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 secured a strategic investment from Marathon Petroleum for its subsidiary Comstock Fuels The $14 million investment includes $1 million in cash and $13 million in payment-in-kind assets from Marathon's renewable fuel demonstration facility in Madison, Wisconsin.
The collaboration aims to advance Comstock Fuels' lignocellulosic biomass refining technology to commercial maturity. This technology converts previously inaccessible biomass feedstock into 'drop-in' hydrocarbon fuels compatible with existing petroleum infrastructure. According to DOE estimates, the U.S. could produce up to 1 billion tons of biomass annually, potentially yielding over 3 billion barrels of fuel using Comstock's solutions.
The agreement includes board observation rights for Marathon, with plans to finalize offtake, joint development, and warrant agreements by May 31, 2025.
Comstock Inc. (NYSE: LODE) has scheduled its Q4 and full-year 2024 earnings conference call and business update for March 6, 2025, at 4:30 PM ET. The presentation will be led by Executive Chairman, Director & CEO Corrado De Gasperis and COO William McCarthy.
The company will host a webinar featuring a live presentation followed by a Q&A session. Investors and interested parties can submit their questions either through the registration form or by emailing ir@comstockinc.com.
Comstock Fuels, a subsidiary of Comstock Inc. (NYSE American: LODE), has expanded its exclusive license agreement with RenFuel K2B AB for their patented catalytic esterification process. The territorial expansion now includes all of Asia and Africa, extending beyond the original coverage of North America, Central America, South America, Australia, New Zealand, and Vietnam.
The expansion aims to support ongoing project development by licensees of Comstock Fuels' lignocellulosic biomass refining process. The partnership integrates RenFuel's catalytic esterification process with Comstock's Bioleum™ biointermediates technology, creating a new class of petroleum refinery called a Bioleum Refinery. This integration enables the refinement of woody biomass into renewable fuels, promising market-leading yields and profitability.
Comstock (NYSE: LODE) announced a 1-for-10 reverse stock split effective February 24, 2025, with trading on a split-adjusted basis beginning February 25, 2025. The move will reduce outstanding shares from approximately 237,675,779 to 23,767,578, while maintaining the authorized share count at 245,000,000.
The reverse split, approved by shareholders on February 14, 2025, will not alter stockholders' percentage ownership in the company, except for fractional shares which will be rounded up. Proportional adjustments will be made to equity compensation plans and outstanding warrants. The stock will continue trading under the symbol 'LODE' but with a new CUSIP number 205750409.
Management highlighted growth opportunities in Fuels and Metals divisions, noting attraction of sophisticated partners evaluating direct investments and deeper integrations.
Comstock Inc. (NYSE: LODE) has announced a definitive master license agreement between its subsidiary Comstock Fuels and Pakistan-based Gresham's Eastern for developing biomass refining facilities in Pakistan. The initial project involves a commercial demonstration facility in Lahore capable of processing 75,000 metric tons of biomass annually, marking Comstock Fuels' fifth licensed refinery project.
The facility will generate data for scaling up to a 1,000,000 metric tons per year commercial facility, targeting the growing sustainable aviation fuel (SAF) market. Pakistan produces approximately 100 million metric tons of agricultural residue biomass annually, potentially yielding 14 billion gallons of renewable fuels at Comstock Fuels' proven yields of up to 140 gallons per dry metric ton.
Under the agreement, Comstock Fuels will receive a 20% equity stake in each Bioleum Refinery, a 6% royalty fee on product revenues, and a 6% engineering fee on capital and construction costs. Gresham's secured exclusive marketing rights for Comstock Fuels' technologies in Pakistan, subject to meeting specific commercialization milestones.
Comstock Fuels, a subsidiary of Comstock (NYSE: LODE), has secured approval from the Oklahoma State Treasurer's Office to issue up to $152 million in qualified private activity bonds. This allocation represents a significant milestone for financing the company's first 400,000 barrel per year commercial demonstration facility in Oklahoma.
The approval includes allocations from Oklahoma's Economic Development Pool, Exempt Facilities Pool, and Carryforward Pool, with support from the Oklahoma Development Finance Authority (ODFA). The financing package also includes $3 million in direct Oklahoma-based grants. The company is finalizing the selection of an investment banking partner for bond placement and underwriting.
Comstock Inc. (NYSE: LODE) announced definitive agreements between Comstock Fuels and SACL Pte. , expanding their licensing agreement into Malaysia for renewable fuels production. The agreement grants SACL exclusive marketing rights in Australia, New Zealand, Vietnam, and Malaysia.
SACL has identified four sites for Bioleum™ Refineries with a combined capacity to produce over 400 million gallons of renewable fuel per dry metric ton. Under the agreement, Comstock Fuels receives a 20% equity stake in each refinery, 6% royalty on licensed product sales, and 6% engineering fees on construction costs.
The four planned refineries have an estimated construction cost of $4.0 billion and will produce approximately 280 million gallons per year of renewable fuels from biomass and 180 million GGE from vegetable oils, with projected annual sales of $3.0 billion at current prices.
Comstock Inc. (NYSE American: LODE) announced that its subsidiary, Comstock Fuels , has joined the BDO Zone Strategic Partners Network to accelerate biobased project development. The partnership combines BDO Zone Initiative's expertise in certifying regional readiness for biomanufacturing with Comstock Fuels' renewable fuel solutions.
The collaboration aims to speed up the identification, pre-certification, and deployment of qualified feedstocks and investment-grade sustainable fuel production sites. The BDO Zone Initiative provides technical and financial analysis of biomass feedstock availability, infrastructure readiness, and operational feasibility through standards-based regional readiness assessments.
The partnership is expected to reduce project development timelines and risks while increasing the success rate of new sustainable fuel facilities, helping meet North America's growing demand for renewable fuel solutions.
Comstock Fuels , a subsidiary of Comstock (NYSE American: LODE), has established its headquarters in Northwest Oklahoma City, securing the first $1 million of a $3 million grant from Oklahoma's Quick Action Closing Fund. This strategic relocation supports the company's expansion plans and development of renewable fuel facilities in the state.
The company plans to build its first 75,000 metric ton per year commercial demonstration facility in Oklahoma, focusing on producing cellulosic ethanol, gasoline, renewable diesel, sustainable aviation fuel (SAF), and other renewable fuels using proprietary biomass refining solutions. The remaining $2 million in grants will be disbursed as the company meets specific milestones, with the second payment triggered upon securing a location for the demonstration facility.
Comstock Fuels has executed an agreement with Hexas Biomass, securing exclusive rights to Hexas' intellectual properties in liquid fuels applications. The partnership combines Comstock's Bioleum refining technology, capable of producing up to 140 gallons per dry metric ton of feedstock, with Hexas' high-yield energy crops that can produce 25-30 dry metric tons per acre annually.
This combination enables production of approximately 100 barrels of fuel per acre per year, significantly outperforming traditional biofuel sources like soy and corn. The agreement includes a $500,000 strategic investment from Comstock into Hexas and plans for a joint development agreement. Comstock plans to demonstrate these capabilities at a 75,000 metric ton per year commercial facility in Oklahoma, including a 5,000-acre fuel farm using Hexas energy crop technologies.
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