Comstock Inc. - LODE STOCK NEWS

Comstock Inc. (NYSE: LODE) announced a binding agreement between Comstock Fuels and SACL Pte. for an exclusive marketing agreement in Australia and New Zealand. The deal involves three biofuel refineries in Australia with a total capacity of 1,250,000 metric tons per year, potentially producing over 300 million gallons of renewable fuels annually.

Key terms include:

• Comstock Fuels receives a 20% equity stake in each refinery
• 6% royalty fee on licensed product sales
• 6% engineering fee on capital and construction costs
• Estimated total construction cost of $2.4 billion
• Projected annual sales of $1.5 billion at current market prices

Comstock Fuels' technology offers high yields of renewable fuels with low carbon intensity, positioning the company as a leading global solution for sustainable aviation fuel and other renewable fuels.

Comstock Inc. (NYSE: LODE) and its subsidiary, Comstock Metals, have secured over $150,000 in new revenues from a commercial customer for solar panel decommissioning and disposal services. The company now offers expanded services including deinstallation, transportation, and processing of end-of-life solar panels, receiving tipping fees for storage and additional fees for decommissioning.

Comstock Metals operates a commercial demonstration facility in Silver Springs, NV, with recently permitted capacity to store large volumes of solar panels. This project represents their third and largest new decommissioning in recent weeks, with revenue split between high-labor decommissioning work and advanced recycling services fees. The company aims to lead the solar panel recycling sector, contributing to reduced electronic waste and material recovery.

Comstock Inc. (NYSE: LODE) and its subsidiary, Comstock Metals, have secured new revenue contracts for decommissioning and disposing of end-of-life solar panels. The company has begun generating income from both intake and off-take operations, including recycling aluminum. Comstock Metals now offers deinstallation services in response to customer demand, receiving fees for decommissioning, transporting, and storing panels.

Operating from a commercial demonstration facility in Silver Springs, NV, Comstock Metals is positioned to lead the solar panel recycling sector. The company has expanded its services to include coordinating panel decommissioning and transportation for nationally recognizable customers. This expansion aims to meet growing market needs and serve as a feeder for their recycling services, contributing to reduced electronic waste in landfills.

Comstock Inc. (NYSE: LODE) and its subsidiary, Comstock Metals, have announced their first shipments and revenues from recycled solar panel materials. The company sold over 3,000 pounds of recycled aluminum, exceeding expectations with a price of more than fifty cents per pound. This milestone follows their first in-take revenue from processing end-of-life solar panels last quarter.

Comstock Metals operates a commercial demonstration facility in Silver Springs, NV, and is planning an industry-scale expansion. The company's process recovers about 10-15% of the solar panel input weight as aluminum. Their zero-landfill solution generates revenue from both receiving panels and selling recycled materials, creating a closed-loop system for solar panel recycling.

Comstock Inc. (NYSE: LODE) and its subsidiary, Comstock Fuels , have validated record renewable fuel conversion yields of up to 125 gallons per dry ton of woody biomass on a gasoline gallon equivalent basis (GGE). The company's advanced lignocellulosic biomass refining solutions produce renewable fuels with market-leading yields and carbon intensities, including ethanol, gasoline, renewable diesel, and sustainable aviation fuel (SAF).

Comstock Fuels' processes are designed to be robust and highly-scalable, utilizing modular integrations of mature technologies. The company has validated a baseline yield of 125 GGE and carbon intensity of 15 with a mixture of hardwood feedstock species. They are also evaluating processes to capture and convert biogenic carbon emissions, potentially increasing yields to 150 GGE or more.

Comstock Inc. (NYSE: LODE) announced its Q2 2024 results and corporate updates, highlighting significant progress across its businesses. Key developments include:

1. Securing a $325 million term sheet for investments and real estate sales
2. Comstock Metals advancing solar panel recycling with a new industry-scale facility
3. Comstock Fuels demonstrating higher yields of 125 Gasoline Gallon Equivalents
4. Comstock Mining improving economic assessment for the Dayton resource
5. Strategic investments in Quantum Generative Materials and Green Li-ion showing progress

Financial results for Q2 2024 showed increased revenues to $0.4 million and decreased loss from operations to $5.6 million. The company outlined ambitious objectives for each business segment for the second half of 2024, focusing on closing investments, expanding operations, and advancing technologies.

Comstock Inc. (NYSE American: LODE) has secured a $325 million term sheet for investments and real estate sales. The deal includes $275 million in direct investments into Comstock's three main subsidiaries: $200 million for Comstock Fuels , $22 million for Comstock Metals , and $50 million for Comstock's Mining segment. Additionally, there's a $3 million direct equity investment into Comstock itself and a $50 million sale of Nevada real estate and water rights.

This transaction recognizes significant valuations of nearly $500 million for Comstock's businesses and provides essential growth capital. The funds will be used to advance and accelerate the commercialization of Comstock's fuels, metals, and mining operations. The deal is subject to final due diligence and regulatory approvals.

Comstock Inc. (NYSE: LODE) has announced its upcoming Q2 earnings call scheduled for August 8, 2024, at 4:30pm ET. The company's Executive Chairman, Director & CEO, Corrado De Gasperis, and COO, William McCarthy, will lead the call, providing an overview of recent financial results and important business updates. The event will include a live Q&A session following the presentation. Investors and interested parties are invited to register for the webinar through a provided link. Questions can be submitted in advance via the registration form or by email to ir@comstockinc.com.

Comstock Inc. (NYSE: LODE) has announced the termination of its existing Equity Purchase Agreement and entered into a new securities purchase agreement for a $2.5 million investment. The company issued an 8.0% Convertible Promissory Note due October 31, 2025, with an original aggregate principal amount of $2,717,500. $500,000 of the proceeds will be used to redeem existing convertible debt, reducing the company's outstanding obligations.

The Convertible Note accrues interest at an annual rate of 8% and is redeemable for cash 30 days after closing at 125% of the principal amount plus accrued interest. It can also be converted into common stock at a price equal to the lower of 150% of the closing price on the closing date or 80% of the lowest 10-day VWAP prior to conversion.

Comstock Metals is operating its first commercial demonstration facility in Silver Springs, NV, and has begun preliminary design for three industry-scale facilities. Comstock Fuels is commercially ready and engaged in discussions for joint development and licensing agreements.