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. (NYSE: LODE) generates news primarily around its work in renewable metals and clean energy systems, with a strong focus on end-of-life solar panel recycling. Through its subsidiary Comstock Metals LLC, the company reports on developments in what it describes as a certified, North American, zero-landfill solution for decommissioned photovoltaic panels, as well as the buildout of an integrated recycling network.
News updates commonly cover facility milestones and permits, such as Air Quality and Written Determination permits from the Nevada Division of Environmental Protection for its industry-scale materials recovery facility in Silver Springs, Nevada. These items detail regulatory approvals for processing waste solar panels and photovoltaics and provide context on the company’s plans for large-scale materials recovery operations.
Comstock’s news flow also highlights the expansion of its recycling network, including announcements about satellite storage and preparation facilities in locations like California’s Central Valley and Ohio. These stories describe how new sites are intended to serve regional solar markets, centralize collection and aggregation of retired panels, and support logistics for transporting materials to specialized recycling facilities.
Another recurring theme in LODE news involves strategic investments and transactions related to renewable fuels and biomass conversion through Bioleum Corporation, a strategic investee. Releases have described Bioleum’s acquisitions of Hexas Biomass Inc. and RenFuel’s intellectual property portfolio, which are positioned as part of systems that convert lignocellulosic biomass into low-carbon fuels and intermediates.
Investors and researchers following Comstock’s news can expect updates on permitting, operational progress at its solar panel processing facilities, network expansion for end-of-life PV recycling, and transactions involving technologies and partners in renewable fuels and biomass-to-fuel supply chains.
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.
Comstock announced the publication of an independent technical report on its Dayton Consolidated Project. The report estimates mineral resources as of November 1, 2022, with 293,000 ounces of gold and 2,120,000 ounces of silver in Measured and Indicated categories, plus 90,000 ounces of gold and 480,000 ounces of silver in Inferred resources. The project features high-grade assays and a promising geological model. Comstock plans further drilling and exploration to enhance resource quality and growth potential.
Comstock Inc. (NYSE: LODE) announced significant advancements in its lithium battery recycling and renewable fuels sectors.
Key updates include receiving permits for lithium recycling facilities in Nevada and filing patents for new extraction processes to enhance efficiency and reduce costs.
Financially, total assets decreased to $116.5 million, while operating expenses reached approximately $3 million. The company reported a net loss of $5.3 million for Q3 2022, an improvement from $9.5 million in Q3 2021. Comstock anticipates over $25 million from asset sales and aims to monetize non-strategic assets to eliminate debt.
Comstock Inc. (NYSE: LODE) announced a conference call scheduled for November 1, 2022, at 1:15 PM PDT to discuss its Third Quarter 2022 results and provide business updates. The event will include a moderated Q&A session following the prepared remarks. Interested participants must register in advance to receive confirmation details for joining the webcast. Comstock focuses on technologies that aid in global decarbonization by converting under-utilized resources into renewable fuels and products, aiming for significant financial and social benefits.
Comstock Inc. (NYSE: LODE) announced that the Lyon County Board of County Commissioners has granted unanimous approval for a Conditional Use Permit (CUP) for LINICO Corporation to establish a lithium-ion battery (LIB) pre-recycling storage facility in Mound House, Nevada. This facility aims to enhance regional recycling capabilities for LIBs, essential in supporting the growing demand for electric vehicles. LiNiCo's operations will complement its existing battery metal recycling facility in Storey County, which is crucial for recycling critical metals and addressing increasing lithium demand.
Comstock Inc. (NYSE: LODE) announced that its Executive Chairman and CEO, Corrado De Gasperis, will present at the 12th Annual Invitational LD Micro Main Event on October 26, 2022, from 4:00 to 4:30 p.m. PDT. De Gasperis expressed excitement about sharing advancements in their decarbonization technologies, focusing on cellulosic fuels and Li-ion battery metal recycling. These innovations aim to contribute to renewable energy solutions during a critical time for carbon reduction. Interested viewers can register to watch the virtual presentation.
Comstock Inc. (NYSE: LODE) has filed a grant application with the U.S. Department of Energy to develop a pre-pilot system for producing renewable fuels from forestry residues. The company has created a unique process to convert woody biomass into biointermediates, including Cellulosic Sugar and Bioleum, which can yield over 80 gallons of renewable fuel per dry ton of feedstock. The application is supported by a collaborative team, positioning Comstock to contribute to reducing U.S. mobility emissions and advancing net-zero goals by 2050.
Comstock Inc. (NYSE: LODE) has received a critical Operating Permit from the Nevada Division of Environmental Protection for its subsidiary, LiNiCo Corporation, to recycle lithium-ion batteries at its Tahoe Reno Industrial Facility. This permit enables LiNiCo to utilize advanced lithium extraction and recycling technologies intended for high efficiency and lower costs. The pilot facility is set to be operational by mid-2023, with plans for commercial scaling thereafter. The demand for lithium recycling is expected to surge as global electrification increases.
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.