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. reports business developments tied to clean energy materials, solar recycling and critical metals recovery. The company commercializes technologies, systems and supply chains that extract and convert underutilized natural resources into reusable metals, including silver, aluminum, gold and other critical minerals, primarily from end-of-life photovoltaic materials.
Recurring Comstock news includes quarterly and annual results, Comstock Metals updates, renewable fuels activity, Nevada mining and mineral-property matters, strategic investments, capital and liquidity actions, board and governance changes, shareholder meetings and investor presentations. Company updates also address monetization of non-core assets and the commercialization of metals recovery processes.
Comstock Mining Inc. (NYSE: LODE) announced that its Executive Chairman and CEO, Corrado De Gasperis, will present at the 2021 LD Micro Invitational XI Investor Conference on June 9, 2021. The presentation is scheduled from 10:30 to 11:00 AM EDT. Investors can register for the conference HERE.
Comstock will also join the Russell Microcap Index on June 28, 2021, reflecting its growth and value performance.
Comstock Mining Inc. (NYSE: LODE) announced its inclusion in the Russell Microcap Index, effective June 28, 2021, post-reconstitution. This membership highlights the company's market capitalization and growth potential. The company’s Executive Chairman, Corrado De Gasperis, emphasized that this recognition enhances their capital base, positioning Comstock for future growth. The Russell indexes are utilized by many investment managers and encompass approximately $10.6 trillion in assets.
Comstock Mining reported significant first-quarter 2021 results, including a net income of $8.2 million ($0.22 per share), a substantial increase from a net loss of $0.3 million in Q1 2020. Total operating costs fell to a credit of $0.3 million, down 127% year-over-year. The company secured majority equity in LINICO Corporation, a lithium-ion battery recycling firm, and launched the MCU project in the Philippines for mercury remediation. Total assets rose 63% to $70 million. Debt was completely extinguished, with cash and equivalents at $10.3 million.
Comstock Mining Inc. (NYSE: LODE) will host a conference call on May 12, 2021, at 8:00 a.m. PT to discuss its First Quarter 2021 results and provide a business update. Investors are encouraged to join 10-15 minutes early for the moderated Q&A session. The call can be accessed via a Zoom Webinar with ID 840 3861 2204. A recording will be available on the company website within 24 hours post-call. Comstock Mining focuses on sustainable mineral development, targeting clean, renewable resources essential for the growing demand in clean energy.
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Comstock Mining Inc. (NYSE: LODE) announced that CEO Corrado De Gasperis will be interviewed by Adelaide Capital on April 13, 2021, at 11:00 am PDT. This follows their participation in the Adelaide Capital Battery Metals Charity Pitch Battle on March 25, where Comstock received the highest votes among fifteen competitors. The event raised funds for the Leukemia & Lymphoma Society of Canada. Comstock is focused on sustainable extraction and production of battery metals critical for clean energy and carbon-neutral initiatives.
Comstock Mining (NYSE: LODE) announced the appointment of Alexia Sober as Mercury Market and Grant Manager. Ms. Sober brings over 15 years of experience in areas including Policy Research, Mining, and Historical Archaeology. Her background will support Comstock's focus on environment-enhancing projects, particularly in precious metals and clean mercury technologies. Executive Chairman Corrado De Gasperis highlighted her community involvement and educational contributions as vital for long-term resource sustainability.
Comstock Mining Inc. (NYSE: LODE) has announced its 2021 Annual Meeting of Shareholders set for June 3, 2021, at the historic Gold Hill Hotel in Nevada. The meeting will provide updates on the company's corporate portfolio, geological developments, and clean energy technologies, starting at 9:00 a.m. PT. Shareholders can attend in person or view via webcast. The record date for voting is April 6, 2021. A proxy statement will be issued detailing the voting matters.
Comstock Mining Inc. (NYSE: LODE) and Mercury Clean Up LLC completed the construction and operational testing of the Clean Mercury Remediation Technologies (CMRT) system in Davao D’ Oro, Philippines. This marks the first commercial mercury remediation system in the region, aiming to address the harmful effects of artisanal and small-scale gold mining. The project is a significant milestone for the U.N.'s Minamata Convention on mercury pollution. With plans for additional systems, Comstock expects positive cash flow from this initiative within months, significantly impacting local environments and communities.
Comstock Mining reported its 2020 results, highlighting a net income of $14.9 million, driven by an $18.3 million gain from selling property to Tonogold. The company acquired a majority stake in LiNiCo and launched multiple mercury remediation projects, including a joint venture in the Philippines. They raised $15 million in equity, extinguishing $3.6 million in debt. Comstock aims to create $500 million in shareholder value by 2023 through strategic ESG projects and monetizing non-strategic assets. The company will host a conference call to discuss these developments.