Comstock Stock Price, News & Analysis

Comstock Inc. (NYSE: LODE) reported its full year 2022 results and 2023 outlook, emphasizing commercial readiness in renewable fuels, AI technologies, and metals recycling. Notable achievements included the production of advanced carbon-neutral fuels with yields nearing 100 gallons per dry tonne of biomass, and significant advancements in AI for materials discovery. Financially, the company experienced a net loss of $46.7 million in 2022, up from $24.6 million in 2021, attributed mainly to rising research and operational costs. Comstock aims for revenue generation through licensing deals in 2023, with a focus on executing commercial agreements and enhancing technology readiness.

Quantum Generative Materials has launched ZENO, a generative AI that accelerates material simulations significantly faster than conventional methods. This technology assesses vital material properties such as conductivity and magnetic features, optimizing product development. A specialized team of scientists and engineers supports ZENO's capabilities using advanced computing platforms. The CEO emphasized ZENO's potential to lower trial and error costs and foster material discovery. GenMat, founded in 2021, aims to revolutionize material development and is backed by Comstock Inc. (NYSE: LODE), expanding its capabilities in material simulation.

Comstock Inc. (NYSE: LODE) announced that David Winsness, President of Comstock Fuels, will present at the 2023 Advanced Bioeconomy Leadership Conference (ABLC) on March 22, 2023, in Washington, D.C. Winsness will receive the Bioeconomy 500 award for his leadership in the bioeconomy. The conference focuses on technologies supporting the circular bioeconomy. Comstock’s patented technology utilizes unused woody biomass to produce high yields of carbon-neutral fuels, including cellulosic ethanol and Bioleum™, offering significant financial incentives for decarbonization. The company aims to license these technologies to early adopters.

Comstock Inc. (NYSE: LODE) will host a conference call on March 16, 2023, at 1:15 p.m. PDT to discuss its 2022 year-end results and business updates. The event will include a moderated question and answer session, and participants are encouraged to register in advance. Comstock focuses on technologies aimed at global decarbonization and circularity, converting under-utilized resources into renewable fuels and advanced materials. Investors can expect insights on future market conditions, exploration activities, and potential business opportunities during the call.

Comstock Inc. (NYSE: LODE) announced the sale of its LiNiCo subsidiary's facility in McCarran, Nevada, for $27 million. This deal allows Comstock to realize net proceeds of approximately $12.5 million, turning a prior $12 million cash obligation into a cash inflow. The facility, which was leased for $15.25 million, is pivotal for LiNiCo's lithium-ion battery recycling operations. Comstock expects to leverage its new battery storage facility in Mound House, enhancing its capacity in the electrification supply chain. The company aims to expand its technologies and pilot operations, targeting growth in recycling critical metals.

Comstock Inc. (NYSE: LODE) announced the appointment of Dr. Fortunato Villamagna as President of Comstock Metals Corporation, overseeing its Li-Ion battery metals recycling business. Corrado De Gasperis, CEO, emphasized Villamagna's extensive experience in technology development and battery chemistries. With over 40 years in renewable energy and hazardous materials, Dr. Villamagna has led initiatives in emissions control and recycling technologies. His prior role as CEO of Paragon Waste Solutions highlights his expertise in waste management. This appointment aims to enhance Comstock's operations and technology leadership in Nevada.

Comstock Inc. (NYSE: LODE) announced today, February 2, 2023, that CEO Corrado De Gasperis will participate in a panel at the Nevada Clean Energy & Transportation Conference in Reno, NV. The discussion will focus on manufacturing within the electrification supply chain. De Gasperis emphasized the importance of recycling critical battery-grade minerals to reduce fossil fuel dependence. The company also received a $2 million grant from the U.S. Department of Energy to develop a pre-pilot scale system for producing renewable fuels from biomass, promising improved yield and efficiency over conventional methods.

Comstock Inc. (NYSE: LODE) has received a $2 million grant from the U.S. Department of Energy to develop a pre-pilot scale system aimed at producing renewable fuels from biomass. The project will demonstrate a new pathway yielding over 80 gallons of renewable fuels per dry ton of feedstock at lower costs and improved efficiency. Collaborators include industry and academic leaders like Marathon Petroleum and the University of Nevada Reno. CEO Corrado De Gasperis emphasizes the potential for significant job creation and environmental benefits while supporting the Biden Administration's 2050 climate goals.

Comstock (NYSE: LODE) will be represented by its Executive Chairman and CEO, Corrado De Gasperis, at the 2023 Vancouver Resource Investment Conference on January 29-30, 2023. The company reports a consolidation of its properties in the Comstock and Silver City mining districts, now holding 605,000 ounces of gold and 5,880,000 ounces of silver in Measured and Indicated resources, with additional Inferred resources. Comstock collaborates with Quantum Generative Materials LLC to enhance mineral discovery through AI technology, aiming to streamline exploration costs and improve resource categorization. The company controls twelve square miles of mining claims, strengthening its market position.