaknesses from stakeholders' perspectives. It includes a video recording of CEO Corrado De Gasperis addressing the results.
RBMG gathered data from an investor survey conducted between Comstock's Q2 earnings call on August 8, 2024, and September 30, 2024. The survey participants included current and prospective shareholders of various sizes. Comstock plans to publish these reports quarterly to increase transparency and strengthen relationships with shareholders.
Comstock Inc. (NYSE: LODE) has announced the execution of an Exclusive License Agreement (ELA) and Cooperative Research and Development Agreement (CRADA) with the National Renewable Energy Laboratory (NREL) for technologies to convert lignocellulosic biomass into aromatic sustainable aviation fuel (SAF). The agreements involve a three-year scope of work to develop an integrated process based on Comstock's existing technology and NREL's innovations.
Key points:
- Comstock's current process can produce up to 125 gallons of renewable fuel per dry metric ton of feedstock with low carbon intensity scores.
- The integration of NREL technologies could improve feedstock diversity, conversion yields, and product quality for SAF production.
- The CRADA aims to culminate in a pre-commercial pilot system, potentially leading to a 50,000 metric ton per year commercial demonstration facility.
- The ELA grants Comstock exclusive worldwide rights to use NREL technologies for processing seed plants into renewable fuels, subject to certain restrictions.
FAQ
What is the current stock price of Comstock (LODE)?
What is the market cap of Comstock (LODE)?
What is the primary business of Comstock Inc.?
How long has Comstock Inc. been operating in the Comstock District?
What are the main segments of Comstock Inc.?
What recent achievements has Comstock Inc. made?
Who are some of Comstock Inc.'s strategic partners?
What is the focus of Comstock Inc.'s renewable energy efforts?
How does Comstock Inc. contribute to environmental sustainability?
What financial milestones has Comstock Inc. recently achieved?
What are Comstock Inc.'s future plans?
Where can investors find more information about Comstock Inc.?
