Mercury Clean Up Pilot Project Commences in Nevada; MCU’s Second Unit Shipped To Philippines
Comstock Mining Inc. (NYSE American: LODE) and partner Mercury Clean Up LLC have initiated a Mercury Clean Up Pilot Study at Baltimore-Maryland waste dumps, following approval from the Nevada Division of Environmental Protection. The project aims to process mercury-contaminated materials using innovative remediation technology. Additionally, Comstock is advancing its 50-50 joint venture, MCU Philippines Inc., and has invested $1 million for a mercury remediation system to rehabilitate the Naboc River in the Philippines. The company anticipates future growth and cash flow from these efforts.
- Initiated Mercury Clean Up Pilot Study targeting contaminated dumps.
- Received approval from the Nevada Division of Environmental Protection.
- Investment of $1 million in MCU Philippines Inc. for mercury remediation.
- Collaborating with local government for remediation projects in the Philippines.
- None.
VIRGINIA CITY, N.V., Oct. 08, 2020 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (NYSE American: LODE) and its wholly-owned subsidiary, Comstock Processing LLC (collectively, the “Company” or “Comstock”) and partner Mercury Clean Up LLC (“MCU”), a strategic investee, announced today, that it has commenced its Mercury Clean Up Pilot Study targeting the old Baltimore-Maryland waste dumps located on American Flat, in immediate proximity of MCU’s mercury remediation technology and system. This follows approval from the Nevada Division of Environmental Protection (“NDEP”) that granted a final Engineering Design Change (“EDC”) associated with an As-Built Report for the Mercury Clean Up Pilot operating within Comstock’s existing Water Pollution Control Permit -NEV2000109, including the application of process solution and within its fully contained, double-lined platform.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bcfecdd3-1265-410b-8c22-124c07456703
Mr. Paul Clift, MCU CEO stated, “Our setup of the MCU process plant and DAF components is now complete, including all connections on the recycle pump to the DAF unit and the ‘Bag Filtration’ unit and the landing and installation of our operating, on-site containerized Lab. With NDEP’s approval now in hand, we are ready to start test processing mercury contaminated materials and proving our efficacy.”
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/75984079-7671-4173-abb9-b171f2ab27e1
Oro Industries has also manufactured a second unit, a state-of-the-art mercury remediation system, scheduled to arrive into Davao City on October 12, 2020 (pictured below as it was being prepared for and loaded into the shipping container), for our newly created entity, MCU Philippines Inc (“MCU-P”). Comstock previously announced that it had formed MCU-P, a new 50-50 joint venture between the Company and MCU, and has invested its first
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e48a7a5-c442-4177-9fc8-03080c94bcf7
Mr. Corrado De Gasperis, Executive Chairman and CEO stated, “The MCU team has the Comstock system installed and ready for operation while the second system is en route to Davao. We expect the arrival of the second system into Davao City next week and we are coordinating start up activities with our joint venture partner. We are excited to commence operations, remediate mercury, prove efficacy, and generate sustained growth and positive cash flows.”
About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining that is currently commercializing environment-enhancing, precious-metal-based technologies, products and processes for precious metal recovery. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The Company’s goal is to grow per-share value by commercializing environment-enhancing, precious-metal-based products and processes that generate predictable cash flow (throughput) and increase the long-term enterprise value of our northern Nevada based platform.
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Contact information:
Comstock Mining, Inc.
P.O. Box 1118
Virginia City, NV 89440
ComstockMining.com
Corrado DeGasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com
Zach Spencer
Director of External Relations
Tel (775) 847-5272 ext.151
questions@comstockmining.com
