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 participate in Noble Capital Markets' Virtual Road Show Series on June 22, 2021, at 10 AM PDT. The event will feature a corporate presentation by Corrado De Gasperis, Executive Chairman and CEO, followed by a Q&A session moderated by Noble Senior Research Analyst Mark Reichman. This live broadcast is free for all investors. Additionally, Comstock Mining is set to join the Russell Microcap Index effective June 28, 2021, enhancing its visibility in the market.
Comstock Mining Inc. (NYSE: LODE) announced that its Executive Chairman and CEO, Corrado De Gasperis, will present at the 2021 LD Micro Invitational XI Investor Conference on June 9, 2021. The presentation is scheduled from 10:30 to 11:00 AM EDT. Investors can register for the conference HERE.
Comstock will also join the Russell Microcap Index on June 28, 2021, reflecting its growth and value performance.
Comstock Mining Inc. (NYSE: LODE) announced its inclusion in the Russell Microcap Index, effective June 28, 2021, post-reconstitution. This membership highlights the company's market capitalization and growth potential. The company’s Executive Chairman, Corrado De Gasperis, emphasized that this recognition enhances their capital base, positioning Comstock for future growth. The Russell indexes are utilized by many investment managers and encompass approximately $10.6 trillion in assets.
Comstock Mining reported significant first-quarter 2021 results, including a net income of $8.2 million ($0.22 per share), a substantial increase from a net loss of $0.3 million in Q1 2020. Total operating costs fell to a credit of $0.3 million, down 127% year-over-year. The company secured majority equity in LINICO Corporation, a lithium-ion battery recycling firm, and launched the MCU project in the Philippines for mercury remediation. Total assets rose 63% to $70 million. Debt was completely extinguished, with cash and equivalents at $10.3 million.
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.
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