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Comstock Inc. - LODE STOCK NEWS

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.

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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.

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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.

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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.

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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.

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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.

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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.

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Comstock Inc. (NYSE: LODE) recently revealed groundbreaking technologies that enhance the production of renewable fuels from woody biomass, aiming to neutralize over 40% of America's mobility emissions by 2050. The company projects yields exceeding 80 gallons per dry ton, with lifecycle greenhouse gas emissions reduced by over 80% compared to petroleum. Comstock's processes utilize abundant forestry residuals, potentially generating over 8 billion gallons of drop-in fuels annually. This approach aligns with Biden Administration's decarbonization goals, creating jobs and stimulating rural economies.

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Comstock Inc. announced a significant increase in its mineral resources, with 605,000 ounces of gold and 5,880,000 ounces of silver reported as Measured and Indicated resources. Additionally, Tonogold Resources Inc. did not exercise their purchase option for Comstock's Lucerne properties, reverting full ownership to Comstock. The company’s total controlled mining claims now span twelve square miles. With high-grade drilling results from the Dayton project, which includes up to 2.95 ounces of gold per ton, Comstock plans advanced drilling programs to enhance resource discovery.

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Comstock (NYSE: LODE) announced an update on its asset sales, expecting over $30 million in proceeds from selling non-mining properties and strategic investments. These transactions are anticipated to close in Q1 2023. Additionally, the company secured bridge financing through an 8.0% Convertible Promissory Note worth $3.15 million to facilitate these asset sales. The note will allow for cash redemption and conversion into common stock at $0.50 per share, providing financial flexibility to manage potential dilution while supporting growth.

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Comstock Inc. (NYSE: LODE) announced high-grade mineral assays from its Dayton Consolidated Project, revealing gold assays as high as 2.95 ounces per ton and silver assays up to 6.68 ounces per ton. The company will present recent advancements in mineral discovery technologies at the Money, Metals & Mining Virtual Expo on December 7. An initial technical report, compliant with SEC guidelines, estimates resources of 293,000 ounces of gold and 2,120,000 ounces of silver. The detailed report is available on the company's website.

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FAQ

What is the current stock price of Comstock (LODE)?

The current stock price of Comstock (LODE) is $0.53 as of January 10, 2025.

What is the market cap of Comstock (LODE)?

The market cap of Comstock (LODE) is approximately 116.1M.

What is the primary business of Comstock Inc.?

Comstock Inc. is engaged in gold and silver mining, as well as producing renewable energy from under-utilized natural resources. They also invest in advanced technologies for sustainable solutions.

How long has Comstock Inc. been operating in the Comstock District?

Comstock Inc. began acquiring properties in the Comstock District in 2003 and commenced commercial production in 2012.

What are the main segments of Comstock Inc.?

The main segments include Fuels, Metals, Mining, Strategic Investments, and Corporate.

What recent achievements has Comstock Inc. made?

Recent achievements include commissioning a zero-landfill solar panel recycling facility and recording investment gains of over $25 million.

Who are some of Comstock Inc.'s strategic partners?

Strategic partners include Quantum Generative Materials LLC, Green Li-Ion Pte Limited, and RenFuel.

What is the focus of Comstock Inc.'s renewable energy efforts?

The focus is on converting biomass into renewable fuels with low carbon intensity and recycling end-of-life materials for responsible reuse.

How does Comstock Inc. contribute to environmental sustainability?

They use technologies for accelerated reclamation, recycling materials, and producing renewable energy, aiming for net-zero carbon emissions.

What financial milestones has Comstock Inc. recently achieved?

The company has recorded a full-year net income of over $10.5 million and investment gains exceeding $25 million.

What are Comstock Inc.'s future plans?

Future plans include expanding their footprint in the Comstock District, enhancing renewable energy production, and pushing the commercialization of their advanced technologies.

Where can investors find more information about Comstock Inc.?

Investors can visit their website at www.comstock.inc or contact their investor relations team for more details.
Comstock Inc.

NYSE:LODE

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LODE Stock Data

116.12M
207.04M
5.51%
5.53%
1.52%
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