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 (NYSE: LODE) has increased its ownership in LiNiCo Corporation from approximately 45% to around 90% by acquiring 3,129,081 common shares and 4,075 Series A Preferred shares. This move aims to consolidate control over LiNiCo’s innovative production of electrification products, including lithium carbonate and graphite from recycled batteries. LiNiCo's facility, set for production in late 2022, has a capacity exceeding 100,000 tons per year, catering to the growing demand for electric vehicle (EV) components amid supply challenges.
Comstock Mining Inc. (NYSE: LODE) announced its unaudited financial results for the period ending September 30, 2021, showcasing a net loss of $7.6 million compared to a net income of $18.3 million in the prior year. The company continued its strategic focus on decarbonization by acquiring several clean technology firms, including LINICO Corporation for lithium-ion battery recycling and Plain Sight Innovations for cellulosic fuels, to capitalize on growing global demand. Total assets increased by 149% to $107.4 million, while total debt was extinguished.
Comstock Mining Inc. (NYSE: LODE) will host a conference call on November 10, 2021, at 8:00 AM PST to discuss its Third Quarter results and provide a business update. Participants are encouraged to join 10-15 minutes early. The call will feature a moderated Q&A session following the presentation. The webcast will be accessible with pre-registration, and a recording will be available within 48 hours post-call on the company's website. Comstock focuses on sustainable extraction of natural resources essential for clean energy.
Comstock Mining (NYSE: LODE) announced its participation in the LD Micro Main Event in Los Angeles on October 13, 2021, at noon PDT. CEO Corrado De Gasperis emphasized the company's transformation through recent acquisitions, focusing on the growing demand for natural resources essential for clean energy and carbon neutrality. Key achievements include debt elimination, asset tripling, and strengthened management for growth. Interested individuals can register for the virtual event here.
Comstock Mining Inc. (NYSE: LODE) has announced the commencement of full operations for its joint venture with Mercury Clean Up LLC, Clean Mercury Remediation Technologies (CMRT), at the first commercial mercury remediation system in Davao D’ Oro, Philippines. This venture aims to remediate mercury contamination and restore the local ecosystem while generating pre-tax operating income through the remediation process. Executive Chairman Corrado DeGasperis emphasized plans for sustained growth and future expansion following the facility's positive cash flow.
Comstock Mining Inc. (NYSE: LODE) announced its acquisition of Plain Sight Innovations Corporation (PSI) for 8,500,000 restricted shares and a performance-based cash payment linked to future net cash flow, potentially reaching $18 million. PSI specializes in converting low-cost woody biomass into cellulosic ethanol and co-products like biographite. Their Wisconsin facility aims to generate over $86 million in annual revenues within the first operational year, scaling to $346 million by year three. This acquisition positions Comstock to enhance its clean technology portfolio and capitalize on the fast-growing renewable fuels market.
Comstock Mining Inc. (NYSE: LODE) announced its unaudited financial results for the six months ending June 30, 2021, reporting a net income of $1.9 million or $0.05 per share, driven by gains from asset value changes. The company achieved a $38.5 million increase in shareholders' equity due to restructuring and debt elimination, alongside rising total assets from $43.1 million to $77.3 million. Comstock's transformative plans are progressing with new strategic business lines aimed at generating significant revenues, projecting $100 million for 2023, $300 million for 2024, and $900 million by 2025.
Comstock Mining Inc. (NYSE: LODE) is set to host a conference call on August 10, 2021, at 8:00 a.m. PT to report its Q2 results and share a business update. The live webcast will also include a moderated Q&A session. Comstock has recently joined the Russell Microcap Index, effective June 4, 2021, which may enhance its visibility among investors. The company focuses on sustainable mineral development crucial for clean energy demand. For more details, visit their website or register for the conference call via the provided link.
Comstock Mining Inc. (NYSE: LODE) has acquired a 50% stake in Lakeview Energy LLC’s subsidiary, LP Biosciences LLC, and 100% of MANA Corporation for a total of 7.7 million restricted shares. They will retrofit a facility in Iowa for processing up to 200,000 pounds of industrial hemp daily. The hemp market is projected to grow from $1.9 billion in 2020 to $6.9 billion by 2025. Expected revenues from the new facility are anticipated to reach over $409 million by 2024, creating cash flow and supporting industry advancements.
Comstock Mining Inc. (NYSE: LODE) announced the filing of a hazardous waste recycling application by LINICO Corporation for its lithium-ion battery recycling facility in Nevada. This facility aims to enhance lithium-ion battery recycling capabilities, with initial throughput projected to exceed 100,000 tons annually. Expected revenues from operations are forecasted to reach $250 million in 2022 and $505 million by 2025. The company is capitalizing on the growing demand for recovered materials, driven by the electric vehicle market and increasing global resource scarcity.