Comstock Stock Price, News & Analysis

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.

Comstock Mining Inc. (NYSE: LODE) will host a conference call on March 29, 2022, at 8:00 AM PDT to discuss its 2021 Year End results and provide a business update. The call will include a Q&A session after prepared remarks. Investors can register in advance to join the webcast. The company focuses on innovative technologies that support global decarbonization and aims for substantial growth by operating advanced carbon-neutral extraction facilities and licensing technologies. For further information, visit ComstockMining.com.

Comstock Mining Inc. (NYSE: LODE) announced a strategic pivot towards renewable energy, focusing on cellulosic fuels and lithium-ion battery recycling. With advancements in technology, the company aims to utilize underexploited biomass for renewable fuel production, potentially offsetting billions of tons of fossil fuel emissions. The goal is to achieve over $16 billion in revenue by 2030 while reducing greenhouse gas emissions significantly. The company plans to rebrand and is building facilities for these new initiatives, showcasing its commitment to a sustainable future.

Comstock Mining Inc. (NYSE: LODE) submitted comments to the U.S. EPA, calling for enhanced regulations for biomass-derived intermediates in renewable fuel production. Their technologies convert under-utilized woody biomass into carbon-neutral gasoline and other biofuels. Comstock emphasized the potential economic benefits, stating that one million dry tons of biomass can yield significant volumes of ethanol and renewable diesel. They advocate for broader inclusion of biomass resources to support the transition from petroleum and address climate change, while also urging for revisions in the RIN program to promote greater GHG reductions.

Comstock Mining Inc. (NYSE: LODE) announced its subsidiary, LINICO Corporation, received $618,836 in tax abatements from the Nevada Governor’s Office of Economic Development. The tax benefits support LiNiCo's first production facility, which is set to begin operations in H2 2022, with an initial capacity exceeding 35,000 tons/year, and a long-term goal of over 100,000 tons/year. The project aims to create at least 30 jobs and invest $6 million in capital over two years, generating more than $4 million in new tax revenue for Nevada.