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 Mining Inc. (NYSE: LODE) will host a conference call on May 12, 2021, at 8:00 a.m. PT to discuss its First Quarter 2021 results and provide a business update. Investors are encouraged to join 10-15 minutes early for the moderated Q&A session. The call can be accessed via a Zoom Webinar with ID 840 3861 2204. A recording will be available on the company website within 24 hours post-call. Comstock Mining focuses on sustainable mineral development, targeting clean, renewable resources essential for the growing demand in clean energy.
Comstock Mining Inc. (NYSE: LODE) announced that CEO Corrado De Gasperis will be interviewed by Adelaide Capital on April 13, 2021, at 11:00 am PDT. This follows their participation in the Adelaide Capital Battery Metals Charity Pitch Battle on March 25, where Comstock received the highest votes among fifteen competitors. The event raised funds for the Leukemia & Lymphoma Society of Canada. Comstock is focused on sustainable extraction and production of battery metals critical for clean energy and carbon-neutral initiatives.
Comstock Mining (NYSE: LODE) announced the appointment of Alexia Sober as Mercury Market and Grant Manager. Ms. Sober brings over 15 years of experience in areas including Policy Research, Mining, and Historical Archaeology. Her background will support Comstock's focus on environment-enhancing projects, particularly in precious metals and clean mercury technologies. Executive Chairman Corrado De Gasperis highlighted her community involvement and educational contributions as vital for long-term resource sustainability.
Comstock Mining Inc. (NYSE: LODE) has announced its 2021 Annual Meeting of Shareholders set for June 3, 2021, at the historic Gold Hill Hotel in Nevada. The meeting will provide updates on the company's corporate portfolio, geological developments, and clean energy technologies, starting at 9:00 a.m. PT. Shareholders can attend in person or view via webcast. The record date for voting is April 6, 2021. A proxy statement will be issued detailing the voting matters.
Comstock Mining Inc. (NYSE: LODE) and Mercury Clean Up LLC completed the construction and operational testing of the Clean Mercury Remediation Technologies (CMRT) system in Davao D’ Oro, Philippines. This marks the first commercial mercury remediation system in the region, aiming to address the harmful effects of artisanal and small-scale gold mining. The project is a significant milestone for the U.N.'s Minamata Convention on mercury pollution. With plans for additional systems, Comstock expects positive cash flow from this initiative within months, significantly impacting local environments and communities.
Comstock Mining reported its 2020 results, highlighting a net income of $14.9 million, driven by an $18.3 million gain from selling property to Tonogold. The company acquired a majority stake in LiNiCo and launched multiple mercury remediation projects, including a joint venture in the Philippines. They raised $15 million in equity, extinguishing $3.6 million in debt. Comstock aims to create $500 million in shareholder value by 2023 through strategic ESG projects and monetizing non-strategic assets. The company will host a conference call to discuss these developments.
Comstock Mining Inc. (NYSE: LODE) will host a conference call on March 11, 2021, at 8:00 AM PT to discuss its 2020 year-end results and provide a business update. Investors can join the live Webcast via a provided link or dial-in options. The company focuses on sustainable mineral development, emphasizing strategic and precious metals essential for clean energy technologies. Comstock holds extensive properties in the Comstock District, with capabilities in gold, silver, lithium, nickel, and cobalt processing.
Comstock Mining Inc. (NYSE: LODE) has successfully closed a $16 million registered direct offering of 4 million shares at $4.00 per share, netting approximately $15 million after expenses. The funds will accelerate the company’s Climate Smart Mining initiatives, which include mercury remediation and lithium-ion battery recycling. Noble Capital Markets acted as placement agent. The offering was executed under an effective shelf registration statement filed with the SEC, aimed at enhancing institutional investor interest.
Comstock Mining Inc. (NYSE: LODE) announced a registered direct offering of 4,000,000 shares of common stock at $4.00 per share, set to close around March 4, 2021. Noble Capital Markets is the sole placement agent for this transaction. Proceeds from this offering will primarily fund the acquisition of LINICO Corporation, investments in Mercury Clean Up LLC, mineral acquisition, and general corporate purposes. A prospectus supplement detailing the offering will be filed with the SEC.
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