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) 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.
Comstock Mining Inc. (NYSE: LODE) will host a conference call on March 11, 2021, at 8:00 AM PT to discuss its 2020 year-end results and provide a business update. Investors can join the live Webcast via a provided link or dial-in options. The company focuses on sustainable mineral development, emphasizing strategic and precious metals essential for clean energy technologies. Comstock holds extensive properties in the Comstock District, with capabilities in gold, silver, lithium, nickel, and cobalt processing.
Comstock Mining Inc. (NYSE: LODE) has successfully closed a $16 million registered direct offering of 4 million shares at $4.00 per share, netting approximately $15 million after expenses. The funds will accelerate the company’s Climate Smart Mining initiatives, which include mercury remediation and lithium-ion battery recycling. Noble Capital Markets acted as placement agent. The offering was executed under an effective shelf registration statement filed with the SEC, aimed at enhancing institutional investor interest.
Comstock Mining Inc. (NYSE: LODE) announced a registered direct offering of 4,000,000 shares of common stock at $4.00 per share, set to close around March 4, 2021. Noble Capital Markets is the sole placement agent for this transaction. Proceeds from this offering will primarily fund the acquisition of LINICO Corporation, investments in Mercury Clean Up LLC, mineral acquisition, and general corporate purposes. A prospectus supplement detailing the offering will be filed with the SEC.
Comstock Mining (NYSE: LODE) announced it has secured a 64% equity stake in LiNiCo, a lithium-ion battery recycling company, for $4.5 million in cash and 3 million shares, totaling $10.75 million. LiNiCo will enhance its investment in Green Li-ion, acquiring exclusive U.S. rights to produce high-purity lithium-ion cathodes. The deal supports rising demand for EVs and aims to produce up to 10,000 tons of cathodes annually, potentially generating over $100 million in sales. This strategic move aligns with Comstock's focus on sustainable mining and environmental stewardship.
Comstock Mining Inc. (NYSE: LODE) and Mercury Clean Up LLC are nearing completion of their Clean Mercury Remediation Technologies joint venture, launching operations in Davao D’ Oro, Philippines, next week. This initiative addresses mercury pollution from artisanal gold mining, aiming to remediate existing wastes while extracting gold and other useful by-products. The facility is designed for rapid cash flow generation, with expected returns on investment in less than a year. Comstock continues to focus on sustainable mineral development and aims for further expansion once initial operations are successful.
Comstock Mining Inc. (LODE) announced advancements in clean energy technologies, collaborating with Mercury Clean-Up, LLC to enhance metals extraction and remediation of mining environments. The company targets tailings and mining waste to recover precious metals while addressing mercury contamination. Comstock is particularly focused on strategies to meet increasing global metal demand due to the clean energy transition, as highlighted by a World Bank report projecting a surge in mineral usage by 2050. The company aims to leverage environmentally friendly technologies to enhance shareholder value.
Comstock Mining (NYSE American: LODE) will present at NobleCon17 on January 20, 2021, at 10:30 A.M. EST. The conference, which is virtual and free to attend, features Corrado DeGasperis, Executive Chairman and CEO. A video webcast of the presentation will be available the following day on the Company’s website and on Channelchek next month. Comstock Mining focuses on sustainable mining and processing technologies, with significant property in the historic Comstock District.