Comstock Stock Price, News & Analysis

Comstock Inc. (NYSE: LODE) is marketing its advanced cellulosic ethanol production technology to upgrade existing corn ethanol facilities. The technology aims to convert forestry residuals into cellulosic ethanol with significantly improved yield and efficiency compared to traditional corn. Potential revenue increases for corn ethanol producers could exceed $125 million annually with the new technology. The current market value for cellulosic ethanol is approximately $6.30 per gallon in California, highlighting its enhanced profitability potential.

Comstock Inc. (NYSE: LODE) has completed the sale of its Daney Ranch property near Dayton, Nevada, for $2.7 million. The net sale price is $2.5 million after accounting for lease credits. This transaction marks a significant step in Comstock's monetization strategy, with additional non-mining asset sales anticipated within the next 3 to 4 months. The deal provides the company with $1.5 million in cash and a $1 million secured note. Comstock aims to innovate in renewable fuels and electrification to drive growth and sustainability.

Comstock Inc. (NYSE: LODE) announced significant advancements in its renewable energy technologies, focusing on cellulosic fuels and lithium extraction. The company filed a new patent aimed at producing renewable fuels from woody biomass, potentially achieving yields exceeding 80 gallons per dry ton. Financial highlights include a net loss of $13.8 million for Q2 2022, attributed to increased R&D expenses. Comstock is also set to generate over $20 million from asset sales. Overall, the company is positioning itself as a key player in the green energy landscape.

Comstock Inc. (NYSE: LODE) will hold a conference call on August 9, 2022, at 1:15 PM PDT to discuss its Q2 2022 results and business updates. Participants can register in advance for the webcast, which includes a moderated Q&A session after the presentation. Comstock focuses on innovative technologies aimed at global decarbonization and optimally converting under-utilized resources into renewable fuels and products. The company aims for significant growth through advanced carbon extraction and refining facilities and strategic partnerships.

Comstock Inc. (NYSE: LODE) announced a transformative patent for producing renewable fuels from woody biomass, achieving yield improvements, cost reductions, and efficiency gains over existing methods. This new technology enables utilization of previously underused feedstocks, potentially neutralizing a significant portion of U.S. mobility emissions. Comstock's pilot facility indicates renewable fuel yields could exceed 80 gallons per dry ton, with lifecycle greenhouse gas emissions reductions surpassing 80% compared to petroleum. Their approach aims to alleviate supply chain constraints in renewable fuel production.

Comstock Inc. (NYSE: LODE) held its Annual Meeting of Shareholders on May 26, 2022, in Reno, Nevada, reporting significant updates on its decarbonization technologies, including electrification (LiNiCo) and cellulosic fuels (Bioleum™). The meeting featured a record turnout, with presentations on the pilot facility for LIB processing that produces black mass. Comstock is finalizing air quality permits for battery recycling and expanding cellulosic fuel production in Wisconsin. The company aims for exponential growth in sustainable fuel and energy solutions.

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.