Comstock Stock Price, News & Analysis

Comstock Mining (NYSE: LODE) announced operational highlights and financial results for Q1 2022. The Company is progressing towards launching the Bioleum™ biorefinery, with a goal to produce 100 million gallons by 2025. In lithium extraction, it is on track to produce marketable materials by Q4 2022 and Q2 2023. Financially, Comstock reports a net loss of $6.5 million for Q1 2022, compared to a profit in Q1 2021. Total assets rose significantly to $115.1 million, while operating expenses increased due to R&D and staffing. Future proceeds of $15 million are expected from property sales.

Comstock Mining Inc. (NYSE: LODE) will host a conference call on May 3, 2022, at 8:00 AM PDT to discuss its First Quarter 2022 results and provide business updates. The event will include a moderated Q&A session following the prepared remarks. Interested parties must register in advance to receive a confirmation email with joining details. Comstock Mining focuses on innovative technologies for decarbonization and renewable fuel production. Forward-looking statements are included, emphasizing the company's future plans and potential market conditions.

Comstock Mining (NYSE: LODE) will participate in the 2022 Annual Climate Leadership Gala on April 22, 2022, in Washington, D.C. The event gathers 300 industry leaders to recognize climate achievements and transformative leadership. CEO Corrado De Gasperis expressed honor in contributing to the event, highlighting the impacts of their decarbonization technologies. This year’s gala features prominent leaders, including John Kerry and Laura Lane, who will receive awards for their contributions to climate action.

Comstock Mining Inc. (NYSE: LODE) will present at the NobleCon 18th Annual Small & Microcap Investor Conference from April 19-21, 2022, in Miami, FL. Executive Chairman Corrado De Gasperis, President Kevin Kreisler, and COO William McCarthy will participate in the event organized by Noble Capital Markets. Comstock focuses on converting renewable resources and waste into fuels, promoting decarbonization. The presentation includes a company update, and one-on-one meetings with investors will be held. For more details, visit ComstockMining.com.

Comstock Mining Inc. (NYSE: LODE) announced a definitive agreement to acquire the Haywood quarry and industrial property from Decommissioning Services LLC for $2.1 million in cash and stock. Comprising approximately 190 industrial acres in Lyon County, Nevada, the property will be utilized for lithium-ion battery storage to support LiNiCo's recycling operations. The acquisition is expected to enhance efficiency in lithium recovery processes and complements Comstock's plans for lithium recycling facilities, positioning the company favorably in the renewable energy sector.

Comstock Mining Inc. (NYSE: LODE) has appointed Leonardo Riera as the president of LINICO Corporation, its electrification products subsidiary. Riera brings extensive experience in renewable energy, manufacturing, and capital markets. His leadership is anticipated to accelerate LINICO's growth and strategic plans. The company will discuss its renewable businesses and expanded management teams at the upcoming AGM on May 26, 2022, in Reno, Nevada. Comstock aims to achieve significant financial and environmental benefits through innovations in carbon-neutral technologies.

Comstock Mining Inc. (NYSE: LODE) has nominated Kristin M. Slanina and Kevin E. Kreisler for election to its Board of Directors at the upcoming Annual General Meeting on May 26, 2022. Slanina, with a robust background in electric vehicle technology and leadership roles at Ford and Fiat-Chrysler, is expected to enhance Comstock’s innovation capabilities. Kreisler, who joined as President & CFO in 2021, brings expertise in renewable fuels and decarbonization. Their appointments aim to strengthen the board's competencies in advancing the company's renewable energy initiatives.

Comstock Mining Inc. (NYSE: LODE) unveiled its 2021 results and strategic outlook, emphasizing a mission for systemic decarbonization. The company reported total assets nearly tripling to $126.95 million and net equity rising to $92.97 million. However, it faced an operating loss of $6.41 million compared to $5.47 million in 2020. Comstock's innovations include Bioleum™, a carbon-neutral crude oil, and advanced technologies from recent acquisitions aimed at producing renewable fuels and recycling lithium-ion batteries. The company projects $16 billion in annual revenues by 2030 through its renewable fuels subsidiary.

On March 24, 2022, Comstock Mining Inc. (NYSE: LODE) announced its 2022 Annual Meeting of Shareholders scheduled for May 26, 2022, at Atlantis Hotel, Reno, Nevada. The meeting will focus on the company's renewable fuels, electrification businesses, and an expanded management team. The record date for voting is March 31, 2022. Shareholders can register for the meeting via Comstock's new website. The company's innovative technologies aim to promote global decarbonization and circularity by converting under-utilized natural resources into renewable energy products.